Summary:1) You can’t save 15% in 15 minutes – maybe 15 hours though?2) Forget about saving, you’re lucky if you can even get an online quote.3) The disparity in website sophistication across companies is shocking. Christmas Shopping For Insurance! Why am I shopping for homeowner’s coverage? Did I need something Continue Reading
IANS ALERT: The Amazon Negligence Claims
The Wall Street Journal, among others, has done a great job recently highlighting issues with the third party selling practices at Amazon. I wanted to highlight them today because there is a risk of significant insurance losses if the plaintiff’s bar decides to target Amazon. Background Amazon sells products in Continue Reading
The Stakeholder’s Dividend
Yes, this is another ESG post, but it is different than the others. This time I come forward with a solution! Creating Accountability One of my bigger criticisms of ESG is there are no checks or balances on it. All these companies hire ESG chiefs and give them free reign. Continue Reading
Adverse Selection in Pizza Insurance
Surely, most of you by now have seen the Domino’s commercial about “pizza insurance“. While most of you probably recognize it as a gimmick, I can’t help but take it more seriously. So, today I’m going to evaluate two things. Does pizza insurance provide value to the customer? Is Domino’s Continue Reading
How Low Can EPS Go?
While there seems to be growing consternation about the risk to insurers from escalating loss trend pressure, there has been little worry in the stocks to this point. This has been puzzling to me given a) most stocks are trading at peak valuation and b) earnings could easily be heading Continue Reading
Did Catlin Put Out An IANS ALERT?
Summary:1) Stephen Catlin claims insurers are $100-200B underreserved.2) I show the math can’t get you there.3) A $30B US shortfall is plausible.4) Earnings estimates are too high across the board regardless. First, A Pat on the Back! Before we discuss last week’s “news” that Stephen Catlin thinks the insurance industry Continue Reading
IANS ALERT: Emerging D&O Losses
For those truly discerning readers, you might be saying right now, didn’t he already do an ALERT for D&O? And, yes, kudos to you, you have a fine memory! However, that was related to the frequency of nuisance suits like M&A objections. This ALERT is for the coming severity driven Continue Reading
Ian’s Brief #2: The Insurance Haunted House, Underreserved Wildebeests, Mattress Mack, and More
Some may recall the first edition of the Brief where I followed up on some prior topics along with some new thoughts not long enough to make a full post. For Halloween and to keep things light during earnings, I am back with Brief #2. The Insurance Haunted House Nothing Continue Reading
Five Suggestions to Improve the NBA
Since a) it’s earnings week and b) the NBA just started back up, I thought it was time for a lighter topic. I have five out of the box ideas to improve the product. If anyone reading this has Adam Silver or Michele Roberts’ email or can DM them on Continue Reading
Reissuing: The Path of Pricing
Given today’s Traveler’s news, I thought it was worth sending around again my commentary from last quarter on pricing and loss costs. I humbly suggest it is worth a re-read. My earlier longer post on pricing can be found below. If you want to skip the history and get to Continue Reading