Just Thinking: Ebola and Workers’ Compensation
You know you’re a true workers’ comp junkie when you cannot hear the news without considering potential work-related implications. Not long after Thomas Eric Duncan — the first known person to develop Ebola in the United States — died yesterday, a sheriff’s deputy involved with the case entered a hospital due to potential Ebola symptoms. […]
Why the Terrorism Risk Insurance Act is Necessary
Tommorow is the 13th anniversary of Sept. 11, 2001, so it is fitting take a look at why the Terrorism Risk Insurance Act of 2002 needs its third re-extension. I cover this in “The TRIA Challenge,” which was recently published in the Casualty Actuarial Society’s Actuarial Review magazine as the September/October cover story and includes a sidebar on TRIA’s […]
Brokers Need to Take Advantage of Data for Future Success
To attract and retain customers, insurance brokers need to take advantage of data already buried in their electronic and paper files. My Leader’s Edge article, In the Zone: Keep Your Head in the Game Retaining Clients By Using the Competitive Data Hurtling Right at You, explains why 20th century business practices and assumptions no longer work […]
Thank You Tech Cast Global!!!
TechCast Global, which contributed significantly to my Contingencies article about disruptive technology and its effect on actuaries, the insurance industry and the rest of us, posted my blog and article about in the news section of their website. This is not the first time TechCast has been a good source for my forward-thinking work. Another article […]
Thanks to the Actuarial Pug for the Re-Post
Sometimes when I write an article I have no idea how popular it will be. I am pleased to thank the Actuarial Pug for re-posting my blog concerning actuaries and disruptive technology.
Thanks to Jim Carroll
Internationally recognized futurist Jim Carroll published his impressions of my article, Fast Forward: Emerging Technology and Actuarial Practice. “It’s a great article,” he wrote while offering a summary of the piece. To view it, please click here. http://www.jimcarroll.com/2014/07/trend-the-future-of-insurance-and-the-actuarial- profession/#.U7qwZ_ldXTp. Thanks for the mention and for your contributions to the article. To read my posting on […]
Disruptive Technology, Actuaries and the Rest of Us
Disruptive technology — defined as a new technology that unexpectedly displaces the established one — will change most professions. In the future, we will collaborate in the Cloud through mobile technology and intelligent interfaces while monitors track our vitals and aerobic activity. Big data will be fed into mega computers that will automate calculations and […]
The Other Reason for Rising Workers’ Comp Premiums
Workers’ compensation premiums are on the rise with little hint of near-term relief. To figure out why, workers’ comp experts first look under the hood to check out claim costs. Claim costs, however, are not going up at an alarming rate. A high unemployment rate means lower risk exposure. Medical costs are not increasing as […]
Can Disability and Accident Coverage Serve as a Workers’ Comp Substitute?
Sometimes I just don’t get it. An article published today in Insurance Journal, which looks more like a copied Aflac news release than a news article, says that employers who offer accident and disability coverage see reductions in workers’ compensation claims. What? Maybe I am naïve, but I thought work-related incidents were why workers’ comp […]
Just Own It
Could you imagine how much the world would change if people just took responsibility for their actions? It would certainly curb insurance costs and improve interpersonal relationships. A recent interchange with one of my teenage daughters got me thinking about this. It was a typical parent-teenager discussion, but it could have just as easily been […]
