IRMI Podcast

Unlocking Employee Benefits with Captive Insurance Oct 28, 2024

Jarid Beck of Risk Management Advisors joins Joel Appelbaum of IRMI to explore how businesses can unlock employee benefits through captive insurance. They discuss the increasing popularity of self-funded employee benefits in captives, driven by rising healthcare premiums and the desire for greater control over healthcare costs.

The conversation highlights key benefits of captive insurance, including cost transparency, flexibility, and long-term financial sustainability. Mr. Beck explains how businesses can mitigate risks using stop-loss coverage, wellness programs, and effective claims strategies. The episode also touches on how advancements in data and artificial intelligence are shaping the future of self-funding, providing streamlined solutions for both employers and employees.

Practice, Practice, Practice Recalls Oct 15, 2024

In this 11-minute Snap Talk episode, Marty Detmer, product recall and contamination/crisis management broker for Aon, expounds on some key factors that can increase the risk of product recalls and how to mitigate those risks. Mr. Detmer gave a fascinating presentation at the recent IRMI Emmett J Vaughan Agribusiness Conference in Des Moines, Iowa, on food recalls and why they're happening. Food recalls can be a nightmare. Discover what Aon has uncovered about steps you can take to help mitigate your food recall exposure.

Tune in now for valuable insights that every risk and insurance professional should know.

Reduction of Risk through Emerging Technologies Sep 18, 2024

Emerging technologies have the potential to change the safety and risk landscape of the construction industry. In this 13-minute episode of IRMI Podcast, Matt Nordaker of Marsh shares how the efficiencies of exponential technologies will enable safety and risk directors to focus on higher-level strategic initiatives as these technologies materialize.

Skyrocketing Price of Beef: Cause and Effect on Agriculture Sep 16, 2024

In this 11-minute Snap Talk episode, Bernt Nelson, economist at the American Farm Bureau Federation, breaks down the key factors behind the soaring beef prices—and why those increases aren't benefiting farmers and ranchers. Discover what the American Farm Bureau Federation has uncovered about this critical issue and its broader impact on the agriculture industry. Tune in now for valuable insights that every risk and insurance professional should know.

Navigating Captive Insurance: Custody, Collateral, and Regulatory Challenges Aug 27, 2024

In this podcast episode, Joel Appelbaum interviews Marty Ellis, leader of Comerica Bank's Global and Captive Insurance Group, discussing key aspects of custody and collateral in the captive insurance industry. Marty outlines the crucial role of custody accounts in holding financial assets for claims, and compares letters of credit with reinsurance trusts as collateral options, noting the former's investment flexibility and the latter's cost-effectiveness despite regulatory limitations. The conversation also addresses the impact of the recent Vesttoo scandal involving alleged fraudulent letters of credit, highlighting the need for greater vigilance and the adoption of secure systems like the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to mitigate fraud risks in the industry.

The Challenges and Opportunities in the Agricultural Industry Aug 19, 2024

In this 15-minute podcast episode, Nate Chance, senior territory manager for small commercial at Liberty Mutual Insurance, reflects on the impact of the unique challenges and opportunities present in the agricultural industry. Join IRMI Chief Content Officer Joel Appelbaum as he and Mr. Chance discuss the shift in societal perceptions of liability and responsibility, particularly regarding the increase in large verdicts. They refer to this shift as "legal system abuse" to better capture the current litigation environment, which is seeing a rise in external funding and aggressive attorney advertising and practices. Learn what Liberty Mutual, AgriCon Gold sponsor, considers to be opportunities presented during headwinds we face.

Decoding Insurer Collateral Obligations for Large Deductibles and Captive Reinsurance Aug 19, 2024

IRMI's Joel Appelbaum interviews Peter Johnson, chief actuary at Spring Consulting Group, about insurer collateral obligations for large deductible and captive reinsurance programs. They discuss how collateral protects insurers financially while enabling organizations to self-insure and reduce market premiums. Peter emphasizes the importance of actuarial expertise, detailing methodologies to calculate collateral requirements and the need for accurate loss development patterns and reserve analyses. The conversation includes case studies showing how to reduce collateral obligations by challenging industry assumptions and using company-specific data. It also covers managing loss development over time, especially for long-tail lines such as workers compensation.

Crazy Confidence Aug 13, 2024

Don't let lack of confidence hold you back. In this 14-minute episode, Abi Potter Clough, CEO of AbiLeads, outlines steps you can take to build self-confidence and take ownership of your personal brand.

Vermont's Risk-Focused Approach to Captive Insurance Regulation Aug 09, 2024

In this episode of the IRMI Podcast, Joel Appelbaum sits down with Sandy Bigglestone, deputy commissioner of captive insurance, and Dan Petterson, director of financial examinations, from the Vermont Department of Financial Regulation. The conversation dives into Vermont's innovative, risk-focused approach to captive insurance regulation. Sandy and Dan share how their team conducts personalized, in-depth reviews for each domiciled company, engaging directly with executives to understand their strategies and ensure their success. This hands-on approach not only boosts Vermont's regulatory efficiency but also offers crucial insights for business plan changes, making it a model for effective regulation in the industry.

Navigating Captive Insurance for Public Entities and Public Risk Pools Aug 08, 2024

In this IRMI Podcast episode, Joel Appelbaum welcomes Danny Linton, a senior consulting actuary with Pinnacle Actuarial Resources. The discussion delves into the rise of captive insurance for public entities and public entity risk pools, with Mr. Linton predicting significant growth in captive formations over the coming years as these entities seek to diversify their risk management strategies. Among other aspects, the episode examines how captive insurance can offer greater flexibility and cost savings in addressing specific risks unique to public entities.

Large Agricultural and Food Processing Claim Handling Jul 15, 2024

This podcast episode is a 9-minute Snap Talk presented by Trent Gillette, US agriculture director, and Greg Brown, executive loss accountant, both of McLarens. Mr. Gillette and Mr. Brown preview their presentation on the intricacies of handling large agricultural and food processing claims, upcoming at the 2024 IRMI Emmett J Vaughan Agribusiness Conference in Des Moines (IRMI AgriCon Central).

