Plaintiff black-boarded over $600,000.00 in damages. ![]() As for the claimed damages, our psychologist testified that Plaintiff’s psychological testing results were normal, and our neurosurgical expert testified that there was no objective evidence of anything past initial soft-tissue sprain/strain injuries which should have resolved within a period of weeks. We raised the sudden emergency defense as to our driver and no showing of proximate cause as to the claims against the employer. Plaintiff alleged soft tissue neck and back injuries, as well as anxiety and depression as a result of the accident. The vehicles then essentially “rode“ the wall until they came to rest. In doing so, he contacted Plaintiffs vehicle, causing it to strike the median wall. Without warning, the fire truck swerved towards our truck to avoid another vehicle, causing our driver to instinctively swerve away to avoid a collision. Our driver was driving in the middle of three lanes, with Plaintiff to his left and a fire truck to his right. ![]() Allegations of negligent hiring/training/supervision by the employer and negligence by the driver in causing the accident. The industry could shift resources from bespoke and unilateral pricing activity to making the ‘dessert’ bar more appealing.Motor Carrier third-party truck versus car accident trial in Wayne County Circuit Court in front of the Honorable Shiela Ann Gibson. Sure, pricing would combine mandated portions of ‘vegetables’, but choosing this endorsement or that coverage line would build engagement. Opacity rules, and little knowledge advancement.Ĭan insurance sales/purchase be conducted like a buffet, allowing customers empowerment for selection and quantity, and pricing built in that manner, encouraging knowledge and participation? It’s an ultimate poor instance of game theory where one player has all the knowledge but little decision confidence, and the other player works solely from a pricing position that may even be overlapped onto other ‘games’. Insurance sales/purchases are a co-dependency relationship, a mechanism that is perpetuated to the customers’ detriment in terms of product awareness.įor brokers and agents it’s a roll of the pricing/product dice when insurance is sold, a constant worry that the best guess of needs are met with responsive underwriting and pricing. Sure, dec pages show breakdowns of coverage but seldom provide easy options for the customer to experiment with cover, limits, nor ability to mix and match what they need or want. In most cases customers are not empowered at purchase or renewal in understanding the components of cover and cost of each factor. □Pondering the double whammy insurers encounter with price as the lead marketing ploy for the product and lack of product savvy for customers being a problem at purchase and when service is needed.Ĭan education/participation for customers be encouraged while retaining some price emphasis for carriers? Perhaps if product/price presentation changes. That is, there are many insurance businesses that trust that nothing will happen to their business/customers/data. ![]() Just happens that I recently was privileged to have a discussion with Daniel Metcalf of CyberFin, a company that specializes in cyber security for SMEs/SMBs wherein it was recognized that a solution like CyberFin's was available and easy to integrate into any insurance business. Yet- FEW INSURANCE BUSINESSES HAVE DEDICATED CYBER ACTIVITY DEFENSE PROTOCOLS IN PLACE. ![]() □ A quick Google query tells me there are almost 900,000 insurance agents and brokers in the US insurance market, suggesting several hundred thousand insurance agencies in operation, serving a few hundred million customers, some trillions of dollars in business, and untold volume of PII and business data.Īnd- across the spectrum of that environment there are easily hundreds of thousands versions of running an insurance business.īusiness, interactions, variability, digital access, sophistication from slave terminal to leading edge cloud networks.
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