Roman Petty & Robert Pine of USI Insurance Services join hosts Jeff Sophir and Jonathan Wolfson today on the podcast to discuss the unpredictable landscape of South Florida’s insurance marketplace. USI is a client focused firm that invests heavily in resources that elevate their clients to the next level. Roman has focused on risk management for blue collar trades over the last seven years of his career, bringing clients success in reducing auto rates and controlling work comp mods. Robert Pine has focused on risk management for blue collar trades for the last five years, and has been with USI for three years now. USI is one of the top firms in the industry due to creating programs to lower claims and premiums.
Together, Robert, Roman, Jeff & Jonathan delve into the challenges faced in the insurance marketplace in South Florida. The prevalence of hurricanes and tropical storms makes it difficult to find carriers willing to participate in the high-risk market. Factors like high congestion and expensive cars in the region contribute to higher premiums and claim values. Carriers rely on data from other insurance providers to predict pricing and expected losses. The conversation also explores the challenges faced by young salespeople in the industry, emphasizing resilience and adaptability. They discuss the impact of various factors like inflation, population growth, higher interest rates, and elections on the insurance market, predicting rate increases in certain areas. Trust-building, providing actual solutions, and transparency are highlighted as crucial aspects of the insurance business.
This episode offers a comprehensive overview of the challenges and considerations in the insurance marketplace. Tune in to hear the group’s insights and dive deep into the world of insurance.
Here is what to expect on this week’s show:
Unique challenges of South Florida’s insurance market
Practical solutions for mitigating premium increases
Considerations of self-insurance
The importance of trust building and providing solutions
The way to long-term success in the insurance market
Connect with Robert Pine & Roman Petty:
https://www.usi.com/
Learn more about your ad choices. Visit megaphone.fm/adchoices
