RiskCellar

Listen and learn on this weeks’ episode where Brandon Schuh and Nick Hartmann chat with Micah Salas about the producer playbook.

Queue the snazzy music - RiskCellar Episode 30 is here! "Producer Playbook" with Micah Salas We had a great time on this episode with Micah. Micah has been a great center of influence for young #insurance #producers today. There are some concerning trends with insurance producers (sales people) in the insurance space that I've noticed on social platforms. One of which is the gamification of a make believe sales culture; by virtue of LinkedIn-splaining the sales process. #Sales is not a numbers game. It's not... I don't care what you say. Sales is not something a monkey can do. Sales is not for #meatheads. Sales is not a #bro-culture. Therefore it doesn't deserve to be showcased as such. Many insurance personnel are on the platform describing their sales calls and how their prospects respond. Dumbing it down to a level where our brand is dissipating. Micah does the opposite. He's thoughtful. He's empathetic and he knows that an insurance advisor is on the top shelf of company advisors that a business owner should be speaking with FIRST. We appreciate the work he's doing for Christensen Group Insurance and for the insurance profession. We also chatted about - * Geico bailing on the Tesla #Cybertruck * Uber Eats arbitration with a driver * National Football League (NFL) concussion declines Thanks so much for tuning it. thanks to Ascend for our partnership thanks to Micme for edits thanks to my bald and brilliant cohost Nick Hartmann :) link in comments below.

Have a read at Brandon Schuh's newsletter - Insurance is Simple, Not Easy.

Tune in to this weeks' episode and enjoy some discussion on #insurance #brokerage #MandA.

🚨 **Micromobility Leaders: Don’t Miss This Must-Attend Webinar on October 3rd!** 🚨 Are you ready to tackle the **legal and insurance challenges** facing the micromobility industry? 🚴⚡ Join us on **October 3rd** for an exclusive Nilan Johnson Lewis PA** x **Christensen Group Insurance ** webinar where we’ll address critical trends and risks. Whether you’re an operator or manufacturer, this session will equip you to navigate the complexities and prepare for the road ahead. 🗓️ ** 💬 **What to Expect:**** 👉 **Startups** will face new pressures balancing **direct-to-consumer (D2C)** models and **fleet rental** strategies. We’ll break down how to handle tariffs, warranty issues, and remote repair infrastructure. 👉 **Claims and Litigation Trends** will continue to soar, with **battery-related incidents** leading the charge. 📈 Expect insights on how to protect your business as inflation, future care values, and new types of claims (bystanders & opportunistic claims) become more prominent. 👉 **Regulatory Demands** across states like New York and California and the increasing demands of city government. 👉 **Competitive Pressures** are ramping up. As market saturation and pricing wars squeeze margins, we’ll discuss how collaboration on safety standards can set you apart. 🔥 One key takeaway? You’ll learn how **proactive risk management** and **early-stage legal planning** can be your best defense as you navigate this rapidly evolving landscape. 📅 **Save the Date: October 3rd** 🕒 **Time:** 10am PT / 12pm CT 💻 **Location:** [ZOOM LINK BELOW] 🎤 panelist: Brandon Schuh David (DJ) Warden Kathleen Curtis and moderated by Luke Hopping Don’t miss this chance to future-proof your micromobility operations. **Register now** and be part of the conversation! 💡 #micromobility #webinar #riskmanagement #insurance #startups #legalstrategies

Watch our own Brandon Schuh on the upcoming Micromobility Industries webinar!

We're losing track of which episode number we're at - I believe it's #28. Take a listen to RiskCellar's latest; Nick Hartmann and I chatted with Mike Peregudov, one of the cofounders of Whizz. Mike and Whizz emerged in one of the hardest fundraising times, as immigrants, in #NewYorkCity. Not an easy feat! We asked Mike about how he did it, what it took, and where he sees the differentiation between Whizz and other #Micromobility companies. The Whizz story is a classic, inspiring, American Dream style one that is definitely not easily replicable. Nick and I also went through some of the headlines - including: * Ted Cruz trying to block the bipartisan #lithiumIon #Battery bill mandating that the #CPSC oversee the new battery standard. * New York Taxi and Limo companies are in Trouble due to one of the largest insurers of these vehicles (American Transit Insurance Co) going insolvent. Uber, Lyft and other rideshare companies rely on #ATIC at a rate of about 60%. Due to a lack of transparency with insureds and the marketplace, they no longer have enough money to cover reserves. *Forever chemicals found in latex condoms. *Jury Verdicts and #socialinflation is roaring with a bigger and bigger number of verdicts piercing $100M. We had fund with this espisode. Thanks for listening. And thanks to our partner Ascend and our editors Micme. links in comments below.

