Could you imagine slicing your finger with a hedge trimmer and still having the time of your life at a concert the next day? That's precisely what happened to Brandon, and he spills all the gory yet hilarious details before raving about the Red Hot Chili Peppers concert in St. Paul, Minnesota. Meanwhile, Nick takes us through his more relaxed weekend, filled with a double date swim party and an all-out war with some stubborn squirrels and their acorns. Their weekend tales are packed with personal stories and humor, offering a delightful peek into their lives beyond the podcast mic.

Switching gears, we dive into this week's latest political drama and tech fiasco. Join us as we dissect the impact of the recent CrowdStrike incident and its eerie similarities to the Y2K scare, especially for businesses like airlines. We debate the role of insurance in covering such massive system failures and delve into a federal jury's ruling that Lockton Companies and two brokers owe USI Insurance Services around $3 million. And of course, we can't ignore the political landscape, with speculations ranging from Kamala Harris's potential run to Joe Manchin's surprising moves and Dean Phillips's unexpected presidential bid.

Finally, we rank U.S. states based on business and quality of life, shedding light on the differences between California, Texas, and Minnesota in terms of regulations and public vs. private land. We also share some personal anecdotes about family outings and the joys of recreational activities like pickleball. And don't miss our discussion on Dollar General's shocking $12 million fine and the latest product recall mess involving Bissell's steam cleaners. With a mix of humor and insightful commentary, we navigate through the complexities of legal disputes, economic paradoxes, and everyday quirks.

Timestamps

0:00 Introduction

1:38 Episode starts: weekend updates

5:53 Today's topics

7:12 Today's drinks: Lalo Tequila and Oban 14 Scotch

9:35 CrowdStrike failure and its effects on business and insurance

15:30 Jury awards $3M to USI in broker poaching suit against Lockton

18:09 US politics: Kamala and Gavin Newsom

22:08 Regulatory environment in California: employers now need to notify workers of their rights

28:43 Dollar General will pay $12 million in fines over workplace safety

38:05 A wholesale insurance agent's claim against a retailer

42:06 Recall of the week: Bissel steam cleaner

45:09 Today's quiz

Connect with RiskCellar:

Website: https://www.riskcellar.com/

Brandon Schuh:

Facebook: https://www.facebook.com/profile.php?id=61552710523314

LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/

Instagram: https://www.instagram.com/schuhpapa/

Nick Hartmann:

LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Ever wondered how a former Secret Service agent transitions into the world of entrepreneurship? This episode of RiskCellar promises an insightful journey through the dynamic intersection of security and business. We kick things off with a compelling discussion on our partnership with Ascend and their role in democratizing access to premium financing, particularly through the innovative Shadow program. Then, special guest Mike de Geus, a former Secret Service agent, shares his riveting journey from protecting high-level dignitaries to founding Hero Beverage Company—a brand dedicated to supporting police, fire, military, medical, and educational professionals. Adding a touch of humor, we also feature a ChatGPT-generated wine description that will surely make you chuckle.

We uncover the emotional and professional challenges Mike faced while transitioning from his high-stakes career to focusing on his family. Hear firsthand accounts of the operational differences in security measures for sitting versus former Presidents, and the complexity of managing security at high-profile political events. Mike shares compelling stories, including the strategic use of environmental factors to ensure safety and the nuanced differences in managing security in open carry states. The conversation highlights the dedication and sacrifices made by those in the protective services, offering a rare glimpse into their world.

Wrapping up, we delve into the broader implications of security in today’s landscape with the innovative Shadow platform, which aims to revolutionize safety and security by offering on-demand services through a user-friendly app. This discussion touches on the challenges faced by retired professionals as they transition to private sector roles, and the importance of preparedness and strategic thinking in both entrepreneurship and security. This episode is packed with invaluable insights, personal anecdotes, and forward-thinking solutions that you won't want to miss.

Timestamps

0:00 Introduction

2:29 Mike de Geus and his career background

5:22 Today's wine: Malbec Finca Origen Gran Reserva

8:12 Mike's perspective on the Trump's assassination attempt

9:44 Why Mike left the secret service

12:35 How Trump's rally security should have handled the situation

30:30 How to plan protection against a drone?

