Deal Flow Friday Insurance: Michael Brodie - Marsh
LA WILDFIRE - DONATION LINKS:
Red Cross Wildfire Relief Efforts
GoFundMe.org Wildfire Relief Fund
Los Angeles Fire Department Foundation
Salvation Army Wildfire Relief
In this episode of Deal Flow Friday, David Moghavem invites Michael Brodie from Marsh Insurance, along with Max Sharkansky from Trion Properties, to discuss the current state of the commercial and residential insurance market, particularly in light of recent natural disasters such as wildfires and hurricanes. They explore the implications of taxpayer-funded insurance programs, the importance of resilience in property investment, and the evolving philosophy around insurance coverage. The conversation also touches on the future of construction materials and market trends, including predictions for insurance premiums and the challenges faced in the casualty insurance market. The episode concludes with a hopeful outlook for the insurance landscape as it begins to stabilize after years of volatility.
Chapters
00:00 Acknowledgment of Los Angeles Wildfires [Donation Links Available in Show Notes]
04:14 Introduction, Max and Michael
08:09 Understanding Residential Taxpayer-Funded Insurance Programs
11:52 Resilience in Property Investment
18:17 The Balance of Coverage vs Premium
21:26 Insurable Construction Standards vs Cost of Construction
24:38 How Catastrophic Residential Losses affect Commercial Insurance Market
30:27 "Park Place & Boardwalk": Top Markets for Insurers?
33:16 Underwriting Trends in Adjusting Risk Models
36:25 Predictions on Where Insurance Premiums are Going
39:32 Casualty Insurance Trends