SECURA Insurance’s Post

It's been an action packed 6 and 1/2 years for me at AIS! Thanks Mike, Javier, Teena, Matt, Mark, Dylan, Patti, Megan, Marianna, and Heather. When I started working in Jan 2018, it was a soft market. Then a year before COVID hit, the D&O/EPLI market experienced the Me Too and Black Lives Matter movements. Between all the sex harassment and discrimination lawsuits, the D&O/EPLI market's premiums increased substantially (50%-100%), and, at renewal, limits were slashed, and retentions increased. During COVID, IAB E&O increased because the carriers thought the denials of business interruption/loss of income claims would be submitted by clients and would go after the IAB E&O, but 98% of the Courts ruled in favor of the carriers b/c there was no property damage to have the policy respond. Cyber (Privacy and network security) claims blew up during COVID. Employees working remotely did not have the security protocols in place (VPN, MFA, DR) to prevent a Hacker locking them up with ransomware and/or stealing PII and PHI. Hackers went after companies hard. The result was catastrophic re 50%-100%+ premium increases, lowering limits and increasing retentions. Today, professional, management and cyber premiums have leveled off. And, we see and hear from all the underwriters inviting us to lunch, requesting to schedule update meetings, and are playing nice-nice because they need business. It will be interesting to see where the cyber market goes in the next 1-2 years since ransomware claims frequency has decreased, yet the demands are on average $5M<+. #axisinsuranceservicesllc #hackers #cybercrime

The news is out, and I’m thrilled to share that I've been named a 2024 Definity CEO Award recipient! This award recognizes individuals and teams who have made a real impact on #TeamDefinity’s culture, business, brokers, customers, or community over the past year. This recognition is important to me because as a team we did the impossible mission by migrating our on-premises data platform to the modern state of the art Google Cloud Platform (GCP) in 10 months which is 50 % faster than industry average. The change impacted over 350+ business users, brokers, external vendors and regulators. With this migration, we are ready to fast track our journey for Generative AI and other business use cases. We are proud that this transformation change didn’t cause any impacts to business operations and no major incident post transformation. Thanks to our leadership, Quantiphi and team hard work, innovation and collaboration. We’ve achieved what many thought impossible. Here’s to breaking barriers and setting new standards of excellence.   #definity #teamwork #Innovation #quantiphi 

NNO is near and dear to my heart. What started as an excuse for the friends in my court to have a little party has turned into a large neighborhood event! The question often comes up about insurance - do you need extra or does your association's general liability policy cover it? Well...it depends. 😁 Read the blog post for more info and let me know if you have questions!

Protecting What Matters Most: Family Insurance 🏡👨👩👧👦 Life is an incredible journey filled with surprises, and your family's well-being is your top priority. That's where family insurance comes in – your safety net for the unexpected. ✅ Secure Your Family's Future ✅ Financial Peace of Mind ✅ Unwavering Support With family insurance, you're not just investing in policies; you're investing in moments, laughter, and shared dreams. Let's build a future where your loved ones are always covered and cared for. Contact us today to learn more. ❤️🤗 #FamilyInsurance #ProtectionForLife

Today’s featured family business is W.W. Smith Insurance Ltd, a longstanding pillar of the community. They are proudly commemorating their 110th anniversary. This family-owned business has been an integral part of Swift Current, providing insurance services to residents and businesses since 1913. Read the full story here: https://ow.ly/BkwG50PWWTa #familybusiness #familyenterprise #fambiz #localstory

📢 Exciting Announcement! 🎉 Our blog debut is here, shining a spotlight on the intense and overwhelming challenges faced by family-run insurance agencies. 🏢💼 [READ OUR BLOG] https://bit.ly/3NAHlIY Family-owned agencies are unique, blending personal touch, expertise, and continuity to serve their clients. But let's not forget the specific challenges they encounter along the way. 🤝 When it comes to family ownership, commitment, shared values, and an understanding of clients' needs form the foundation of enduring relationships. Our clients feel secure and loyal, knowing they are served by individuals who genuinely care about their well-being. ❤️ Here's a sneak peek at some of the challenges family-owned insurance agencies tackle: 🔹 Succession Planning and Leadership Transition: Ensuring a smooth transfer of knowledge and responsibilities across generations. 🔹 Balancing Family Dynamics and Professional Responsibilities: Navigating personal relationships while making objective business decisions. 🔹 Attracting and Retaining Talent: Competing with larger corporations for top-notch professionals. 🔹 Keeping Pace with Technological Advancements: Embracing emerging technologies to meet evolving customer expectations. 🔹 Managing Regulatory Compliance: Navigating complex regulatory frameworks to protect clients and maintain a stellar reputation. But that's not all! We have an exciting call to action for you. Introducing our freemium content, the "Family Contract"! 🤝✍️ We understand the importance of overcoming these challenges, and that's why we're committed to providing you with valuable insights. Stay tuned for our blog release, where we'll delve deeper into these topics and offer practical guidance for navigating the complexities of family-owned insurance agencies. Remember, careful planning, open communication, and adaptation are key to overcoming these challenges. You're not alone—we're here to support you every step of the way. Let's empower family-run insurance agencies together! 💪✨ #FamilyRunInsuranceAgencies #ChallengesAndSolutions #SuccessionPlanning #LeadershipTransition #InsuranceIndustry #FamilyBusiness #EmpoweringSuccess

Many thanks to Kelly Tighe, Daniel Buss, Amanda Kranz and the West Bend Mutual Insurance team for your continued partnership. Featured RMA Speaker Partner Ross Bernstein, CSP, CPAE shared what he has learned over the last 25 years of studying the DNA of championship teams. Ross enjoyed spending time with your amazing group and discussing how to create a culture of excellence. #RMA#RMAmagic#financialservicesconferences#financialservices #keynotespeaker#wholesalertraining#financialadvisortraining #motivational#inspirational

Lenox can help you protect the financial future of your employees – and your business - with an affordable employer-sponsored LTC insurance program. Learn more below.

Lenox can help you protect the financial future of your employees – and your business - with an affordable employer-sponsored LTC insurance program. Learn more below.

Get twice the coverage with our Adepa Family Plan! Double the sum insured means double the assistance. Get our comprehensive family insurance plan and secure your loved ones’ future today - ensuring you and everyone you love #GoodGotBetter #AdepaFamilyPlan #HollardLifeInsurance