With the NBA season coming to a close, the last big piece of news before next season is the finalization of the new TV contracts. We know TV revenue will go up dramatically, which creates a golden opportunity to rethink the economics of the sport. My proposal is to reduce Continue Reading
Remembering Dinos Iordanou
This was not at all what I had planned to write about this week, but I don’t think there is anything else I could write about now other than the loss of my friend, Dinos Iordanou, who passed over the weekend at age 74. This is hard to write, not Continue Reading
The Dangers Lurking In Excess Casualty
Most of you reading this are likely aware of the pressure on casualty loss trends due to rising social inflation and aggressive litigation tactics. However, unless you work in casualty excess or reinsurance, you may not be aware of how destructive rising casualty inflation can be. There is a significant Continue Reading
State Farm Policyholders Unite!
As a follow up to my recent piece on State Farm’s capital situation, I wanted to expand on the fundamental tensions underlying State Farm and its governance. State Farm, as you all know, is a mutual. That means its policyholders own it. Normally, owners of a business make the decisions Continue Reading