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The Curious Case Of Bad Math & Why It Does Not Matter
I have recently been reminded of some of the nonsensical insurance idiosyncrasies that veterans of the industry take for granted. Several of these involve math—and bad math in particular. 1. ...
RMS(one) Explained
When RMS developed its recently unveiled software platform RMS(one), the catastrophe modeling firm had a wide range of potential users in mind—many of whom are not accustomed to tinkering around ...
Study Raises New Concern About Earthquakes’ Links To Fracking Fluids
Powerful earthquakes thousands of miles away can trigger swarms of minor quakes near wastewater-injection wells like those used in oil and gas recovery, scientists reported on Thursday, sometimes ...
Form F, ORSA Rules Open New Windows For Insurance Regulators
Executives of property/casualty insurers are getting comfortable with the idea that they have to file Enterprise Risk Reports and Own Risk and Solvency Assessments (ORSA) with U.S. insurance ...
Insurance Regulators Brace For Technology-Related Issues
Should auto insurers be able to monitor the sleep patterns of their policyholders? The question is not as far-fetched as it seems in a world where carrier creativity and technology advances ...
Myths About The Federal Insurance Office
In the aftermath of the recent financial crisis, Congress created the Federal Insurance Office (FIO) to ensure it had information about the insurance industry. To understand what the FIO means to the ...
Sandy Collector Auto Claims: A CEO’s Takeaways From The Nation’s 3rd-Worst Insurance Disaster
Superstorm Sandy made landfall October 29, 2012, crossing the coast of New Jersey and creating damage in a widespread path up and down the East Coast. Sandy, a post-tropical cyclone, caused more ...
Insurer Insolvencies Fuel Director Liability; Board Roles Becoming More Complex
Member of boards of directors of insurance companies are increasingly concerned about lawsuits they might face in troubled situations—and they should be, according to a former insurance regulator. ...