35:21 Mike's experience with security in the private sector and how it interacts with the secret service

41:31 Mike's entrepreneurial journey with the Shadow App and how it came to be

53:49 How good the shooter actually was

55:26 Mike's final thoughts

Connect with RiskCellar:

Website: https://www.riskcellar.com/

Mike De Geus:

LinkedIn: https://www.linkedin.com/in/michael-de-geus-428469204/

Hero Beverage Co.: https://www.drinkhero.com/

Brandon Schuh:

Facebook: https://www.facebook.com/profile.php?id=61552710523314

LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/

Instagram: https://www.instagram.com/schuhpapa/

Nick Hartmann:

LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Join us for an engaging episode as we explore the latest happenings in the insurance industry. We start with an in-depth look at Ascend, an innovative billing, collections, and accounting automation platform that is revolutionizing how retail brokers, MGAs, carriers, and wholesalers manage their repetitive tasks. From invoice creation to commission disbursements, Ascend's efficiency is transforming accounting departments, and we share our firsthand experiences with its benefits. Additionally, we lighten the mood by recounting our contrasting 4th of July celebrations—one marked by family sickness and the other by a picturesque trip to upstate New York, complete with wine selections to set the scene.

Next, we tackle the complexities of insurance industry acquisitions, focusing on a major brokerage deal and its market impact. We discuss the challenges large brokers face in achieving organic growth, driving them towards frequent acquisitions. This trend towards consolidation raises questions about competition and innovation in the industry. Shifting gears, we delve into the political landscape, offering critiques on the current presidential candidates and speculating on potential new contenders like Gavin Newsom. This segment provides insights into how these dynamics could shape future elections and the broader state of political discourse.

Our episode also covers the pressing challenges of cyber insurance and climate change, examining the increasing risks and discrepancies in cyber insurance pricing, and how climate change affects various regions and industries. We discuss the evolving property market, the rise of parametric insurance, and the role of insurers in promoting green technology. The conversation extends to geopolitical tensions, economic instability, and the vulnerabilities of global supply chains. Wrapping up, we share our thoughts on high-tech sound machines and the potential hazards leading to recalls, and even venture into future cosmic events and AI predictions, providing a fascinating blend of industry insights and personal anecdotes. Tune in for a well-rounded and informative discussion!

Timestamps

0:00 Introduction

2:15 4th of July update

4:43 Today's wines: Trentacoste Primitivo di Manduria and Altos las Hormigas Malbec

7:58 Today's topics

9:27 Breaking News: Marsch agency is buying Chicago's Horton Agency

12:56 Talking about USA election and debate

16:18 Other purchases by MMA

18:00 10 risks facing insurance article discussion

35:46 Cat bond record growth

38:27 Recall of the week: Hatch Baby power adapters

42:25 Fact of the week quiz

44:41 Searching about the next years on google image

Connect with RiskCellar:

Website: https://www.riskcellar.com/

Brandon Schuh:

Facebook: https://www.facebook.com/profile.php?id=61552710523314

LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/

Instagram: https://www.instagram.com/schuhpapa/

Nick Hartmann:

LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Can cutting-edge technology revolutionize the insurance industry? In this compelling episode we explore transformative innovations with special guest Luke Aslesen as he introduces his visionary platform, INFRMD, which demystifies employee benefits through short, engaging videos. We also explore Ascend's groundbreaking approach to premium financing and billing processes, addressing credit risk and streamlining premium collections in ways you won't believe. Amidst the tech talk, we share some light-hearted moments about team camaraderie and the joy of shared experiences, underscoring the power of teamwork in our professional lives.

Luke takes us behind the scenes of creating a professional video library aimed at educating employees about insurance. What began as a simple idea from a prospect meeting three years ago has grown into an expansive library of 125 high-quality videos. The result? A Netflix-style platform that has resonated deeply with clients. Luke reflects on the lessons learned, the importance of persistence, and the iterative nature of content creation—all while maintaining a sense of humor about the bumps along the way.

