In light of today’s SpaceX IPO, I thought I should address whether insurers are making a gigantic mistake writing D&O for the company (it has been reported that SpaceX is looking to buy a $200M tower). After all, Tesla famously had issues around Elon’s uninsurability leading him to have to Continue Reading
The S&P Is Going To 10K (On The Way to 5K)
Honestly, I really think we’re going to 9000 before heading to 6000, so why say 10K and 5K? But let’s address the substance. Why make this call at all and, specifically, why now? Why make this call when the odds are high that it will be wrong? Why not? The Continue Reading
The College Admissions Oligopoly
It’s college commencement season so it seems like an appropriate time for me to write about how messed up college admissions are in the US. I am finally free to speak out with my kids now all in (or admitted to) college, so here’s what I learned from navigating the Continue Reading
The Truth Behind Hedge Fund and Private Credit “Excess” Returns
I have a lot I’ve wanted to say about private credit and I will get to that at some point in the future, but before I do, I wanted to start with something simpler. Most people don’t understand that these alternative investment products (I assume private equity and venture capital Continue Reading
The Doomsday Clock Speeds Up For Cyber Underwriters
Sometimes, I do a pretty good job at spotlighting a future issue – though sometimes it happened so long ago I have to remind myself what I actually wrote initially. I do feel overall like some of my older writings are more valuable than recent entries, so when there is Continue Reading
What Everyone Is Getting Wrong About Brokers and AI
OK, I finally made some time for my long delayed take on what AI means for insurance brokers. The short story is I think the consensus has it totally backwards. The perception is small commercial and personal lines are most at risk of disruption while the larger public brokers are Continue Reading
Should Baseball Allow Players To Bet On Games?
This week is the beginning of the baseball season. To celebrate, I’ve decided to touch the third rail. Baseball has long banned gambling to preserve the integrity of the game. This made a ton of sense historically because of the fear that players would gamble to lose games rather than Continue Reading
March Madness and the Middle East
It’s that time of year again, where everyone who doesn’t pay attention to basketball all season long pretends they’re an expert and fills out a tournament bracket. I’ll get to some thoughts on this year’s field a little later, but this March is a little madder than usual given events Continue Reading
Will There Be Losses From Middle East Data Centers?
I have a lot to say about insurance involvement in data centers but that will come in the future. Today will be another short note on current events. Namely, what happens if Iran decides to attack data centers? You can see here (and in the image below) there are many, Continue Reading
Which Insurance Tech Solutions Are The Most Insulated From AI?
As I noted in recent posts, I had been working on a big piece about how AI could impact insurers including threats to data providers, brokers, D&O, the foolish carriers writing data center risk, and so on. That piece is now in the trash bin as current events moved too Continue Reading