episode link: https://www.buzzsprout.com/126848/11547382
Why did I do this show?
Insurance companies operate based on trust. Probably the single most important gatekeepers of trust of insurance companies are rating agencies. Some will find that surprising! Rating agencies are a dominant force in insurance especially in supremely dysfunctional markets like homeowners insurance in Florida where Joe’s company, Demotech, is the dominant rating agency. Florida is a mess and then that mess got hit with the largest hurricane in its long history of hurricanes!
What did I learn?
That litigation reform is very, very hard!
What was my favorite part?
I learn again and again, entrepreneurs are pretty similar everywhere, even those in the weird business of rating agencies!