Be sure to check out the other agribusiness resources that IRMI has to offer!

The Financial Flow of Water Mitigation Jun 17, 2024

Water damage on a construction project results in remediation costs, delays in schedule, and sometimes litigation. In this 11-minute episode of IRMI Podcast, Yaron Dycian of WINT Water Intelligence shares insights into the use of technology to mitigate water damage and water waste in commercial building projects. With some insurers requiring larger deductibles, these savings may directly impact the contractor's bottom line.

ATV and UTV Safety Jun 17, 2024

Nationwide Staff Operations Director Sarah Onnen joins IRMI Chief Content Officer Joel Appelbaum in this 12-minute podcast episode, which highlights Nationwide's important new safety program for all-terrain vehicles (ATVs) and utility terrain vehicles (UTVs). Listen to learn the difference between these two vehicles and why IRMI Emmett J Vaughan Agribusiness Conference Grand Conference Sponsor Nationwide continuously advocates for the safety of its policyholders.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Transforming Risk Transfer: Parametric 144A Cat Bonds in Captive Insurance and Market Innovations May 28, 2024

In this podcast episode, Dr. Marcus Schmalbach, a specialist in parametric risk trading and CEO of RYSKEX, joins Joel Appelbaum of IRMI and Captive.com to explore the evolving landscape of the captive insurance industry, parametric risk trading, and the emergence of parametric 144A catastrophe (cat) bonds.

Dr. Schmalbach sheds light on recent market innovations and their implications for the insurance and capital markets, including the key features and achievements of the Beazley and Lloyd's London Bridge 2 deal as well as the significance of Swiss Re's industry-loss-triggered cyber-catastrophe bond.

The Proper Classification of Building Construction for Property Insurance May 20, 2024

This podcast episode is a 10-minute Snap Talk presented by Carl Morello, an IRMI Emmett J Vaughan Agribusiness Conference (AgriCon) favorite speaker who serves as telematics program administrator for GraniteRock. Mr. Morello previews an important AgriCon Agent Roundtable topic highlighting proper classification of building construction for farm properties. If you missed this important discussion among agents at the 2024 IRMI AgriCon West held in San Mateo, California, you've got another chance to be a part of the discussion. Join us for 2024 IRMI AgriCon Central September 9–11 in Des Moines, Iowa; registration is still open!

Be sure to check out the other agribusiness resources that IRMI has to offer!

Bringing Down Silos in Safety Management May 15, 2024

In this 16-minute episode, Tricia Kagerer of Jordan Foster Construction describes how future-oriented contractors are tearing down silos and uniting around total human health by merging their efforts in risk management, safety, leadership, diversity/equity/inclusion, and overall well-being.

Navigating Tennessee's Captive Insurance Landscape May 08, 2024

In a recent IRMI Podcast episode, host Joel Appelbaum, chief content officer at IRMI and Captive.com, and guest Carter Lawrence, commissioner of the Tennessee Department of Commerce and Insurance, delve into the history, regulations, and future outlook of captive insurance in Tennessee. Commissioner Lawrence highlights Tennessee's emergence as a prominent captive insurance domicile since the overhaul of its captive insurance laws in 2011 and discusses challenges and trends facing the captive insurance industry, both nationally and within Tennessee.

Navigating the AI Revolution in Captive Insurance: Shaping the Future of Information Apr 24, 2024

In this podcast episode, Mike Maglaras of Michael Maglaras & Company joins Joel Appelbaum of IRMI and Captive.com to explore the intersection of captive insurance and artificial intelligence (AI). They discuss how AI is transforming the insurance sector, from helping underwriters collect Web data and evaluate risks to interpreting regulations and enhancing claims adjustment with predictive technology. Mr. Maglaras highlights the critical need for the industry to embrace AI to adapt policies and manage new risks effectively. Tune in to learn why this shift is essential and will change the future of insurance.

Keys to Avoiding Catastrophic Fleet Verdicts Apr 17, 2024

"Nuclear" verdicts have put intense strain on contractors and their insurance companies, and vehicle accidents are a common source of these claims. Contractors must be diligent in following best practices to reduce fleet-related losses. In this 15-minute episode of IRMI Podcast, Carl Heinlein of ACIG shares 5 keys to reducing the potential for a catastrophic verdict.

Charting Paths: Women in Financial Services and Captive Insurance Apr 08, 2024

In this insightful podcast conversation, strategic investment expert Anjanette Fowler shares her journey into the financial services industry. Starting as a mail runner and becoming a specialist in financial and investment advice for alternative risk clients, she found her way into the industry through a surprising question about softball skills.

As a current managing director at PNC Financial Services, with a career spanning over 30 years, she discusses the evolving professional landscape for women, emphasizing the importance of stepping out of comfort zones and building supportive networks. Anjanette highlights initiatives like the Captive Insurance Companies Association's Amplify Women group, focusing on networking, education, and inclusion to support diversity in the industry. Her advice for women and other aspiring professionals in the captive insurance industry is simple yet profound: be authentic to yourself, as the industry values diverse perspectives and contributions.

Marnye Langer Talks Horses Mar 25, 2024

This podcast episode is a 10-minute SnapTalk presented by Marnye Langer, president and CEO of The Langer Group, which specializes in all aspects of the equestrian industry including insurance. Ms. Langer previews "Trends in the Equine Market," her session at the 2024 IRMI Emmett J Vaughan Agribusiness Conference (AgriCon) events. Ms. Langer provides important insight into why it's critical that agents and underwriters alike understand the exposures and complexities a commercial equine risk entails. If you missed this terrific presentation at the 2024 IRMI AgriCon West held recently in San Mateo, California, you've got another chance to be a part of the discussion. Join us for 2024 IRMI AgriCon Central September 9–11 in Des Moines, Iowa; registration is still open!

Be sure to check out the other agribusiness resources that IRMI has to offer!

