Lessons from a Legacy: Growing Up in Insurance
May 9, 2024
In this episode of the Health & Wealth Power Hour, Harlon talks with Chrissy Myers, CEO of Associated Underwriters Insurance (AUI), a generational family business. They explore Chrissy's leadership journey, the intricacies of a family business, the effects of government regulations on the insurance and healthcare sectors, and much more.
Chrissy shares insights on being a woman-owned business and emphasizes community service as a core business value. The episode also focuses on the importance of community involvement for insurance agents and HR professionals, and a look at the implications of new Department of Labor rules.
Key Points
- Chrissy's journey in leadership and transitioning a family business
- Importance of having an exit strategy
- Diversification in business and retirement planning
- Impact of government regulations on the insurance and healthcare industry
- HR in small businesses and the need for alternative benefits
- Challenges faced by small businesses in navigating HR regulations and compliance
- Involvement of the company in controlling costs and making an impact on the healthcare system
- Complexities of employment classification and compliance challenges
- Impact of virtual work arrangements on hiring and firing processes
- Significance of community service and engagement in business operations