As we shift our focus, we delve into the broader challenges and future opportunities in healthcare and insurance education. From the inefficiencies in the U.S. healthcare system to the soaring costs of medical insurance, we emphasize the importance of preventive care and better benefits education. The potential impact of AI in healthcare insurance is also dissected, offering a hopeful vision where technology supports rather than replaces human professionals. To round out the episode, we tackle pressing issues like social media regulation and battery safety, all while providing a lively preview of an upcoming debate with Biden, humorously cheeky yet packed with thoughtful insights. This episode is brimming with valuable information, humor, and a shared commitment to driving innovation. Don't miss out!

Timestamps

0:00 Ascend AD

2:13 Introducing Luke Aslesen

4:10 Today's drink: Woodford Reserve Bourbon

5:52 How Luke got into the insurance business and started INFRMD

12:43 What has Luke learned so far and what he would do differently

13:59 Attracting new business while educating on insurance benefits

18:02 Main issues in the health benefits education

26:19 How to stay informed about the health insurance space

27:20 What changes in society and lifestyle should a health insurance education seek

38:06 Discussing the future of AI in healthcare

44:07 Lithium battery fires in South Korea

46:01 QBE's premium rise

48:38 New York moves to limit addictive social media feeds for kids

52:19 True or False Quiz

54:21 Recall of the week: MyCharge portable chargers

Connect with RiskCellar:

Website: https://www.riskcellar.com/

Connect with Luke Aslesen

LinkedIn: https://www.linkedin.com/in/lukeaslesen/

Website: https://www.getinfrmd.com/

Brandon Schuh:

Facebook: https://www.facebook.com/profile.php?id=61552710523314

LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/

Instagram: https://www.instagram.com/schuhpapa/

Nick Hartmann:

LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Join us this week as we reflect on our enriching experiences from a recent international conference in Amsterdam, where we delved into the future of retail opportunities for European micromobility companies. We share our thoughts on the vibrant cityscape, our modest Airbnb stay, and a memorable biking incident involving a train. This chapter is packed with professional insights and cultural exchanges that made our trip truly unforgettable.

As we transition back home, we discuss the launch of Emerald Bay and Arrowhead's new commercial earthquake facility and the emerging Texas Stock Exchange. We also touch on the humorous moments and challenges of long flights and post-travel recovery, including a funny Venmo exchange after a much-needed massage. Plus, hear critical insights from the Marsh CEO on industry innovation and the potential liability reinsurance crisis.

Lastly, we explore the transformative power of AI in the insurance industry and the specific nature of parametric insurance, particularly for earthquake and flood risks. Listen in as we discuss the challenges faced by Managing General Agents (MGAs) and the potential impact of the proposed Texas Stock Exchange. We also share our thoughts on the evolving landscape of jury verdicts and the future of reinsurance risks. Don't miss this engaging episode filled with professional wisdom and light-hearted anecdotes.

Timestamps

0:00 Introduction

1:48 Updates on the Amstedan Micromobility Conference

6:39 Today's wine: Marques de Caceres Reserva

12:39 Today's topics

13:57 Emerald Bay launching an Earthquake Insurance Facility

17:50 New Texas Stock Exchange

22:19 Marsh's CEO critizes the insurance industry for its lack of innovation

25:27 Will agents who use AI replace agents who don't?

28:35 Quiz: TRUE OR FALSE

29:35 Will there be a liability and reinsurance crisis in a couple years?

32:17 One funny story from Amsterdan

35:22 Recall of the week: fire hazard motors

Connect with RiskCellar:

Website: https://www.riskcellar.com/

Brandon Schuh:

Facebook: https://www.facebook.com/profile.php?id=61552710523314

LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/

Instagram: https://www.instagram.com/schuhpapa/

Nick Hartmann:

LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Unlock the mysteries of insurance investments and get a front-row seat to Warren Buffett's strategic moves with us, Brandon Schuh and Nick Hartmann, on the latest episode of RiskCeller. We're peeling back the curtain to reveal how Ascend is revolutionizing premium finance agreements, ensuring agents can stay ahead in the ever-accelerating insurance market. Not just that, you'll get a personal glimpse into our worlds outside the office, from the dance recitals that test my patience to Nick's adventures on the golf course, proving that work-life balance can be as intricate as the topics we discuss.