From Tragedy to Hope: Changing Lives One Kid at a Time Mar 18, 2024

A workplace fatality happens every 96 minutes in the United States. These events have a life-shattering impact on a worker's family. Since 1988, Kids' Chance has provided hope for more than 10,000 children of workers who suffered a serious injury or fatality by providing scholarships that help them pursue their dreams. In this 23-minute episode, learn about this inspiring organization's mission and hear from a Kids' Chance scholar about how the help provided changed the trajectory of her life.

Please share this episode with your colleagues and employers and visit the Kids' Chance website to help raise awareness of this vital resource.

Learn More about Kids' Chance | Kids' Chance of America (kidschance.org)

Agriculture and Food Recall Feb 19, 2024

This podcast episode is a 12-minute Snap Talk presented by Bernie Steves, managing director and global head of crisis management at Aon. Mr. Steves previews "Why Recalls Are Increasing and How To Mitigate Recall Exposure," his session at the two upcoming 2024 IRMI Emmett J Vaughan Agribusiness Conference (AgriCon) events. Mr. Steves provides compelling insight into why food recall is among the top industry risk concerns within the agricultural business.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Captive-Centric Risk Management: An In-Depth Conversation Feb 19, 2024

In this podcast episode, Joel Appelbaum, chief content officer for IRMI and Captive.com, welcomes Anne Marie Towle, CEO of Global Risk and Captive Solutions at Hylant. With over 30 years of expertise in captive insurance and risk management, Anne Marie shares valuable insights on adopting a captive-centric approach to risk management.

The episode highlights the pivotal role captives play in strategic decision-making and underscores their growing significance in the ever-evolving landscape of risk management. The episode discusses the dynamic nature of risk philosophy, and Anne Marie emphasizes the importance of aligning with industry experts and continuously evaluating risk appetite. She illustrates a success story where a large organization optimized multiple captives to enhance risk management protocols, streamline processes, and support safety initiatives.

The ABCs of Scopes 1, 2, and 3 Feb 14, 2024

Sustainable construction requires an understanding of the factors driving the need to focus on greenhouse gas emissions—expressed as Scopes 1, 2, and 3. In this 10-minute podcast episode, Cheri Hanes of AXA XL examines the meaning of Scopes 1, 2, and 3 and provides construction-specific examples and challenges of each.

Navigating the European Captive Insurance Market Feb 12, 2024

In this podcast episode, captive expert Derek Bridgeman, managing director at Strategic Risk Solutions (SRS) Europe, explores the factors driving captive growth in Europe, including the hardening of primary markets, increased interest in captive insurance, and regulatory changes.

He also discusses the challenges and advantages of captive structures, underscoring their significance in incubating and understanding risks. Additionally, he provides insights into the future trends of captives in Europe, foreseeing sustained growth, increased demand for consulting services, and potential innovations in captive management.

How Captive Insurers Use Reinsurance and Risk Pooling Feb 02, 2024

In this insightful podcast episode, legal experts Bruce Wright and Saren Goldner from Eversheds Sutherland explore how captive insurers utilize reinsurance and risk pooling. The duo unravels the nuanced nature of reinsurance transactions, emphasizing the diversity of approaches and debunking the one-size-fits-all myth. The conversation extends to the impact of regulatory requirements on captives and their reinsurance activities, offering practical examples to illustrate potential challenges. Listeners gain a primer on key distinctions in assuming versus ceding risk, as well as indemnity reinsurance versus assumption reinsurance. The discussion also explores the relationship between reinsurance and risk pooling, highlighting the benefits for captives. The episode concludes with an examination of 10 crucial aspects for captive risk pools to consider in navigating the regulatory landscape, providing a comprehensive guide for those involved in captive insurance.

Agriculture and the Captive Arena Dec 18, 2023

This podcast episode is an 11-minute SnapTalk presented by John Talley, president of TAL Consulting. Mr. Talley, former captive program manager for the Missouri Department of Commerce and Insurance, previews "Captive Insurance in the Farming Industry," his session at the two upcoming 2024 IRMI Emmett J Vaughan Agribusiness Conference (AgriCon) events. Mr. Talley provides a great example of agricultural application of captive insurance for a sneak preview into some of the insight you will gain at IRMI AgriCon 2024.

Be sure to check out the other agribusiness resources that IRMI has to offer!

The Unique Benefits of Group Captive Ownership Dec 12, 2023

In this insightful podcast episode, Jim DeWulf of Captive Resources guides us through key strategic moves to shift liabilities off member balance sheets and gain significant cost savings for the captive through the consolidation of incurred but not reported claim liabilities and enhanced purchasing power.

Listeners will be skillfully led through the world of group captives, and the invaluable benefits that owner control brings to organizations will be illuminated. Mr. DeWulf navigates through the coverage challenges faced by group captives and reveals how harnessing purchasing power can lead to premium savings, predictability, and cost smoothing.

Delving into intricate concepts such as heterogeneous and homogeneous group captives, member ownership, common shareholder, preferred shareholder, commutations, novations, and internal tail funds, Mr. DeWulf explains how the latter three can effectively be used to close open policy years.

The 2023 Farm Bill Nov 27, 2023

This podcast episode is a 15-minute Snap Talk presented by Casey Roberts of Laurus Insurance Consulting. Mr. Roberts, an IRMI Emmett J Vaughan Agribusiness Conference (AgriCon) favorite speaker, previews "The 2023 Farm Bill," his session at the two upcoming 2024 AgriCon events. He explains the history of farm bills and their transformative power on the agricultural community and will whet your appetite to learn more.

Be sure to check out the other agribusiness resources that IRMI has to offer!

