Banking on Experience powered by BUSINESSNEXT

Navigating the Insurance Crisis: How Banks and Credit Unions Can Overcome Soaring Costs and Secure Their Future


Listen Later

 

We’re in the middle of an insurance crisis: Credit Unions and community banks are being dropped by their providers while premiums skyrocket.

Likewise, consumers face escalating insurance costs as global economic instability intensifies.

Here's a snapshot of the escalating insurance costs:

  • Car Insurance: A 14% surge from 2022-2023 (Quadrant Information Services).

  • Health Insurance: A 58% increase in individual coverage premiums from 2010 to 2022 (Kaiser Family Foundation Employer Health Benefits Survey).

  • Homeowners Insurance: A 21% hike in property coverage from 2015 to 2023 (LexisNexis Risk Solutions)

This episode guides Credit Unions and Banks on how to sustain coverage and navigate risk effectively in these uncertain times.

Joining us is Taylor MacCurdy, a lifelong participant in the collateral protection industry, now CEO and President of ISI. Born to industry stalwart John MacCurdy, Taylor carries on his father's impressive four-decade legacy in the CPI market.

Stay tuned as Taylor imparts strategies to mitigate the challenges of the unfolding insurance crisis.

 

...more
View all episodesView all episodes
Download on the App Store

Banking on Experience powered by BUSINESSNEXTBy Andrew Piron & Joshua Barclay

  • 5
  • 5
  • 5
  • 5
  • 5

5

30 ratings


More shows like Banking on Experience powered by BUSINESSNEXT

View all
Freakonomics Radio by Freakonomics Radio + Stitcher

Freakonomics Radio

32,252 Listeners

20/20 by ABC News

20/20

11,731 Listeners

The NPR Politics Podcast by NPR

The NPR Politics Podcast

25,838 Listeners