Grasp the subtleties of Buffett's latest chess plays as we scrutinize his increased stake in Chubb and what it means for the insurance landscape. You'll appreciate Berkshire Hathaway's unique position in the sector, armed with massive cash reserves and a strategic eye for long-term growth. Join the debate as we consider the implications of his shift from Apple and how current fire legislation could shape the industry's future.

Finally, brace yourself for a rollercoaster of a conversation that swings from the solid ground of factual science to the dizzying heights of speculative technology. We'll muse over the challenges of AI and appliance recalls while charting a course for truth in our digital age. As we gear up for the micromobility conference in Amsterdam, we ponder the symbiotic relationship between cutting-edge tech and human wisdom in risk assessment. Whether you're an insurance buff, a tech enthusiast, or just looking for a hearty discussion with a dash of humor, this episode promises insights and anecdotes in equal measure.

Timestamps

0:00 Intro: Ascend AD

3:15 Updates on the weekend

6:53 Today's wine: Portlandia 2001 Pinot Noir

10:14 Today's topics

11:12 Buffett's stake in Chubb

16:59 Legislation restricting lithium batteries in NY passed the House

23:22 Talking about InsurTech's and Swiss Re's withdrawal from iptiQ

27:22 Moody's forecast for insurance prices

30:42 Hurricane season's impact on the insurance world

32:47 True or False Quiz

39:37 Recall of the week: Electrolux refrigerator Frigidaire

Connect with RiskCellar:

Website: https://www.riskcellar.com/

Brandon Schuh:

Facebook: https://www.facebook.com/profile.php?id=61552710523314

LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/

Instagram: https://www.instagram.com/schuhpapa/

Nick Hartmann:

LinkedIn: https://www.linkedin.com/in/nickjhartmann/

We explore the transformative impact of Ascend's financial automation platform on the insurance industry. We reflect on the seamless integration of their technology in streamlining billing, collection, and accounting for retailers, particularly when managing down payments for premium financed accounts. The conversation takes a turn as we ponder the complexities of handling claim payments involving mortgage companies, considering how Ascend could potentially address this intricate issue. Throughout the discussion, personal anecdotes and light-hearted moments provide a human touch to the otherwise technical insurance talk.

In our lively chat, we delve into current insurance challenges, including the real-life implications of the Zoom class action lawsuit and the fading trend of the Houseparty app. We shift gears to discuss the serious issue of homeowners in Texas struggling to secure true replacement cost insurance coverage, revealing the gap between market values and coverage limits. Our discourse extends to the halted scrutiny of mortgage loans by Freddie and Fannie, and the debate surrounding insurance policies for aging roofs, enriching the conversation with personal experiences and thoughtful insights.

Rounding out our discussion, we share our appreciation for a beautiful Farina Valpolicella Rapasso wine, and how such simple pleasures interweave with family dynamics during a bike trip to the store. The episode also touches on the competitive spirit within our families and how our children handle the thrills of victory and the lessons of defeat. We wrap up with contemplations on economic volatility and the importance of resilience in the face of unpredictable events like the 2008 financial crisis and the COVID-19 pandemic, offering listeners a mix of personal reflections and broader economic considerations. Join us for this multifaceted conversation that bridges the nuances of insurance, family life, and the uncertain nature of our future economy.

Timestamps

00:00 Ascend AD

2:51.184 Intro

3:24.528 Updates on last week

9:24.625 Today's topics

11:55.180 Freddie and Fannie's plan to scrutinize mortgages

17:04.896 Shifts in the jury pool for nuclear verdicts

21:33.090 The 10 major risks in insurance today

24:37.147 (Today's wine:Tarina Valpoliccela Ripasso)

29:27.756 Should we get reacquainted with unprecedented economic shocks

33:41.264 The housing problem and high interest rates today

36:19.741 Lloyd's zoombombing case

38:38.891 Recall of the week: DR Power leaf blowers

40:59.177 Discussing Trump's trial for Stormy Daniels pay-off

43:35.612 New segment: true or false?

