Join us, Nick Hartman and Brandon Schuh, as we uncork the complex world of wine and spirits, tasting a bold Cabernet Sauvignon and discussing the rich heritage of peat in scotch production. We savor the nuances of dark berries, herbs, and chocolate in our Argentine Cabernet while reflecting on the environmental impact of peat and the intriguing process of its transformation. Our palates then brave the intense flavors of a 120 proof Isla scotch, rounding out our journey through the spirited world of fine alcohol.

Listen in as we navigate the ever-evolving insurance landscape, tackling everything from coral reef protection in the South Pacific to the challenge of soaring auto insurance rates. With a nod to the Lau Group islands' pioneering parametric insurance policy, we explore how insurers are adapting to a more granular risk management approach. Then, we switch gears to discuss the contentious issue of adverse verdict coverage and the broader economic implications of underinsured motorists. Plus, don't miss our take on the state of the reinsurance market and our critique of a questionable insurance savings article.

In the final leg of our episode, we discuss the insurance industry's allure as both an investment hedge and a career path, considering the impact of insurtech and algorithmic underwriting on traditional practices. Our conversation touches on everything from job growth to the whims of the Federal Reserve, the high stakes of the consumer discretionary sector, and the complex housing market dynamics post-COVID. Wrapping things up, we share our thoughts on the future of podcasting, with a side of humor from "Curb Your Enthusiasm," and reflect on personal anecdotes about keeping belongings safe in the dating world.

Timestamps

00:00 Today's wine: Cabernario #5 Cabernet Sauvignon

7:07 Today's topics

7:46 WTW's new parametric insurance protection for endangered coral reef systems and the granularization of the insurance industry

10:19 Talking about adverse verdict coverage as an example of individualized insurance

12:26 High auto insurance rates and lack of carriers accepting new business in personalized right now

18:21 Global reinsurance returns scenario: which sectors gave the most returns?

23:01 Algorithm underwriting: what is it good for and who does it favor?

30:29 Nick's hot take on coral reef insurance

31:44 Talking about Curb your Enthusiasm, and a hot take on dating

35:15 Smartlist podcast sold for 100 million, and the future of podcasting

38:01 Talking about bars and college life

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/