Most of you probably saw that EducatorProtect is now part of Insurance Services Group, Inc. The big story is that it's not that big of a story. We've been operating out of ISG's offices since the beginning and I'm the president of ISG.
I struggle with how to respond to my competition’s misfortune.
Earlier this week I took my youngest son, who is 5 ½, to his first professional baseball game. For those of you who don't know, we're in Baltimore.
It took roughly 5 months from first conversations to the implementation of the new price and coverage changes at EducatorProtect. We spend a great deal of time soliciting feedback from both clients and those who choose not to buy.
In the lead up to today's announcement about pricing,I have started to think about the “total cost of ownership” of our product as it relates to competitors. It is no secret that many of you have access to another program.
In the next couple of days, we will be announcing the first really big change to EducatorProtect. If you read this, then you will probably end up getting e-mail or two with the announcement. However, I will"leak it"a day or two early.
Yesterday, I received almost 200 e-mails. The amazing part about that is that I don't think that is very unusual these days. My phone also started ringing about 7:30 AM and hadn't stopped when I snuck out at 5:30 PM. Don't get me wrong, being too busy certainly beats the alternative.
I often talk about the good things that didn't hear educator protect. Today I will talk about a less fortunate incident. As we have discussed, educator protect policies renew automatically. We recently had a client who asked us to not renew their coverage.
Welcome to the first Joe's Corner. I hope to make this a slightly looser discussion of my thoughts. I hope you enjoy.
There certainly has been a great deal of activity over the last month here at EducatorProtect. As you may have guessed , we have been working on the LDA partnership for some time. We honestly couldn't be more pleased to work with them. I think most of you will also agree that the new Minute is more professional and appealing across the board. We have a few other ideas cooking in the laboratory as well, I will keep you posted.
All of that leads me to my big thought of the day, I still worry that The Minute does not do what I really want, and that is "connect." I have thought about connection a great deal recently.
The other night was parents night for my oldest son (who is in first grade). Initially, I watched his teacher smirk at me shoehorning myself into a desk built for a seven year old. But afterwards, I realized the entire discussion was about all of the tools and methods it takes to connect with children. Of course I also "connected" with the humbling realization that I was at least 15 years older than my son's teacher.
This week we have all watched out 401k's turn into 301k's. I think it is a good time for a discussion of how the current state of the market effects insurance companies. The first question that I have heard recently is- "Does the downgrade of U. S.