Ilume

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Ilume

Welcome to Ilume, a podcast for bright minds on risk, brought to you by Kraus-Anderson Insurance. Listen and learn about current strategic business risks from industry experts and insight leaders as we strive to meet your greatest risk challenges with innovation and depth of knowledge. Our co-hosts, Seth Hausman and Heather Burmeister are looking forward to bringing you insightful conversations and practical ideas, in a light, friendly, and fun format.

  1. Loss Control Goes Digital

    15 JUL

    Loss Control Goes Digital

    The insurance company sets a date to visit your project site or location.  They arrive, conduct their interviews and evaluate your business operations.  You may receive some recommendations following the visit and then you provide your response.  Did you ever wonder what happens after that with the information from that visit?  In years past, that report got filed away in an underwriting file, perhaps never to be read again.  Today, however, the information, observations, and data from that report can be aggregated and analyzed in new and important ways.  The information may feed into an underwriting pricing model to impact premium decisions or even play a big part in the decision to provide a proposal.  Beyond that, the data, when integrated with claims data, provides predictive capabilities to help predict and avoid the next claim.  The power of that granular information, when harnessed, can have a direct impact on the financial results of the insurance company and of your own business.  Many companies are leveraging the analytics behind loss control information to decrease claims and increase profits.  Risk Control Technologies is on the forefront of this data capture and evaluation.  We are thrilled to have David Pittman, AVP of Sales for Risk Control Technologies, join us for this episode and share his insights into this new horizon for insurance carriers, brokers, and clients.

    32 min
  2. Capitalizing on ESG Opportunities in the Construction Industry

    28 MAR

    Capitalizing on ESG Opportunities in the Construction Industry

    Environmental, Social, and Government (ESG) requirements are popping up everywhere.  Do you know the expectations of all the various stakeholders that impact your business?  These include project owners, general contractors, investors, lenders, insurance companies, employees, and governmental agencies.  Each comes with risk and opportunities.  Have you starting capitalizing on steps that you may have already taken?  We are thrilled to join with the Kraus-Anderson Construction Build Me Up podcast to bring you an enlightening discussion on construction environmental risk and insurance.  Mallory Thomas, a partner with Baker Tilly's risk management practice in Minneapolis joins us to discuss these emerging risk issues and ways to position your business for success; both internally and externally.

    38 min
  3. It's Time to Pay More Attention to Your Personal Lines Insurance

    23 JAN

    It's Time to Pay More Attention to Your Personal Lines Insurance

    For years, homeowners and personal automobile insurance has been an afterthought for most owners of homes and vehicles.  The policies reviewed annually without much fanfare or thought.  It seems that all of a sudden we have had a seismic shift in awareness and challenges.  2023 saw the largest number of billion dollar claim events and these were concentrated not only on the coasts but also in the interior of the country.  They ranged from flood, wind, fire, hail, and tornado activity.  This has resulted in significant profitability challenges for personal lines insurance carriers and changes in what is available in the market and what is expected of insurance purchasers.  The carriers all assume they will continue to be on the front line of these increased natural disasters and don't see a likelihood of a slow down in this activity in the coming years.  Matt Akin, leader of the personal lines business at Kraus-Anderson Insurance Agency joins us this month to shed some light on the current challenges and some possible solutions.

    36 min
  4. Foundation Agreements: Constructing Clarity in Contracts

    10/11/2023

    Foundation Agreements: Constructing Clarity in Contracts

    Construction projects are like a big family tree with lots of lines between owners, developers, architects, engineers, general contractors, and subcontractors.  There may be nothing more tedious and more important than reviewing and understanding your contracts and agreements and how they interact will all of those other lines on the family tree.  It is rare to find experts who are able to demystify contract language while also providing practical advice that can minimize your project risks.  Our guests this month are able to do both.  We are thrilled to share the insights of Liz Poeschl of Meagher & Geer and Johnna Wangensteen of Kraus-Anderson Insurance, and we hope you can find a few ideas to benefit your risk management practices.

