Legalizing Marijuana Expands Auto and Workers’ Comp Risk
Legalizing marijuana expands its use. And that widens the risk potential of on-the-road and on-the-job accidents. Just how much is legalizing marijuana affecting auto and workers’ compensation coverage? I try to answer that in my latest Actuarial Review article, “Reefer Madness.” (Non-insurance folks should read the article as well.) Using all the information I could find […]
Cyber Risk and Insurance Continue to Grow
Cyber risk and insurance continue to gain momentum. More companies realize they need it. And insurers are expanding coverage – and enjoying profitability. That said, cyber insurance continues to be an especially risky insurance line. This is part of what I discuss in my recently published article, “Expansive Variance.” Published in Actuarial Review, I titled the […]
Lessons to Learn from the CATs of 2017
There is a lot to learn from the weather CATs of 2017. My most recent article, 2017-The Year of the CATs, published recently in Actuarial Review, covers natural catastrophes Hurricanes Harvey, Irma, Maria and last fall’s combined California wildfires. The article also takes a unique look each CAT, showcasing lessons learned and ones yet-to-be learned. […]
Driverless Cars Not Proven To Be Safer
There is no proof that driverless cars will be safer than human drivers. I found myself saying that aloud to a radio ad yesterday. In explaining his support for driverless car experimentation in Michigan, Governor Rick Snyder notes that 94% of accidents are caused by human error. The implied assumption is that driverless cars will […]
Insurers Begin to Include Rising Sea Levels into Rates
Insurers are beginning to introduce rising sea levels into rates, according to my latest article, “The SLR Factor: As sea levels rise, the flood risk equation changes.” It was published recently in the Casualty Actuarial Society’s Actuarial Review magazine. The National Flood Insurance Program (NFIP), the nation’s largest insurer of homeowners’ flood insurance, is beginning […]
Insurtech Revolution Will Transform the Business of Insurance
The Insurtech Revolution is here. My most recent Actuarial Review article, “The Insurtech Revolution,” cuts through the buzz and highlights areas where insurtech is likely to transform the insurance industry. Insurtech is like any quickly emerging development. There is a lot of activity, confusion and a dash of hype. That’s why my first question to […]
Actuaries Applying Advanced Analytics in Non-Traditional Roles
Actuaries applying advanced analytics in non-traditional insurance roles are deploying their acumen to solve business problems. As demonstrated in Part II of my Actuarial Review series about “the others,” actuaries applying advanced analytics are working in various industries. (“The others” are members of the Casualty Actuarial Society who not working in traditional insurance industry actuarial […]
Actuaries Forging Non-Traditional Career Paths – Part 1
My latest Actuarial Review article profiles property-casualty actuaries forging non-traditional career paths. To write the article, I went through a list of members of the Casualty Actuarial Society who are not working for insurance companies or serving as consultants. This list features about 3 percent of the CAS’s membership. In the article, I cover four […]
Flood Insurance Requires Vision by Congress
Creating a public/private partnership for flood insurance requires vision by Congress. That’s my conclusion after writing my latest Actuarial Review article, Legislative Levee. Unfortunately, there is little time for overall vision when Congress must approve the reauthorization of the National Flood Insurance Program (NFIP) by September 30th. Since my article crystallizes many of the issues […]
To Write Successful Marketing Content, Think Like A Journalist
To write successful marketing content, think like a journalist. This approach certainly works for my clients and my company. The primary goal of content marketing is to provide “organic” content — as opposed to advertising — to boost Search Engine Optimization (SEO) to attract potential customers. While executives can get excited about the bells and […]
