This episode of Crane Talk features Aaron Jackson, EVP of Redstone Underwriters, providing an underwriter’s perspective on the challenges facing crane and rigging insurance. He unpacks the impact of social inflation, third-party litigation funding, and shrinking capacity in the casualty market. The discussion highlights practical tools like cameras, telematics, and strong contracts, along with emerging AI applications that are reshaping underwriting. Jackson underscores how early data submiss...
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This episode of Crane Talk features Aaron Jackson, EVP of Redstone Underwriters, providing an underwriter’s perspective on the challenges facing crane and rigging insurance. He unpacks the impact of social inflation, third-party litigation funding, and shrinking capacity in the casualty market. The discussion highlights practical tools like cameras, telematics, and strong contracts, along with emerging AI applications that are reshaping underwriting. Jackson underscores how early data submiss...
Understanding Judicial Hellholes and Their Economic Impact on the Crane Industry
Crane Talk
48 minutes
1 year ago
Understanding Judicial Hellholes and Their Economic Impact on the Crane Industry
In this episode of Crane Talk as we unravel the secrets behind top infamous jurisdictions that are being referred to as Judicial Hellholes in the Crane and Heavy Iron industry. Ron and Gene spend time spotlighting the notorious Fifth Circuit Court in Dallas, Texas, and Georgia's record-breaking judgments. They also dissect how Louisiana's judicial system is plagued by legislative influences, plaintiff-friendly practices, and high-interest third-party litigation funding. Together, we explore t...
Crane Talk
This episode of Crane Talk features Aaron Jackson, EVP of Redstone Underwriters, providing an underwriter’s perspective on the challenges facing crane and rigging insurance. He unpacks the impact of social inflation, third-party litigation funding, and shrinking capacity in the casualty market. The discussion highlights practical tools like cameras, telematics, and strong contracts, along with emerging AI applications that are reshaping underwriting. Jackson underscores how early data submiss...
