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Newsday Needs an Insurance 101. Let Me Help Them.
Newsday editorial staff really embarrasses itself with how little it understands about insurance. #makingstuffup
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The Most Vulnerable US Cities To Storm Surge
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!
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Why I Love Insurance: Nick’s Story
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… -
Flood Risk Is Modelable: Europeans Have Been Doing It For Years
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
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Adverse Selection In Action
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 […]
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History of Insurance
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/
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When High Risk is NOT High Risk
I once worked for a E&S brokerage firm that had binding authority for general property insurance. As is often the case with E&S business, I received an “urgent” application for property coverage, which in this case, happened to be for a 3 family non-owner occupied building. The application was followed up immediately with a phone […]
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Modeling Flood Risk – The Peril of Inches
This is an article I published in Insurance Thought Leadership. The big picture is that flood risk is extremely difficult to quantify. A few inches of distance or elevation could change loss estimates dramatically. But all is not lost. With today’s technology, we know more than ever about where buildings stand and more importantly the […]
Nicholas Lamparelli 