Ely Kaplansky Goes from Immigrant to Inc. 5000 Insurance Entrepreneur

Share on Facebook
Share on Twitter
Share on
LinkedIn
+

This week on JobMakers, host Denzil Mohammed talks with Ely Kaplansky, President & CEO of Kaplansky Insurance. Ely’s unconventional path to entrepreneurship included dropping out of high school and essentially taking the place of the insurance business where he got his start, when it was found that they were committing unethical practices. And since 1974, Ely has created hundreds of jobs in Massachusetts and beyond, with 85 employees in 15 offices across the state today. He has grown his business during the pandemic, with 37 acquisitions to date, such that Kaplansky Insurance was named to Inc. magazine’s “5000 Fastest-Growing Private Companies in America” list. Ely’s success is more than just the pride of having made it. His success fulfilled the dreams of his parents when they moved from Israel to America in 1955, with just the clothes on their backs and an aunt to take them in. Their journey began in the concentration camps of Germany, and Ely’s story is all about the opportunity and freedom America offers, as you’ll discover in this week’s JobMakers.

Guest:

Ely Kaplansky, CIC, CPIA, LIA, is President & CEO of Kaplansky Insurance, a leading independent insurance brokerage that he founded in 1974, which now serves more than 35,000 clients across eastern and central Massachusetts following nearly 40 agency acquisitions over the years. The company serves individuals, families and businesses for all lines of insurance, and has received multiple Five Star and Best Practices awards. Mr. Kaplansky has served as Chair of the Massachusetts Association of Insurance Agents. A high school dropout, he is now a Certified Insurance Councilor (CIC), Certified Professional Insurance Agent (CPIA), and Licensed Insurance Advisor (LIA). The son of Holocaust survivors, Kaplansky moved from Israel to Massachusetts with his family when he was a child and has made greater Boston his home.

Get new episodes of JobMakers in your inbox!

Related Posts

Study Says Massachusetts Surtax Proposal Could Reduce Taxable Income in the State by Over $2 Billion

As voters now begin to weigh the potential impact of a ballot proposal to increase taxes on business owners, retirees and wealthier households, a new literature review by Pioneer Institute shows that many existing academic studies find that wealthy individuals are particularly sensitive to changes in tax policy. Other studies explicitly warn policymakers that behavioral responses to taxing the rich could erode the tax base and ultimately strain state budgets.

Unintended Tax Consequences: Modeling the Effects of the Millionaire’s Tax on Massachusetts’ Economic Future

/
Hubwonk host Joe Selvaggi talks with Beacon Hill Institute President Dr. David Tuerck about his recent analysis of the proposed 4% surtax on incomes over $1 million in Massachusetts, and his estimate of the number of individuals who will leave the state as a result. Tuerck, an economist, used STAMP modeling tools comparing the static projections offered by proponents of the so-called "Fair Share Amendment" with a model simulation that accounts for the unintended effects of the tax.

Dr. Babak Movassaghi on Winning in Football & Healthcare Innovation

/
This week on JobMakers, Host Denzil Mohammed talks with Dr. Babak Movassaghi, founder of InfiniteMD (acquired last summer by ConsumerMedical), which connects patients with top U.S. medical professionals through second-opinion video consultations, guiding patients to better care. When the world shut down due to COVID-19, Dr. Movassaghi's company was already prepared to serve patients via telehealth. In this episode, they discuss his fascinating pivot from physics and professional football in Germany, to healthcare and innovation here in the U.S., an extension of his ability to navigate multiple identities as an Iranian-German living the American Dream.

COVID-19 and Unemployment Rates in the Cape and Islands 

/
  The COVID-19 pandemic has had a large impact on unemployment…

This Is No Time for a Tax Increase

This is no time to threaten Massachusetts’ prospects for an immediate economic recovery and the long-term competitiveness of the Commonwealth’s businesses. As Massachusetts lawmakers prepare to vote on whether to send a proposed constitutional amendment that would impose a 4 percent surtax on residents who earn $1 million or more in a year to the statewide ballot in 2022, Pioneer Institute urges them to recognize that tax policy sizably impacts business and job location decisions and that jobs are more mobile than ever.

Jitka Borowick on Starting a Small Business during COVID

/
This week on JobMakers, Guest Host Jo Napolitano talks with Jitka Borowick, Founder & CEO of Cleangreen, a cleaning service committed to environmentally-friendly practices, and Nove Yoga, launched during COVID. Jitka grew up under communism in the Czech Republic. Determined to learn English, she made her way to the U.S., initially with plans to stay for only one year - but ended up making it her home. Jitka shares the difficulties of learning another language and culture, her pathway to entrepreneurship, her courageous decision to open a new business during a pandemic, and how her companies have successfully adapted to the challenges so many small businesses have encountered over the past year.
Are Massachusetts taxes regressive? Massachusetts State with Money Background

Study Finds Deep Flaws in Advocates’ Claims that the Massachusetts Tax Code is Regressive

Proponents of a state constitutional amendment to add a 4 percent surtax on all households with annual income above $1 million frequently cite 2015 data from the Institute on Taxation and Economic Policy, which argues that the Massachusetts tax code is regressive, but a new study published by Pioneer Institute debunks many of the underlying assumptions used in ITEP’s 2015 report.

Josh Feast Answers the Call with AI

This week on JobMakers, Guest Host Jo Napolitano talks with Josh Feast, the CEO and Co-Founder of Cogito, a Boston-based software company that deploys Artificial Intelligence (AI) to help employers in a wide variety of industries improve their customer service call centers. They discuss the many applications of Artificial Intelligence, how it helps provide emotional intelligence to augment management practices at large organizations, and how to address some of the concerns about privacy and bias that have been raised around its use.

Mahmud Jafri Builds on a Pakistani Legacy in America

This week on JobMakers, Host Denzil Mohammed talks with Mahmud Jafri, who built on a legacy started by his grandfather and began importing hand-knitted rugs from his native Pakistan, creating opportunities especially for women who traditionally couldn’t work outside the home. Today, he has three Dover Rug & Home stores across Massachusetts, including the Back Bay.

Pipelines Are Infrastructure: Colonial Incident Reveals Dark Side of Cyber Vulnerability

This week on Hubwonk, Host Joe Selvaggi talks with cyber security expert Dr. Brandon Valeriano about the Colonial Pipeline shutdown and our national exposure to cyberattack on vital infrastructure.