What Does the Dobbs Decision Have To Do with Captive Insurance? Nov 10, 2023

How does the US Supreme Court's ruling in Dobbs v. Jackson Women's Health Organization intersect with captive insurance? With most healthcare facilities in the United States operating their own captive insurance entities to cover the majority of healthcare providers, this decision necessitates that captive insurance policies for medical liability now include provisions for criminal defense and safeguard healthcare providers involved in legally performed abortion procedures. Captive insurance is a proactive solution for this deep and profound risk, filling the void where traditional markets hesitate to participate. In this 21-minute podcast episode, join us for an engaging conversation with the distinguished innovator and forward-thinking problem solver, Michael Maglaras, as he simplifies this intricate subject, making it accessible and comprehensible.

Unlocking Captive Insurance: Tailored Solutions and Expert Insights Nov 06, 2023

This podcast offers businesses a road map to curating tailored insurance solutions through captive insurance. Moreover, gain exclusive insights into navigating the regulatory landscapes of captive insurance in the United Kingdom and Europe.

Join us and harness the full potential of your captive insurance strategy. Contrary to a common misconception, captive insurance isn't a one-size-fits-all solution. Andy Hulme, a seasoned leader at Strategic Risk Solutions, imparts intriguing perspectives gained from his dynamic insurance career, shedding light into the challenges and misconceptions surrounding captive insurance.

2024 IRMI AgriCon Ethics Teaser Oct 16, 2023

This 11-minute Snap Talk is presented by Elise Farnham, president of Illumine Consulting and an IRMI Emmett J Vaughan Agribusiness Conference (AgriCon) favorite speaker. Ms. Farnham provides an ethics teaser previewing what is in store for the two 2024 IRMI AgriCons. State-mandated, approved continuing education (CE) ethics courses can be hard to fit into a busy schedule. Learn how attending Ms. Farnham's ethics courses at the 2024 IRMI AgriCons will satisfy your CE needs, including the new California ethics CE requirements.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Innovation Is the New Risk Management Sep 20, 2023

It took nearly 2 decades to achieve cultural buy-in of risk management as a core business function and to start sharing best practices at the industry level. Construction innovation is following a similar trajectory as more companies realize that innovation has massive potential to improve business outcomes, yet few common best practices have been established and contractors struggle to create a road map for innovation with a proven return on investment.

Brandon Keller Talks Farm Mutuals! Sep 18, 2023

In this 12-minute podcast episode, you will learn about farm mutual insurance. Our guest, Brandon Keller, president and CEO of Germania Insurance, discusses the history and function of farm mutuals. Tune in to hear how farm mutuals play a vital role in protecting the rural insurance market.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Captive Insurance around the World: Moves in Latin America Sep 14, 2023

Discover why there's explosive growth in captive insurance in Latin America (LATAM). In this captivating episode (no pun intended), join Luis Delgado, a leading expert at Strategic Risk Solutions, as he unveils the reason for the sharp rise of captive insurance formations in the dynamic LATAM region. Luis discusses what type of LATAM organizations are forming captives, where and how they are being formed, and some challenges they face.

Mitigate Risk by Empowering Field Leadership Aug 15, 2023

Somewhere along the way, the construction industry lost sight of the vital role field leaders play in avoiding and mitigating project risks. In this 11-minute episode, Tricia Kagerer shares how top-down hierarchical structures can silence the voice of the field workers, and she provides tips for empowering and developing the future generation of field leaders.

Sam Talks AgriCon! Aug 14, 2023

In this 11-minute podcast episode, Sam Bennett, shareholder of the Harrison Agency, Inc., and IRMI Emmett J Vaughan Agribusiness Conference (AgriCon) Advisory Board member, discusses the rich history of AgriCon and the personal value it has brought to his life and work. When Sam teaches the Agribusiness and Farm Insurance Specialist classes at AgriCon, he's not just reading words; he's imparting knowledge he lives every day.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Quiet Quitting and Acting Your Wage Jul 24, 2023

Some companies do the bare minimum for their employees and they are getting back just that, the minimum. As they say, you get what you pay for and the current workforce isn't willing to be an active participant in their own exploitation. In this episode, Soledad Torres of Bernards defines what "quiet quitting" is, what causes it, and how to navigate this emerging reality.

A Constant Roller-Coaster Jul 17, 2023

In this 22-minute podcast episode, William Dessert, Transportation and Agribusiness Practice leader at Arroyo Insurance Services, discusses the importance of enhancing your craft and why further education can help you be successful in insurance. If you are considering a career in insurance brokerage, you should listen to William's story about the roller-coaster ride to success.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Captives Weather Insurance Market Cycles Jul 10, 2023

IRMI's latest 29-minute podcast episode features Matthew Queen, author of Modern Captive Insurance, discussing how to use captive insurance to manage insurance market cycles. The Queen Firm, LLC, is a law firm providing captive insurance consulting services. In this podcast episode, you will learn from Matthew's deep experience how captive insurance companies can function as a risk management tool, and why captive insurance might not be right for everyone.

Continuing Education and Professional Credibility Jun 19, 2023

In this 22-minute podcast episode, Rudy Rudolph, farm and ranch territory manager of State Auto Insurance Companies, discusses the importance of continuing education and professional credibility.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Using Safety as a Prequalification Metric Jun 12, 2023

Prequalification of contractors is an essential risk management tool, and safety is an important consideration in that process. In this episode, Philip Casto of HUB International outlines which safety metrics are appropriate for prequalification, and how to create a scoring system that accurately reflects a contractor safety profile.

The Power of Battery Energy Storage Systems May 16, 2023

Battery energy storage systems (BESS) are a growing coverage concern. Power utilities are using them to balance the power grid, and these systems are also increasingly being used by commercial entities to harness energy from renewable sources and store that energy for future use. BESS technology enables commercial, industrial, and even consumer entities to create a source of backup power, reduce demand on the grid, and improve power capacity and quality. As adoption grows, you might be shocked by some of the coverage challenges our experts from The Hartford share in this 20-minute podcast episode. 

Risk Management and Farming May 15, 2023

In this 9-minute podcast episode, Laramie Sandquist, AVP of risk management, Nationwide Agribusiness, reflects on the impact on the farm landscape caused by climate activity, labor shortages, social inflation, and more.

