Insurance Journal TV - Property and causualty insurance news and features.
EP. 13: How Election Results Could Greenlight Federal Cannabis Legalization
Nov. 3 is the big day, and while the big story for voters is the choice between diametrically opposed presidential candidates, the scent of cannabis legalization has quietly wafted over ballots across the nation. Voters in five states will get to decide whether to legalize, and with a dozen contentious seats up for grabs in the U.S. Senate, what will the results do for efforts to decriminalize the plant and create safe banking and insurance for the budding industry? We asked a man in the middle of it all for a rundown and what the elections mean for cannabis.
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Personal Vs. Corporate Brand: One and the Same?
What does a firm do when its people (e.g. salespeople) have a giant personality out in the marketplace? When they can appear even larger than the corporate brand itself? Interesting question, and we found the right pro to address it. On this recording, management and design consultant Fiona Gray shares helpful ideas about personal vs. corporate brands. Perhaps instead of reigning in people, “maybe we look at the mother ship company and address its own brand for any deficiencies,” she says. “Often there is something missing in the marketplaces about the brand.” Listen as Fiona addresses when and how companies should consider a brand refresh, using core values in particular as a way to guide behavior of producers or field folks. “This is a great time to find out what you stand for,” Fiona says. “Don’t take your employees or customers for granted. You want to continue to be moving forward and being relevant.” Bonus: You’ll love Fiona’s accent – the King’s English!
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EP. 12: Budtender Liability Soon to be a Thing?
A budtender can tell you the difference between Laughing Buddha and Acapulco Gold, or which vape pen may last the longest. But some of these experts at your friendly neighborhood dispensary are sometimes asked, and offer, advice beyond such innocuous subjects, creating a potential for issues down the road. We have yet to see a proliferation of budtender liability lawsuits, but they’re probably coming, according to experts we spoke with.
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Publisher Reflects on 50 Years of Insurance Fun
Normally we aim to peek into the future with our guests. On this recording, we check out the past. Mark Wells is an industry icon who’s been at the helm of Insurance Journal for the last 50 years. That’s right, during what is an otherwise dreadful year (hello, pandemic), Mark is popping some champagne – or perhaps some fine pinot noir, as we’ll hear – to celebrate a half-century of challenges, tears, fears and mostly cheers. When Mark assumed leadership of Insurance Journal from his dad in 1970, the insurance industry and California had a different relationship. Boy have things changed! And if you think insurance is a competitive environment, you should try insurance publishing. Mark and his super heroes made it happen. Experimentation is in their DNA.
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Increasing Diversity All About Dollars… And Sense
George Woods, a senior exec with Guy Carpenter, is an intriguing guest. He’s knowledgeable about insurance technology advances. You’ll hear about those on this recording. And he’s thoughtful about ways to increase diversity and inclusion in the industry. Making sure D&I initiatives permeate the organization requires that part of managers’ compensation be linked to their effectiveness with these initiatives, George says. He takes a broad view: “Diversity isn’t just gender and ethnicity and race. It could be age or education. Ivy League vs. a state school. Someone who grew up in a rural versus urban environment. A creative versus analytical mind. Left brain or right brain. There are so many things that come into play.” Pay equity is an issue too, he adds. “Look at your organization and how you’re presently recruiting. How do you change that? And once you recruit the talent, who do you see getting promoted most of the time?” You’ll enjoy this discussion with a passionate industry insider.
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Bringing Back the “Home Office”
What company would relocate its corporate offices in the middle of a pandemic? Well, Badger Mutual recently did just that – moving from the outskirts of Milwaukee right downtown to cool digs in an old Pabst Beer plant. What does this mean for the carrier’s employees? It means that while some folks are coming back to the office, options still continue for working at home, says COO Dan Wolfgram. A hybrid approach started before the pandemic has resulted in flexible work scenarios, he says. On this recording, Wolfgram discusses the rationale for the new home office, local community spirit, agency relationships, and communicating with policyholders in a difficult time, especially many restaurant owner clients. Wolfgram’s 32-year background working with a local broker brings a fresh perspective to this small carrier.
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