Baribeau to Speak at Casualty Actuarial Society’s Annual Meeting
This Tuesday, I will be speaking at the Casualty Actuarial Society’s Annual Meeting on November 10, 2020. During the presentation,” COVID-19: The Good, The Bad and the Ugly,” I will be looking at the insurance risks and opportunities that could result from the coronavirus. Some of my remarks will be based on articles I have […]
Commercial Property Insurance in Peril
Commercial property insurance was already struggling before COVID-19 hit the scene. Double-digit rate increases were bad enough but hit the highest in 35 years. As I cover in Actuarial Review’s article, Perilous Times: COVID 19 & Vexing Variables, there were several things going on. Consider: Catastrophic weather-related losses have been exceptionally high – at least for […]
Marijuana Industry Insurance Options Grow, But Practical and Moral Issues Remain
The marijuana industry is attracting more attention from business insurance agents and brokers. As I explain in my Leader’s Edge article, Budding Business, the burgeoning legal pot industry is calling for more insurance options. However, insurance companies selling business insurance are not exactly jumping at the chance to offer the full array of coverages enjoyed […]
Emerging Risks Insurers Are Watching — and So Should You
Emerging risks are a mixture of perception and reality. If you asked executives in 1999 to name one of their top concerns, many would have answered Y2K. It turned out Y2K caused a lot of hysteria and a lot of computer consultants made a ton in the process. Then there are the risks that people […]
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 […]
Claim Closure Can Enhance Customer Experience, Branding
Claim closure can set a positive tone that bolsters overall customer experience and an insurer’s brand. How insurance companies finish off the claim process can leave an overall impression that can affect customer retention and loyalty. It’s really quite simple, isn’t it? When someone is happy with their insurance company, they recommend it to friends […]
Trump Calls Dodd-Frank Act a Disaster
President Donald J. Trump called the Dodd-Frank Act a disaster, according to an article published at cnn.com yesterday. He pledges to take on the negative consequences of the act. Last week I predicted that Trump would take on the Dodd-Frank Act and Trump’s statement provides confirmation. My views differed from other experts who predicted last […]
Will Trump Help Eliminate The Dodd-Frank Act’s Insurance Provisions?
Changing the Affordable Care Act is a top priority for President Donald J. Trump. Lobbyists that represent property-casualty insurance companies are hopeful he also will help eliminate The Dodd-Frank Act’s provisions affecting their industry. In a recently released video, the Property Casualty Insurers Association of America (PCI) President David Sampson discusses its legislative goals for […]
The Problem of Pain
“Pain,” wrote C.S. Lewis of The Chronicles of Narnia fame, “is God’s megaphone to the world.” In our bodies, pain is the brain’s megaphone that something is not right. On an immediate level, acute pain tells us to stop whatever it is we are doing. How to handle the problem of pain as a society […]
