Larry Bache, Drew Houghton, and I gave a presentation to roofers and contractors at RoofCON in Oklahoma Metropolis at the moment. The presentation offered a framework and historical past of how the insurance coverage business has efficiently eroded the rights of policyholders in Texas, then Florida, and now Oklahoma.
Throughout the speech, we took a couple of minutes to take a Merlin Ballot. I’ve been conducting this ballot from viewers members in quite a few my speeches since final Spring. It asks the viewers to vote for the fairest paying residential and business insurance coverage service. It additionally asks who’s the worst paying residential and business insurance coverage service.
I used to be shocked that USAA was voted the fairest paying residential insurance coverage service. Possibly I shouldn’t be, as a result of a gaggle of Texas public adjusters at a TAPIA assembly voted USAA because the second-best paying residential insurance coverage firm behind Chubb. Chubb gained at the moment’s vote for the quickest paying business insurance coverage firm.
I can hear quite a few readers pondering, “Chip, who’s the worst paying insurance coverage firm?” On this RoofCON vote, State Farm was voted the worst paying residential and business insurance coverage firm.
The variety of companies at RoofCON highlighting their use of Synthetic Intelligence will need to have been 95%. Is AI additionally taking on the roofing business? I don’t suppose an AI robotic goes to be nailing shingles any time quickly. However AI and its presence within the roofing business can’t be denied. I’ll write extra about this subject as a result of AI appears to be pushed throughout all industries, even when its worth appears marginal.
Thought For The Day
“USAA’s broader mission — to supply wonderful service and stand financially robust for its members — reinforces that their claims strategy isn’t simply transactional however a part of a member-first tradition rooted in serving army personnel and their households.”
—USAA Web site