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