45:30.967 Insurance jokes

Connect with RiskCellar:

Website: https://www.riskcellar.com/

Brandon Schuh:

Facebook: https://www.facebook.com/profile.php?id=61552710523314

LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/

Instagram: https://www.instagram.com/schuhpapa/

Nick Hartmann:

LinkedIn: https://www.linkedin.com/in/nickjhartmann/

We dissect the complexities of non-compete and non-solicit agreements and how these contracts could be reshaped by recent FTC rulings. Discover how such constraints influence innovation, employee mobility, and wages across various industries, and hear firsthand accounts about the tricky nature of enforcing these legal bindings. We also examine the potential benefits and detriments of the FTC's proposed national ban on non-competes and its wider implications for the business world.

We've all heard the courtroom dramas, but what happens when those dramas spill into real life, affecting wages, innovation, and the freedom to switch jobs? That's what we're unpacking in this episode. From the medical device industry's laser-focused contracts to insurance's preference for non-solicit agreements, we dissect the potential impact of the FTC's proposed ban on non-competes. And hold onto your hats—we're diving into the litigious nature of these agreements, sharing frontline experiences from the trenches where business and law collide.

Finally, we don't just stop at contracts and courtrooms - we also tackle the significance of honest trade practices and supply chain transparency. The conversation turns to the repercussions of deceptive labeling, as seen in the recent Williams-Sonoma FTC fine, and the broader conversation about the value of American-made products. We explore the ethical, environmental, and economic factors that play into the manufacturing decisions of businesses and the ripple effect these choices have on our society. Tune in to Risk Seller for a full-bodied discussion that's as rich in legal expertise as it is in storytelling.

Timestamps

00:00 Introduction

3:47 Basketball and today's wine: Malbec Trivento Golden Reserve

8:49 Today's topics

10:27 Chubb's CEO Evan Greenberg picks on underwriting practices

14:07 Introducing Pam and her work

18:00 New FTC rule banning non-compete agreements nationwide

20:31 What is a noncompete agreement and who does it apply to?

23:49 Will the FTC rule affect judicial decisions?

26:51 How noncompete agreements affects low income and entry level jobs

31:19 Does the FTC ban lead to non-solicit banning as well?

39:32 Some issues with non-solicit for workers and clients

49:49 Solicitation agreements in California

53:52 What would change in the insurance industry if non-solicit was banned

56:08 Williams-Sonoma fined $3.1 million for false "Made in USA" claims

1:02:17 Recall of the week: Crossman Air Rifles

1:04:53 Ending

Connect with RiskCellar:

Website: https://www.riskcellar.com/

Pamela Abbate Dattilo:

LinkedIn: https://www.linkedin.com/in/pamela-abbate-dattilo-40740a17/

Brandon Schuh:

Facebook: https://www.facebook.com/profile.php?id=61552710523314

LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/

Instagram: https://www.instagram.com/schuhpapa/

Nick Hartmann:

LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Ever wondered how a glass of fine wine could be as intriguing as the evolution of the Lloyd's insurance market? Well, pull up a chair and join me as Justin Whitehead, the Casualty King from Howden, spills the beans. From his "slip boy" days to witnessing Lloyd’s remarkable turnaround via the Decile 10 initiative, Justin's journey is as rich and complex as a vintage Bordeaux. We'll traverse the social traditions of broking's past, the magnetic draw of Lloyd's for new talent, and the pivotal role of brokers and underwriters in meeting today's insurance challenges head-on.

Pour yourself a glass of the accessible yet delectable vintage we're discussing this episode and get comfortable. Our conversation takes an unexpected turn to the Japanese influence on the wine and whiskey markets, mirrored by cultural references like 'Drops of God'. But it's not all about the bouquet and body—there's an update on Lloyd's market health, the gravity of litigation finance on US jury verdicts, and how cloud seeding in Dubai could rain on the traditional insurance parade.

