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Why Social Inflation is Driving Insurance Rates Up with Billy Smith
Manage episode 459742012 series 3550089
In this episode of Crane Talk, Billy Smith, Executive Vice President at NBIS, takes listeners through his extraordinary career in the crane and rigging industry. From his early days as a crane operator to leading safety and risk management initiatives across the U.S. and Canada, Billy's wealth of knowledge provides valuable insights into navigating the complexities of the industry. He explains how insurance premiums are shaped by jurisdictional differences, liability laws, and social inflation. Billy also highlights the critical role of contracts, training, and technology like telematics in mitigating risks and controlling costs.
Connect with Billy:
Linkedin: https://www.linkedin.com/in/bill-smith-3416476
Website: https://www.nccco.org/
About the Show
Crane talk is a podcast hosted by Ron Thompson and Gene Greiner, 2 highly successful insurance producers in the Dallas-Fort Worth region.
About Ron:
Ron has been specializing in the heavy iron insurance world as a broker since 1992. In the complex world of heavy iron risk exposure, Ron’s expertise is in contractual risk transfer, contract review, fleet safety management where “rubber meets the road” and keeping clients updated on legislative issues that effect the crane & rigging industry and maximizing profit for his clientele.
About Gene:
Gene Greiner is Vice President of commercial insurance for CoVerica with 15 years of focus on heavy construction risk. Based in Dallas, TX, he is deeply embedded in serving this industry’s risk transfer needs and, enjoys active advocacy though the Specialized Carriers & Rigging Association and the Texas Crane Owners Association.
New episodes drop the first Tuesday of each month. Please drop us a line if you have a question or suggestion; you can reach us at podcast@coverica.com. Finally, if you like the podcast, we encourage you to subscribe and leave us a review.
12 episoade
Manage episode 459742012 series 3550089
In this episode of Crane Talk, Billy Smith, Executive Vice President at NBIS, takes listeners through his extraordinary career in the crane and rigging industry. From his early days as a crane operator to leading safety and risk management initiatives across the U.S. and Canada, Billy's wealth of knowledge provides valuable insights into navigating the complexities of the industry. He explains how insurance premiums are shaped by jurisdictional differences, liability laws, and social inflation. Billy also highlights the critical role of contracts, training, and technology like telematics in mitigating risks and controlling costs.
Connect with Billy:
Linkedin: https://www.linkedin.com/in/bill-smith-3416476
Website: https://www.nccco.org/
About the Show
Crane talk is a podcast hosted by Ron Thompson and Gene Greiner, 2 highly successful insurance producers in the Dallas-Fort Worth region.
About Ron:
Ron has been specializing in the heavy iron insurance world as a broker since 1992. In the complex world of heavy iron risk exposure, Ron’s expertise is in contractual risk transfer, contract review, fleet safety management where “rubber meets the road” and keeping clients updated on legislative issues that effect the crane & rigging industry and maximizing profit for his clientele.
About Gene:
Gene Greiner is Vice President of commercial insurance for CoVerica with 15 years of focus on heavy construction risk. Based in Dallas, TX, he is deeply embedded in serving this industry’s risk transfer needs and, enjoys active advocacy though the Specialized Carriers & Rigging Association and the Texas Crane Owners Association.
New episodes drop the first Tuesday of each month. Please drop us a line if you have a question or suggestion; you can reach us at podcast@coverica.com. Finally, if you like the podcast, we encourage you to subscribe and leave us a review.
12 episoade
Toate episoadele
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1 Cost of Cranes: Rising Prices and Market Pressures with Craig Martin 1:15:09

1 Why Social Inflation is Driving Insurance Rates Up with Billy Smith 1:03:02

1 Texas Lawsuit Reform In the Crane Industry with Lee Parsley 1:02:34

1 Navigating Legal Challenges and the Role of AI in Insurance Claims 53:18

1 Building a Crane Empire with Chad Skogsberg and Ginger Cranes 1:11:33

1 Understanding Judicial Hellholes and Their Economic Impact on the Crane Industry 48:37

1 Accident Prevention & Forensic Reconstruction with Crane Expert Jim Wiethorn 1:05:43

1 Putting Up With New Data Needs In Today’s Crane Insurance World 53:48

1 Legal Advertising and Soaring Insurance Rates in the Heavy Construction Industry 52:02

1 Navigating the Impact of Thermonuclear Verdicts on the Crane Industry 47:00

1 Legal Fears in the Crane Industry and How To Handle Catastrophes 45:21

1 Crane Industry Giants on Construction, Legislation, and Telematics 55:45
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