    52 min
  5. Business as Unusual is Usual - Plan now for the Next Big Crisis

    09/08/2023

    Business as Unusual is Usual - Plan now for the Next Big Crisis

    Companies that learn how to anticipate a crisis can turn that event into a positive business experience and those that are unprepared may never recover.  Evaluating and imagining low frequency/high severity risks that could materialize in a five to ten year horizon allows for planning and the ability to practice various scenarios.  Crisis management through risk governance processes will add uncalculatable value to any business, large or small.  Hart Brown, the CEO of Future Point of View, joins us this month to dive into the benefits of pre-planning for a crisis and the steps required.  Hart has managed countless assessments, developed response plans, and led businesses through some of the most complex crises.  The list of potential risks continues to grow.  Are you ready for a fire, flood, shooting, cyber incident, reputational attack, or the next pandemic?  Have you considered the pending downfall of electronic encryption or the impact of an international socio-political shift?  Join us as we learn about ways to plan for those infrequent, unexpected, and severe risk events.

    44 min
  6. Donuts Might Transform Your Claim Cost Outlook

    20/06/2023

    Donuts Might Transform Your Claim Cost Outlook

    A chance encounter with a table of free donuts started Scott Anderson down an actuarial career path unknown to him at the time.  Since then, Scott has become one of the best at explaining why your claim history may not really be your final claim history and how insurance companies use claim history to predict the financial future.  Do you wonder why your insurance rates increase while your historical claims seem so low?  Did you know that the profitability of your insuyrance company may be lower than that of your own busines?  Can you improve your financial planning with a good understanding of the tools that insurance companies use to predict what your claims are likely to be in future years?  Scott spent the first part of his career in senior actuarial roles with several insurance companies, helping to evaluate history and predict future claim activity.  More recently, he leads Actuarial Advisors, Inc., a successful consulting company that assists many businesses to better understand their own loss experience and plan for the financial impacts.  Join us this month as we demystify the world of claim history, rate making, and insurance finance.

    37 min

  7. 26/04/2023

    Marijuana's Changing Impact on Employee Drug Testing

    Minnesota is heading toward legalization of recreational marijuana by the end of May.  The changing landscape has already impacted, and will continue to impact employer drug testing programs.  Legalization does not change the fact that employers still very much have the ability to require a drug free workplace, however, the tools and techniques to ensure compliance are changing and getting more complex.  There may be differences between pre-employment and post-employment testing.  There will be differences between various employee types including safety sensitive jobs and individuals that are subject to federal Department of Transportation regulations.  There will continue to be differences between state regulations.  Traditional drug testing will still play an important role, and will be augmented by improved impairment recognition training, advancements in testing techniques, extreme clarity in company policy, and very consistent policy implementation.  Many employers have already adjusted to the changing landscape in order to continue to maintain a drug free workplace.  Judy Praska, owner of Fastest Labs of Bloomington joins us this month to add some perspective to this very challenging and complex issue.

    28 min

  8. 16/03/2023

    Recruit and Retain GenZ College Grads

    One of the greatest risks that businesses face without much of a safety net involves hiring and retaining the right people for the job.  In a tight labor market, the winners will understand the market and evolve to meet the moment.  GenZ has already entered the workforce and will be the future for many years.   This group has had unique experiences that has shaped their outlook and expectations.  Brian Johnson, co-founder and partner at Katapult Network, focuses primarily on entry level roles for recent college graduates.  He consults with both candidates and employers to help bridge the gap between traditional hiring practices and what he calls the future of work.  Join the discussion to hear Brian's perspective and advice for leading the way and securing the talent you need to grow your business.

    39 min
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About

Welcome to Ilume, a podcast for bright minds on risk, brought to you by Kraus-Anderson Insurance. Listen and learn about current strategic business risks from industry experts and insight leaders as we strive to meet your greatest risk challenges with innovation and depth of knowledge. Our co-hosts, Seth Hausman and Heather Burmeister are looking forward to bringing you insightful conversations and practical ideas, in a light, friendly, and fun format.

Information

  • Creator
    Kraus-Anderson Insurance
  • Years Active
    2020 - 2024
  • Episodes
    31
  • Rating
    Clean
  • Show Website
    Ilume

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