Settle in for this podcast episode, hosted by IRMI Chief Content Officer Joel Appelbaum, as Mr. Sandquist advises that even with the headwinds we are facing, there are opportunities for risk management on the farm.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Supply Chain Risk Impacts Just-in-Time Products in Agriculture Apr 17, 2023

In this 21-minute Snap Talk, Elizabeth Morrison, attorney at law, Hall Booth Smith, shares supply chain risk management wisdom for agriculture and other industries and her unique views as a transportation lawyer from the foothills of North Carolina with IRMI Chief Content Officer Joel Appelbaum.

The agriculture/transportation crossover also occurs at the legal level. Settle in for this podcast episode as Ms. Morrison provides pertinent examples of this intersection of supply chain risks and how to mitigate them in your industry.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Construction Delay Analysis and Disputes Apr 17, 2023

Construction delays often result in some of the more complicated claims and often require some form of delay analysis as part of a proof of loss. Demonstrating delay can be one of the, if not the most contentious, parts of a construction claim. In this podcast episode, Michael Oliveri of Liberty Mutual outlines the three most common pitfalls contractors face when managing a delay claim and how to avoid them.

Janis Highley Talks Calls, Puts, and Futures Mar 20, 2023

In this 14-minute Snap Talk, Janis Highley, district education and outreach coordinator for Indiana Farm Bureau, Inc., talks calls, puts, and futures with IRMI Chief Content Officer Joel Appelbaum.

How can farmers use hedging to make themselves financially whole? Settle in for this podcast episode as Ms. Highley explains in plain language this interaction of calls, puts, and futures.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Managing Merger and Acquisition Risks Mar 13, 2023

In this 12-minute podcast episode, Emily Glanz of Cottingham & Butler outlines how representations and warranties insurance can help mitigate the impact of merger or acquisition transactional risks and provide a viable alternative to escrow.

Introduction to Captives Mar 09, 2023

Captive insurance can be confusing at times. However, a captive can be a great addition to the tool belt of farmers and ranchers. Captive insurance is gaining popularity in the agribusiness world as insurance industry professionals continue to explore the many applications possible.

In this podcast episode, Prabal Lakhanpal, vice president, Spring Consulting Group, explains in a Snap Talk the basics of captive insurance and why a captive may be the right solution for your client.

COVID Loss and Claims Handling Feb 20, 2023

This 11-minute 2022 IRMI Emmett J Vaughan Agribusiness Conference SnapTalk is presented by Chantal Roberts, president of CMR Consulting. There is no "one-size-fits-all" claim, as we know, and that is certainly true of COVID claims. Listen to learn how adjusting COVID claims is not only different from other claims but is different from early COVID claims adjusting as well.

Harnessing the Power of Real-Time Data Jan 16, 2023

In this 16-minute episode of IRMI Podcast, Kevin Miranda, president of MAC Safety and founder of MAC Intelligence, discusses how safety and risk data can be leveraged into actionable items by harnessing the power of data. By performing quantitative analysis in real time, contractors can identify and correct risk factors by putting data in the hands of the person who needs it, at the time it's needed.

Underwriting—Why It’s Important Jan 09, 2023

This 14-minute podcast episode reminds us of how critical proper underwriting is and the dangers of underestimating its importance. Listen to learn how correctly assessing the amount of risk you present to a potential insurer will improve everyone's results.

This was originally a Snap Talk given by Robin Souza, director of farm and ranch with Bascule Insurance Services and longtime favorite Agribusiness and Farm Insurance Specialist course instructor for the IRMI Emmett J Vaughan Agribusiness Conference.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Birds Eating Your Profits? Dec 12, 2022

In this 13-minute podcast episode, IRMI Chief Content Officer Joel Appelbaum and wildlife biologist for Migratory Bird Management Vanessa Williams discuss the implications to farmers of migratory birds. Ms. Williams shares how Migratory Bird Management performs wildlife mitigation to keep birds away from runways, so planes don't strike them. But there are also significant agricultural implications for wildlife management. Learn about this highly interesting risk management technique that impacts the agricultural industry.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Impediments to Perception Nov 07, 2022

In this 7-minute Snap Talk from the 2022 IRMI Emmett J Vaughan Agribusiness Conference, Elise Farnham, president of Illumine Consulting, reveals how impediments to perception affect our decision-making. Listen to learn how our decision-making may be hindered by confirmation, normalcy, or other biases.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Autonomous Driving Oct 10, 2022

In this 12-minute podcast episode, Carl Morello, safety and risk management expert, shares how electric vehicles are no longer the future but are instead a concrete reality. Listen to this Snap Talk from the 2022 IRMI Emmett J Vaughan Agribusiness Conference to learn how systems associated with autonomous vehicles could result in improved workers compensation claims experience.

Be sure to check out the other agribusiness resources that IRMI has to offer!

A Look at the High Complexity of Agricultural Food Processing Claims Sep 12, 2022

In this 23-minute podcast episode, Trent Gillette, McLarens US agriculture director, shares interesting stories about what can go wrong in a food processing plant. Properly handling these claims entails exact understanding of the risks and exposures of not just the processing plant but also the supply chain effects on farmers and ranchers with time-sensitive processing needs as well as all the downstream effects. Learn how knowledge specialization impacts a successful claim resolution and what you can do to minimize the risks in this sector.

Be sure to check out the other agribusiness resources that IRMI has to offer!

A Look at the 2022 ISO Homeowners 3 Revisions Aug 15, 2022

In this 15-minute podcast episode, Rob Olson, senior research analyst at IRMI, explores the recent changes in the Insurance Services Office, Inc. (ISO), Homeowners 3—Special Form (HO 3). As we know, most farms in the United States are small. Many farmers and ranchers have homeowners policies. Learn how ISO is updating coverage in one of its most popular forms to reflect the current times, such as the new "home-sharing host activities" definition.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Business Resiliency and the Construction Workforce Aug 12, 2022

In this 12-minute podcast episode, Gary Clevenger of CNA provides tips for updating your business strategies and plans to include continuity of workforce considerations. Learn how to identify and minimize workforce distractions and stressors and their impact on worker longevity and project success.

