Good Underwriting is Good for Insurance

My good friend Ivan Maddox on why good insurance is good for society:

Who Am I?

I am a 20-year veteran of the insurance wars. I’ve sold hundreds (thousands?) of insurance policies! I’ve brokered hundreds (thousands?) of insurance policies!! I’ve underwritten hundreds (definitely NOT thousands) of insurance policies!!! I’ve modeled millions of locations!!!! Today, my passion is with how risk within insurance policies should be quantified and presented. Powerful tools now exist … More Who Am I?

Lessons from Lloyds

Originally posted on deconstructingrisk:
There is little doubt that the financial services industry is currently facing many challenges and undergoing a generational change. The US economist Thomas Philippon opined that the finance industry over-expansion in the US means that it’s share of GDP is about 2 percentage points higher than it needs to be although…

Using Catastrophe Models

Originally posted on
Today we have the third part of guest author Nick Lamparelli‘s series on Catastrophe Modeling. Click here for part one and here for part two. “If you challenge conventional wisdom, you will find ways to do things much better than they are currently done.” Bill James (author of Baseball Abstracts…

On Brain Stimulation

Originally posted on Not Unreasonable:
(1) We have no fucking clue how to simulate a brain. We can’t simulate the brain of C. Elegans, a very well studied roundworm (first animal to have its genome sequenced) in which every animal has exactly the same 302-neuron brain (out of 959 total cells) and we know the…

Loosen The Exclusion – It’s Time To Offer Standard Flood Insurance Coverage

Here is my latest article on Insurance Thought Leadership. I wrote this as I painfully watched the Carolina floods from the airport in JFK. All I kept thinking about was, these people will need to be made whole and that process is going to be another catastrophic experience from them simply because no sophisticated … More Loosen The Exclusion – It’s Time To Offer Standard Flood Insurance Coverage