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...
Why Social Inflation is Driving Insurance Rates Up with Billy Smith
Crane Talk
1 hour 3 minutes
10 months ago
Why Social Inflation is Driving Insurance Rates Up with Billy Smith
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 inflatio...
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...