Agricultural Risks in Texas Jul 18, 2022

In this 9-minute Snap Talk from the 2022 IRMI Emmett J Vaughan Agribusiness Conference, Albert Betts, executive director, Insurance Council of Texas, discusses the bevy of risks Texas farmers face. With heat waves, droughts, flooding, tornadoes, and even earthquakes, the Texas landscape is not for the faint of heart.

Breaking the Bro Code Jul 18, 2022

In this 15-minute podcast episode, Tricia Kagerer, executive vice president of risk management at Jordan Foster Construction, outlines invisible barriers that prevent women and other historically disadvantaged groups from reaching maximum potential in male-dominated industries and provides tools that can help overcome internal and external constraints to succeed in C-suite roles.

Parametric Insurance—A Deeper Dive Jun 20, 2022

In this podcast episode, Colin Harper, senior business developer for Descartes Insurance Solutions Agency, Inc., explores the new generation of parametric insurance and whether it could one day replace traditional insurance.

Hosted by IRMI Chief Content Officer Joel Appelbaum and based on Mr. Harper's 2022 IRMI Emmett J Vaughan Agribusiness Conference presentation titled "Frost: A Chilling Peril," the 20-minute podcast episode educates on how parametrics can offer clients solutions that the traditional market cannot.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Rethinking LEED Awards for Projects with Fatalities Jun 13, 2022

In this 15-minute episode, TJ Lyons explores a disconnect in awarding Leadership in Energy and Environmental Design (LEED) certification—recognizing best-in-class design and construction—on a project where men or women died building these marvels. This issue warrants an uncomfortable but long-overdue conversation on what "best in class" really means.

Getting Traction in Technology Adoption May 18, 2022

In this 12-minute episode of the IRMI Podcast, Rose Hall, vice president and head of construction innovation at AXA XL, outlines some common obstacles in developing a technology strategy in construction companies, as well as five keys to accelerating technology adoption that will produce better business results.

Agricultural Claims: Theory versus Reality May 16, 2022

This informative podcast episode, a Snap Talk from the 2022 IRMI Emmett J Vaughan Agribusiness Conference (AgriCon), dispels practices such as inspecting your insured's property once a year because once a year may be too late! Instead, learn about agricultural claim realities from Richard Villanueva, vice president, The Greenspan Co., a 2022 AgriCon Silver Sponsor.

Be sure to check out the other agribusiness resources that IRMI offers!

A Brief Discussion of Nuclear Verdicts and Social Inflation Apr 20, 2022

The effects of social inflation and nuclear verdicts on the insurance industry can be challenging. This 17-minute podcast episode, a Snap Talk from the 2022 IRMI Emmett J Vaughan Agribusiness Conference, is presented by Laura M. Gregory, partner at Sloane and Walsh LLP. Ms. Gregory highlights cases that display the ripple effect of social inflation and nuclear verdicts on our industry.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Freezing the Facts Apr 18, 2022

In this 12-minute episode of the IRMI Podcast, Nick Thompson, assistant vice president and construction vertical leader at Cottingham & Butler, outlines how to preserve evidence following an accident that results in a worker injury. Learn how to "freeze the facts" and put your organization in the best position if a claim goes off the rails.

Ag InsurTech 2.0 with Hugh Burgess Mar 21, 2022

In this 21-minute episode of IRMI Podcast, Hugh Burgess, Accelerant Holdings US chief underwriting officer, and Joel Appelbaum, IRMI chief content officer, offer insight on how InsurTech is impacting agribusiness. Mr. Burgess and Mr. Appelbaum recorded the very first IRMI Ag Podcast episode at the 2019 IRMI Emmett J Vaughan Agribusiness Conference (AgriCon). In this episode, recorded live at the 2022 AgriCon, you'll hear the two industry leaders discuss how InsurTech has evolved since that inaugural podcast.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Insurance Brokers and Construction Contract Review Mar 14, 2022

In this 15-minute episode of the IRMI Podcast, Alexis Bradshaw, senior vice president at Marsh, outlines best practices for reviewing construction contracts for contractor clients. Hear tips for offering meaningful review of both incoming and outgoing contract insurance requirements while also setting appropriate boundaries on review scope.

Facilitating the Sale and Redevelopment of Contaminated Properties Feb 14, 2022

In this 13-minute episode of the IRMI Podcast, Jared Dubrowsky, vice president of the environmental practice at NFP, outlines how environmental insurance can be effectively utilized to facilitate the sale and redevelopment of contaminated properties and provides tips for ensuring the policies work as intended.

Proper Building Valuation Feb 11, 2022

In this 16-minute episode, safety and risk management expert Carl Morello examines how proper building valuation can mitigate headaches when your insured has a property damage claim. Sign up to attend Mr. Morello's presentations at the 2022 IRMI Emmett J Vaughan Agribusiness Conference, scheduled for March 7–8 in Sacramento, California, and online, and leave better equipped to exceed expectations at your job.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Progressive Design-Build Jan 19, 2022

In this 18-minute episode of IRMI Podcast, David Pacifici of Berkley Construction Professional examines how progressive design-build can mitigate the squeeze on contractor profit when gross maximum price and a fixed schedule are included on design-build projects.

