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Partner, co-chair of construction law practice group
Haight Brown & Bonesteel L.L.P.
Michael Parme was inspired to look at insurance claims as a possible career after seeing how interesting his mother’s job as a claims administrator was and working in claims before going to law school. He started at Haight Brown & Bonesteel L.L.P. in 2009 and specializes in insurance law for general contractors, developers, subcontractors and insurers.
Best advice you’ve been given
Treat everybody with respect and the way that you would want to be treated … Over the long-haul you are likely to bump into those people again and they will remember whether their interaction with you was positive or negative.
Top industry concern
My biggest concern is that there’s a significant challenge for insurers to attract young talent. There needs to be an industry push to attract young, talented people to infuse new ideas and innovation in the business. Over the past two decades that has not been a huge priority for insurers, and they are playing catch-up.
What inspires you?
My 2-year-old daughter Willa inspires me. When I became a father, I felt a greater responsibility to someone other than myself, and that created a drive to do a good job and to try and do better for myself and my clients.
Next big thing in insurance
There’s a lot of potential for artificial intelligence to play a huge role in claims management. That would affect every level of what I do. Artificial intelligence has the potential to aggregate tremendous amounts of data and, based on those large data sets, predict outcomes.
Something people don’t know about you
I’m absolutely infatuated with the space program of the 1960s and 1970s. We were launching glorified toasters into space and landing on the moon with them.
Business Insurance’s Break Out Awards program honors 40 top professionals on track to be the next leaders in the risk management and property/casualty insurance field.