Here is my latest article ( http://goo.gl/hpW8op ), published at the Insurance Thought Leadership blog. I’d like to thank my co-author, Ivan Maddox.
The same thing happens with CAT models (remember “near-term rates?) Not Unreasonable From John Taylor’s post on the fed’s model error: The solid black line plots changes in the estimated sacrifice ratio of unemployment to changes in inflation implied by the model over 64 vintages. Could easily be an actuary’s pricing model. That’s overfitting, folks. Responding … More Your Grandfather’s Model (Is Your Model too)
I could forgive not placing the hole far enough away, but not paying your premium?? http://goo.gl/O7OSx8
Here is a link to an article ( http://goo.gl/KEHLT5 ) about a women in Huntington Beach, CA who was forced into buying flood insurance. The important takeaway is that there are other options besides NFIP and if you shop around you are likely to get a better deal.
Newsday editorial staff really embarrasses itself with how little it understands about insurance. #makingstuffup … More Newsday Needs an Insurance 101. Let Me Help Them.
Here is a link to a report published by Karen Clark & Co, which as the title suggests, highlights the top US cities exposed to storm surge. Should be no surprises but the level of analysis is very high!
Originally posted on InsNerds.com:
This article originally published on InsNerds. Today we feature a guest article by Nicholas Lamparelli, Catastrophe Modeler at QBE. Like many of you, my path into the insurance field was not a contemplated career decision. I didn’t even really know what insurance was when I was in school. For better…
Probabilistic Flood modeling for European properties is several years old and expanding: http://www.air-worldwide.com/Publications/Presentations/When-the-Rivers-Rise-and-the-Waters-Flow–AIR-Inland-Flood-Model-for-Central-Europe/ #wakeupUSA #Flood #Floodinsurance
I have a friend who is an actuary. He lives near a levee system in Southern California. He approached me and said, “I am thinking about buying flood insurance”. I thought that was odd. Most of California is in a drought, he’s owned his home for years and hasn’t had a whiff of flooding. He … More Adverse Selection In Action
The title of this blog article is “The History of Risk Management” but the Insurance column dominates the historical paradigm. https://riskviews.wordpress.com/history-of-risk-management-2/