Are You Ethically Blind? Jan 17, 2022

In this thought-provoking podcast episode, Rob Olson, 2022 IRMI Emmett J Vaughan Agribusiness Conference (AgriCon) presenter, explores some ethical questions and challenges for insurance and risk management professionals. Mr. Olson is an IRMI senior research analyst who also occasionally writes for the CPCU Society publications. In this 14-minute episode, Mr. Olson discusses how almost any activity we engage in, including common dilemmas in the agricultural risk world, involves ethics.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Proactively Managing Your Product Recall Dec 20, 2021

Although food recalls protect the public from products that may cause illness or injuries, they can be a nightmare for your client. This podcast episode, a Snap Talk from the 2021 IRMI Emmett J Vaughan Agribusiness Conference, is presented by Bernie Steves, managing director and practice leader for Aon's Crisis Management Team. In this 18-minute Snap Talk, Mr. Steves discusses the many types and causes of product recalls, including undeclared allergens, which account for almost half of all product recalls every year. Product recalls are more prevalent than many of us think.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Indirect Loss Costs Are Real Dec 13, 2021

Accidents have a greater impact on your business than just the direct cost of the loss. In this 13-minute episode, Chip Arenchild, vice president at InterWest Insurance Services outlines how to apply indirect loss costs in the measurement of your true cost of risk, while also creating a key performance indicator for your safety programs.

The Importance of Workers Comp Coverage in Agribusiness Nov 15, 2021

In this thought-provoking 19-minute podcast episode hosted by Joel Appelbaum, IRMI's chief content officer, Blake Eischeid, Secura's supervisor of risk management, and Neil Wait, Secura's director of farm and agribusiness underwriting, expound on the importance of workers compensation coverage in protecting the farmer's well-being and family livelihood.

The injuries that can happen on a farm can range from minor to significant. Many times, the quest for profits can supersede spending on workers compensation insurance premium. In this podcast, Mr. Eischeid and Mr. Wait explain how vital it is that you, the trusted adviser, review the difference workers compensation protection can make in a possible life-altering situation.

IRMI is proud to have Secura as a Gold Sponsor for the 2022 IRMI Emmett J Vaughan Agribusiness Conference (AgriCon), March 7–8, 2022, in Sacramento, California, and online.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Nationwide‘s Grain Bin Safety Program Oct 18, 2021

In this compelling 12-minute podcast episode hosted by Joel Appelbaum, IRMI's chief content officer, Paul Stevenson, Nationwide's senior risk management consultant for food and feed safety, quality systems, and grain, provides insight into making grain bin entries safer.

Mr. Stevenson paints a clear picture of the extreme hazards, including fatalities, of grain bin work. Then, he tells us how to get started with the lifesaving program Nationwide provides in response to this hazardous work. Mr. Stevenson invites anyone interested in sponsoring a grain bin rescue tube to contact him directly at (816) 392–1511. IRMI is proud to acknowledge Nationwide as a partner and the Grand Conference Sponsor of the 2021 IRMI Emmett J Vaughan Agribusiness Conference.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Reinsurance 101 Sep 20, 2021

This 20-minute podcast episode, a Snap Talk from the 2021 IRMI Emmett J Vaughan Agribusiness Conference, is presented by Larry Schiffer, attorney, counselor, consultant, and mediator for Schiffer Law & Consulting PLLC. In this podcast, Mr. Schiffer provides a clear understanding of the two basic forms of reinsurance: treaty and facultative.

COVID-19 and Rural Mental Health Aug 16, 2021

This 15-minute podcast episode, a Snap Talk from the 2021 IRMI Emmett J Vaughan Agribusiness Conference, is presented by Dr. C. Freeman, adult and geriatric psychiatrist and parliamentarian of the American Psychiatric Association Board of Trustees. Dr. Freeman discusses why it's important to farmers and ranchers in light of COVID-19 that we identify, prevent, and manage stress before it becomes overwhelming.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Environmental Risks Coverage on the Farm Jul 19, 2021

Farm contaminants are pervasive in land used for agriculture. Farmers and ranchers may believe that a farm liability policy provides adequate protection from pollution-related liability, but often that is not the case.

This 18-minute podcast episode, a Snap Talk from the 2021 IRMI Emmett J Vaughan Agribusiness Conference, is presented by Dave Dybdahl, president of the American Risk Management Resources Network, LLC.

Mr. Dybdahl explains why your client's most comprehensive protection from pollution liability may be an environmental impairment liability policy.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Solving the Talent Problem with Internships, College Recruiting, and More Jul 09, 2021

In this 11-minute podcast episode, you will learn specific tactics for meeting the insurance industry talent crisis head-on. Senior Vice President Risk Management at Sedgwick Robin Roeder discusses the benefits of internships and provides tips on how to make them successful for your company and the student. She also provides insight into how the insurance industry is benefiting from university risk management and insurance (RMI) programs. Lastly, as a member of the Spencer Educational Foundation's board, she discusses the various initiatives the not-for-profit is undertaking to support university RMI programs.

Top InsurTech Trends Impacting Construction Insurance Jun 15, 2021

In the past few years, the insurance industry has embraced the adoption of technology solutions. In this 30-minute podcast episode, James Benham of JBKnowledge provides insights into the most impactful and exciting technologies being deployed in the insurance space, as well as how insurance companies are assisting their construction clients with the adoption of technology that can reduce losses on jobsites.

Three Tips for Deposition Success Jun 11, 2021

This 13-minute podcast episode, a Snap Talk from the 2021 IRMI Emmett J Vaughan Agribusiness Conference, is presented by Crystal Uebelher, owner, Clarity Education and Consulting, LLC. Ms. Uebelher offers three tips to give you a feeling of confidence going into your next deposition.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Parametric Weather Insurance Protection May 17, 2021

A fascinating form of risk protection is parametric insurance. It is growing in terms of popularity and could be a solution for agricultural risks. A general understanding of parametric insurance is an "If, then" scenario: "If there's a derecho, then I would collect immediately without any delays."

In this 16-minute podcast episode, Andy Klaus, vice president of business development at Vortex Insurance Agency, LLC, explains the basics of parametric insurance and how farmers could benefit from the claim payment flexibility.

Be sure to check out the other agribusiness resources that IRMI has to offer!

How To Innovate in Construction May 04, 2021

Legacy industries like construction have always been slow to innovate. In this 11-minute podcast episode, Rose Hall of AXA XL offers tips for breaking down the barriers that stand in the way of progress and advancing your construction business to new heights through innovation.

