March 2024, Amplified – Trump, The Titanic and the State Farm Downgrade


Michael Waitze worked in Global Finance for more than 20 years, employed by firms like Citigroup, Morgan Stanley and Goldman Sachs, primarily in Tokyo.  Michael lived and worked in Tokyo from February 1990 until December 2011.  Michael always maintained a particular focus on how technology could be used to make businesses more efficient and to drive P/L growth. Michael is a leader in the digital media space, building one of the biggest and fastest-growing podcast listener bases in the region.  His show has listeners in more than 130 countries and his company, Michael Waitze Media produces some of Asia’s most popular podcasts.

David Gritz

David Gritz is an InsurTech community leader, public speaker, and InsurTech advisor. He has been featured in recognized Insurance media including Carrier Management, Digital Insurance, IIR, AM Best TV, and the Re/Image Podcast. David is the co-founder of InsurTech NY, the largest InsurTech community in the NY metro area. David also serves as a strategic advisor to high-growth InsurTechs to help them go from concept to scale. Previously David has served as the Director of Innovation for the Silicon Valley Insurance Accelerator (SVIA) and has led product at Zero, a behavioral safety focused InsurTech acquired by EverestRe. He holds a J.D. from the Mitchell Hamline School of Law and business and industrial engineering degrees from Lehigh University.

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In today’s fast-paced world, the intersection of insurance, technology, and current events often leads to intriguing and complex discussions.

This Month, Amplified had just one of those discussions with David Gritz about the events of last month…including InsurTechNY’s recent ⁠Spring Conference⁠.

We also spent a decent amount of time talking about Trump’s surety bond…and its role in the current legal context.

The conversation took an intriguing turn when discussing a the recent incident on Baltimore and the crash of a cargo ship into the Francis Scott Key Bridge. This led to an exploration of the Limitation of Liability Act of 1851, emphasizing how age-old laws continue to influence modern insurance claims and liabilities.

David also highlighted State Farm General’s recent downgrade by AM Best and its broader implications for the insurance market and homeowners, especially in California, pointing to a potential need for the industry and regulators to adapt to the realities of climate change and market dynamics.

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