Finally, we take a road trip to the insurance battlegrounds of California—wildfires, litigation climates, and the recent deluge threatening to kindle future flames. We'll tackle the $345 million summary judgment rocking the industry and unbox the rise of standalone sexual abuse insurance products amidst a wave of litigation. It's a blend of lighthearted banter and earnest dialogue with Justin Whitehead that promises to be as enlightening as it is entertaining. Join us, and let's toast to the stories behind the policies and the people shaping the world of risk.

Timestamps

00:00 Introducing Justin Whitehead

5:18 How has Lloyds changed since the 80s

8:54 Today's wine: Chateau Vermont

14:10 Market update on Lloyds: great 2023 and plans for talent attraction

19:02 The importance of messaging in the insurance space

24:50 The problems with litigation financing today

31:10 Are the good numbers from 2023 sustainable moving forward?

37:26 The problem with California, Texas, and other insurance exclusions today

43:44 Claim of the week

46:47 Recall of the week: Intimidator

Connect with RiskCellar:

Website: https://www.riskcellar.com/

Brandon Schuh:

Facebook: https://www.facebook.com/profile.php?id=61552710523314

LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/

Instagram: https://www.instagram.com/schuhpapa/

Nick Hartmann:

LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Ever wondered how the high-speed evolution of digital communication is reshaping the way organizations convey their messages? Liz Sheets, a master of strategic communications and our Chief Growth Officer, brings her razor-sharp insights to this very topic. Join us for a riveting exploration of the complexities and challenges that come with keeping pace in a world where platforms like TikTok hold sway over advertising and public perception. We're peeling back the layers on targeting precision, the legal and societal impacts of social media, and how technological advancements are interwoven with our everyday experiences.

Diving headfirst into the deep end of artificial intelligence, we confront the anxiety surrounding AI in the insurance industry and beyond. Could these advances spell the end for certain job roles, or are they simply catalysts for a new era of human-machine symbiosis? ChatGPT makes a guest appearance in our discourse as we examine how AI can spark creativity and lend a helping hand, all while debating the irreplaceable value of human oversight and ingenuity. It's a conversation that balances the scales between the risks and rewards of a future brimming with AI potential.

Our wine selection for this episode is the Dubourdieu Liaison Sauvignon Blanc, a tantalizing blend of Sémillon and Sauvignon Blanc from the esteemed Bordeaux region in France. This wine emanates a captivating fusion of kiwi and white-fruit flavors, underscored by a tantalizing aroma reminiscent of honeysuckle, honey, and citrus. Its balanced acidity and dryness make for a memorable tasting experience, with subtle notes of pear, grapefruit, and grass dancing on the palate. Cheers to the artistry of Bordeaux winemaking!

Finally, we navigate the shifting sands of workplace dynamics, examining how remote work has morphed our ideas of productivity, culture, and generational preferences. From the unexpected eagerness of millennials to return to the office to the demands of managing family life alongside a career, this episode paints a vivid picture of the ever-changing corporate landscape. It's a heartfelt, eye-opening discussion, perfect for anyone with a stake in the future of work, culture, and connection in this brave new digital epoch.

Timestamps

1:19 Introducing Liz Sheets and what Tunheim does

4:27 Assessing the social media space and communications today with AI

10:38 Should we age gate social media?

15:07 How is AI disrupting jobs in communication and insurance

22:03 Did the hybrid work model win after Covid?

27:31 Generational differences regarding work models and how companies should approach it

36:57 Are clients dealing with more new and unanticipated risks today?

40:27 Ascend Ad

41:59 Today's wine: Dubourdieu Liaison Sauvignon Blanc

46:50 Update on Trump's bond case

47:24 Zurich Insurance stops underwriting new fossil fuel projects

48:16 Recall of the week: Black and Decker steamer

Connect with RiskCellar:

Website: https://www.riskcellar.com/

Brandon Schuh:

Facebook: https://www.facebook.com/profile.php?id=61552710523314

LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/

Instagram: https://www.instagram.com/schuhpapa/

Nick Hartmann:

LinkedIn: https://www.linkedin.com/in/nickjhartmann/