Failure Is Just The Cost Of Success

Matthew Homan has what he tongue-in-cheek describes as “Idea Surplus Disorder.”  He’s never short of good ideas. Here is one of his better LinkedIn posts. Paralysis due to fear is one of the leading impediments to productive innovation.

Leaders, start reframing failure as “tuition.”

Tell your teams you’re happy to pay tuition to learn a lesson, but make it clear that you’re not willing to pay to take the same class twice. 

It will encourage your team to experiment and

Read the rest

Colorado Adopts Regulations to Prevent Insurers from Stopping ALE and Replacement Cost Benefits

Colorado has suffered major wildfire catastrophes. There are not enough contractors to handle the repairs. As a result, Colorado issued new regulations for insurers regarding the handling of these claims.

The most important part of the Colorado bulletin is the following:

Section 5 Rules

In the event of a catastrophic disaster, an insurer shall waive any waiting periods related to ALE benefits for those policyholders whose residence requires repair or replacement or if the policyholder permanently relocates.

In the event

Read the rest