Insurance Nerds

The USA as an (Insurance) Startup by Peter Crowe of Team Focus Insurance Group & 🇺🇸 Nick Lamparelli of Insurance Nerds On July 4th, 1776, a remarkable startup was born. Dubbed the United States of America, this fledgling entity struggled in a world dominated by established powers. Much like any new business venture, the USA had to fight—quite literally—to establish its place. Once it found its footing, the next challenge was determining how to survive and thrive amidst formidable competitors. The parallels between the early USA and a modern startup insurer or managing general agency (MGA) are striking. As soon as you gain some traction, you face an immediate exposure management problem. For the USA, the exposure was not just financial but existential. Surrounded to the North by the British Empire (which they just fought against for several years), to the West by the French Empire, and to the South and Southwest by the Spanish Empire, the USA had to navigate an unstable geopolitical READ THE FULL ARTICLE HERE: https://lnkd.in/eeYFvEqP

It's easy to compare ourselves to others when it comes to money. How much do we make, what kind of car do we drive, where do we go on vacation. However we don't have the full picture of someone else's financial life. They may be deep in debt or have minimal savings to finance their lifestyle. When I was playing basketball, it was important to focus on my game and not someone else's game. Doing so allowed me to achieve optimal results. Gifting Sense and Karen Holland remind us in this post to focus on ourselves and to have this conversation with our kids. Are you staying focused on your own financial life? Please share in the comments. #financialliteracy #financialliteracyforkids #stayfocused #focus

In the latest episode of the "Insurance Town" podcast, host Heath Shearon welcomes Pat West for a nostalgic and insightful discussion on the evolution of the insurance industry from their 90s kids' perspective. The conversation highlights the intersection of technology and traditional practices in insurance, as both speakers reflect on their experiences growing up during the advent of the internet and social media. They reminisce about their early interactions online, such as participating in AOL chat rooms and the impact of these experiences on their professional journeys. With a shared understanding of how they navigated the transition into the insurance sector, they discuss their experiences launching businesses, networking, and leveraging technology to optimize agency operations. Pat West shares his career trajectory, from founding an agency in 2016 to working with innovative insurtech companies like B Atomic and GloveBox. He emphasizes the importance of connectivity and data-driven decisions in the modern insurance landscape, showcasing how newer technologies can improve Agency workflows. The conversation underscores a broader theme of community-building within the insurance industry, highlighting how relationships forged through social media have shaped their careers and the industry's evolution. Overall, the podcast serves as a reminder of the lessons from the past and the exciting future possibilities in the insurance sector.

How to properly market your insurance solution...

Tony Steuer, talks with Mark Yegge, Managing Director of Wealth Investors Club. They discussed the importance of time as a valuable asset, emphasized financial education, and advocated for starting investments early for financial independence. The 5 big learning takeaways from this episode are: 1. Time is the most valuable asset when it comes to investing, as starting early and compounding over time can lead to exponential growth. 2. Diversification may not always be the best strategy, as concentrating on certain investments can yield better results than spreading out too thin. 3. Passive income is crucial for financial independence, allowing individuals to enjoy the fruits of their labor without actively working. 4. Managing expenses and avoiding lifestyle creep can significantly impact saving and investing efforts. 5. The Cash Flow Machine system introduced by Mark Yegge aims to generate passive income through stock buying and income investing strategies, similar to owning a rental property for generating income.

Best named Fire of the Week? Anyone who knows me knows my deep love of all things coffee; so I take this week’s fire name winner “Coffeepot” fire in OR very seriously—lost an entire pot of coffee and a fire? That is a total tragedy! Honorable mention to, the “Muders Tank” fire in AZ. The three stooges fan in me has to ask if there will be a "pappa tank" fire and "kiddos tank" fires next. It was a crazy week this week. Strong earthquakes in Texas, Arizona’s dust storms (haboob) with severe thunderstorms and flash flooding…but a dishonorable mention has to go to the “Park” fire cause: flaming ghost rider car into a canyon to start the current mega fire? I did not have that on my 2024 bingo card. Enjoy the weekend, and be careful out there!

Part Two of Fractional Executives by 🇨🇦 Ben Baker🎙️and 🇺🇸 Nick Lamparelli

Culture first, Technology second (Part Two) https://lnkd.in/eXMYp32p

🤨 Are you curious about how to choose the right insurance? 🗣️ Join Charlene H. Cong, CFA and I as we guide you through choosing the right insurance to ensure you're protected against unexpected financial setbacks. 🧐 Key questions to be answered: 1. What is insurance and why should you care? 2. The top 5 insurance types every beginner must know! 3. Key insurance terms demystified: premiums, policies, and more! 4. Is insurance really necessary? Find out why you can't afford to skip it! 5. How insurance can save you from financial disaster! 6. How to choose the perfect insurance coverage for your needs! 7. Insider tips: How to slash your insurance premiums! 8. The ultimate guide to finding a trustworthy insurance provider! 9. Avoid these common insurance mistakes that could cost you big! 10. Life insurance 101: What you need to know to protect your loved ones! 11. Term vs. whole life: Which life insurance policy is right for you? 12. Crucial factors to consider before buying life insurance! 13. How much life insurance do you really need? Find out now! 14. Shocking ways your health and lifestyle impact your life insurance premiums! 📅 Please join the YouTube livestream on July 30 at 7am PT (here). #insurance #lifeinsurance #financialpreparedness #financialliteracy https://lnkd.in/gYpXWm-Z

If your culture is wrong, technology can scale the troublesome issues, worsening your problems. Culture first, technology second.