Willis Towers Watson Broker Charles Storm Recognized as a 2019 Agriculture Power Broker
Charles Storm, Director, Willis Towers Watson
There’s no question severe weather presents a risk to every business, but for produce farmers, packers and shippers, a bad storm can ruin a good harvest and wipe out an entire year’s profits.
After the hurricanes of 2017, one farming organization found their property coverage did not pick up business interruption losses. The risk manager, a former client, reached out to Willis Towers Watson’s Charles Storm.
Storm and his team tailored a stock throughput policy to address the business interruption loss of raw food materials, both sold and waiting for sale, and broadened transportation coverage to better reflect the farm’s operations.
“He was able to save us over 40 percent in premiums while improving coverage. Our incumbent broker had been with the company for over 15 years, and it was a difficult decision to make the switch, but Chip made it well worth it,” the client said.
Others lauded Storm for being proactive, communicative and knowledgeable. “I feel that Chip is constantly scanning the insurance universe to find new products, better deals and a different way to approach issues,” said the CFO of another vegetable grower.
“We are a pretty nimble organization. We add and subtract facilities and acquire businesses somewhat regularly. Chip is always available to handle these extraordinary events.” The COO of that company added: “Chip does a perfect job of keeping us posted.”
What is a Power Broker?
A Risk & Insurance Power Broker® is an individual who stands out among their peers for the exceptional client work they delivered over the past year. While brokers play many key roles in the insurance industry and risk profession, a Power Broker® award recognizes problem solving, customer service and industry knowledge.
Our goal is to broadly recognize and promote outstanding risk management and customer service among the brokerage community.
Who selects the winners?
Power Brokers are selected by Risk Managers based on the strength of the testimonials they provide to a team of 15 Risk & Insurance editors and writers.