🚨 Looming Insurance Crisis Threatens NYC #Taxi and #Rideshare Industry 🚨 Eli Tan at the The New York Times wrote a great article on the American Transit Insurance Co scandal. As an insurance producer and mobility specialist in the shared mobility space, this latest development is alarming. American Transit, which insures over 60% of New York City's for-hire vehicles, is facing financial collapse. This situation threatens to pull thousands of taxis, Ubers, and Lyfts off the road, creating a potential mobility crisis in NYC. 🚖 🚗 Key Takeaways: Widespread Impact: With American Transit covering about 74,000 vehicles, their insolvency could immediately disrupt services, leaving many drivers and passengers stranded. Financial Fallout: The company reports a staggering $700 million in losses due to questionable practices and potential mismanagement. This raises concerns about how existing claims will be paid and the impact on future coverage. In effect, they have no ability to pay claims and have been using income from policies to repay claims... .kind of like a ponzi scheme. Industry Ripple Effect: This will continue to place pressure on #NEWYORK and the #NYC #TLC and the regulations that have made insurance purchasing super challenging - for instance - requiring admitted insurance for mobility operators - that takes a pool of about ten carriers and narrows it down to about three. And those three still don't like it... and I don't blame them. Need for Reform: This crisis highlights the urgency for regulatory reform and better oversight in the for-hire vehicle insurance space. There have been major concerns about #ATIC for years dating back to their loss of their #AMBEST rating and actuary reports that critiqued their reserving. This situation is a stark reminder of the challenges we face in the mobility and insurance sectors. As an industry, we need to focus on creating sustainable solutions to protect both drivers and passengers. We also need to work closer with regulators. There needs to be more awareness and synergies where the market capabilities align with the regulatory requirements. As of now, in New York, they don't. Link to article in comments - RiskCellar

Episode 26: Brains, Bleachers and Boats. Take a listen now. Make sure to subscribe, like, share and follow the RiskCellar 🚀 🚀🚀

🚨 Ever wonder what REAL risks are hiding in plain sight? 🚨 As the host of RiskCellar along with Nick Hartmann we are always diving deep into those uncomfortable conversations about what can go wrong — and this latest episode was no exception. We kicked things off by dissecting Peter Thiel's polarizing views on AI. Thiel, ever the disruptor, believes AI is both the future and a potential danger. While it's easy to get caught up in the buzz of technological progress, it really made me think: are we so focused on AI's possibilities that we're ignoring the serious risks hiding just beneath the surface? ⚡ Next up, we tackled a local story that hit hard: a bleacher collapse at a county fair in Texas that sent 12 people to the hospital. Here’s the kicker — the construction wasn’t properly engineered, and now they’re scrambling to see if insurance will even cover it. This isn’t just about shoddy workmanship; it’s about how often we underestimate the risks right in front of us. As someone who deals with risk management daily, this is a huge reminder that shortcuts in safety are never worth the gamble. It begs the question: how many other parts of our lives are built on assumptions, just waiting to crumble? And if that wasn’t enough, we dug into the shocking story of a $70 million superyacht that sank off the coast of Sicily, killing a tech billionaire and others on board. It’s not just the loss of life that hit hard; it's the legal and financial chaos that followed. We're talking about millions in insurance claims and liability. What fascinated me was how even someone at the top of the financial food chain isn’t immune to the unpredictability of life. It’s a reminder that no matter how much you plan, there are risks you simply can’t control. Of course, we couldn't have a conversation about risk without bringing AI back into the mix. We discussed how AI is reshaping not just industries but everyday life, from how we build to how we search for information. The potential is huge, but so are the risks. Are we ready for the wave of change that's already crashing down on us? More importantly, are we equipped to handle the unintended consequences of this brave new world? 🎙️Here’s the big takeaway: Whether it’s tech, infrastructure, or everyday life, risks are lurking everywhere. From AI to bleachers collapsing at small-town fairs, life is unpredictable — and the question I keep asking myself is: Are we really prepared? 👀 Thanks to our partner Ascend and Micme LINK IN COMMENTS #RiskManagement #TechTalk #AI #Leadership #Insurance #RiskCellar #PodcastHostLife #LifeIsRisk