Agribusiness and Farm Manufactured Home Insurance Apr 09, 2021

Did you know roughly 22 million Americans live in manufactured homes, according to the Manufactured Housing Institute? More commonly referred to as "mobile homes," they are popular with celebrities like Matthew McConaughey as well as farmers and agricultural workers. Join Joel Appelbaum, IRMI chief content officer, and Cheryl Koch, president/CEO of Agency Management Resource Group, for this podcast episode. Hear Ms. Koch's real-world experience and her thoughts on the stigma around use of the terms "trailer" and "trailer parks." Learn as Ms. Koch shares her deep insight on properly insuring the risks of manufactured homes.

Be sure to check out the other agribusiness resources that IRMI has to offer!

The Future of 5G in Construction Apr 07, 2021

In this 17-minute podcast episode, Matt Nordaker of Marsh discusses how emerging technologies such as Internet of Things, blockchain, virtual and augmented reality, and artificial intelligence will be profoundly more disruptive in the construction industry with the rollout of 5G.

Insuring Mass Timber—A Look Across Lines Mar 16, 2021

In this 16-minute podcast episode, Cheri Hanes of AXA XL outlines the challenges involved in insuring mass timber buildings and provides strategies that can help insurers get more comfortable with the risks.

The Abyss—Mental Health Feb 15, 2021

Project engineer Taylor Boileau shares a powerful story that demonstrates the need to demystify and change the taboo surrounding mental illness, especially in the construction industry. Put everything else aside for 15 minutes and listen. It may be the most impactful part of your day.

Ag-Related Liability and Other Exposures Jan 18, 2021

This very practical, enlightening podcast episode is an excellent summary of agency risk management and agricultural liability exposure. In this 27-minute podcast episode, Sam Bennett, producer and partner in the Harrison Agency, Inc., in Columbia, Missouri, reminds us of how dangerous a farm operation can be and how important it is for insurance professionals to protect those who have exposures.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Employment Practices Liability Market Trends Jan 11, 2021

This 23-minute podcast episode discusses key employment practices liability (EPL) renewal trends and developments, including #MeToo's impact on the market and how brokers and insureds can best handle emerging trends. Listen to industry experts Rick Betterley, author of The Betterley Report, and Sean Jordan, IRMI senior research analyst, discuss everything from what EPL is to the highlights of Mr. Betterley's current market report.

Additional Insureds and Employee Injury Claims Jan 05, 2021

Additional insured experts Craig Stanovich and Jeff Woodward examine recent developments that could reduce an additional insured's coverage for employee third-party claims brought by an independent contractor's worker.

Harnessing the Power of Leading Indicator Data Dec 14, 2020

Learn key steps for capturing and leveraging leading indicator data and turning it into purposeful, proactive safety interactions that can reduce accidents and injuries.

Nationwide's Land as Your Legacy Program Dec 07, 2020

This impactful podcast will enlighten you on Nationwide's Land as Your Legacy program. In this 19-minute podcast episode, Tim Phlegar, director of Nationwide's Land as Your Legacy program, reminds us of the importance of having a farm transition plan in place. Mr. Phlegar shares his own story of what happened with his family's 100-year-old-plus farm without a plan such as Land as Your Legacy. IRMI is proud to have Nationwide as a longtime IRMI Emmett J Vaughan Agribusiness Conference Grand Sponsor.

Be sure to check out the other agribusiness resources that IRMI has to offer.

Understanding Your Employment Practices Liability Policy Reporting Procedures Nov 16, 2020

In this 14-minute podcast episode, Ed Rhone of Parker, Smith & Feek shares some tips for avoiding traps in employment practices liability policy reporting requirements that can put you in the "land of denial."

Iowa's Agriculture Secretary Mike Naig Talks Sustainability Oct 19, 2020

Iowa Secretary of Agriculture and Land Stewardship Mike Naig discusses pollution coverage issues and changes to the crop insurance program for 2020 in this podcast episode hosted by Joel Appelbaum, IRMI's chief content officer. Spend 19 minutes and get an update on the status of crop coverage for the derecho Iowa experienced in August. Secretary Naig also provides insights on how to minimize mistakes when purchasing crop insurance.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Transfer of Nontraditional Risks in Construction Contracts Sep 14, 2020

In this 14-minute podcast episode, hear Adrian Pellen of Marsh describe the uncharted waters of risk assumption associated with project delivery methods such as design-build and public-private partnerships, and identify risk transfer mechanisms for these exposures.

Elise Farnham Talks Pandemics Sep 01, 2020

Elise Farnham, president of Illumine Consulting and longtime outstanding IRMI conference presenter, discusses how a global epidemic can transform our lives in this podcast episode hosted by Joel Appelbaum, IRMI's chief content officer. Spend 18 minutes learning about risks associated with pandemics, such as COVID-19 and other pandemics, that last for extended periods of time. Ms. Farnham, who is the go-to professional for training many top insurers, will participate in the session titled "Pandemics and You" at the IRMI Emmett J Vaughan Agribusiness Virtual Conference September 15–16, 2020.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Wayne Holt Talks Nationwide and AgriCon Virtual Aug 17, 2020

Wayne Holt, Nationwide's director of farm underwriting for the western region, discusses how Nationwide is answering the COVID-19 call for the agricultural insurance community and why he plans to participate in IRMI's first virtual conference. Nationwide is the longtime IRMI Emmett J Vaughan Agribusiness Conference (AgriCon) Grand Conference Sponsor, and you should spend 18 minutes learning what it has to say about working from home and caring for the customer even during a pandemic. Joel Appelbaum, IRMI's chief content officer, hosts Mr. Holt, who will participate in the panel titled "Weathering the Stress" at AgriCon Virtual September 15 and 16, 2020.

Be sure to check out the other agribusiness resources that IRMI has to offer!

Making a Case for Wet Work Permits Aug 03, 2020

In this 11-minute podcast, Kevin Furlow of AXA XL shares a story of a loss on a construction site to demonstrate how wet work permits can reduce the potentially devastating impact of water damage on projects, especially as they near completion.

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