The Critical Importance of Rating Agencies: Joseph Petrelli, CEO of Demotech (AoB S1E3)

Insurance company Rating Agencies perform a critical and yet, underappreciated function to society. As an impartial 3rd party, Rating Agencies evaluate insurance companies for their ability to pay future claims and remain solvent. Now the ability to pay future claims depends on a large part to the amount of assets and surplus an insurer has … Read more

The Bad, The Ugly, & The Disruptive (History) of Florida Insurance Litigation – Wes Todd, CEO of CaseGlide (The Assignment of Benefits Podcast S1E1)

– Mold is Gold Florida’s insurance market is a mess! How did this happen? This this debut episode of Assignment of Benefits podcast, host Nick Lamparelli discusses the history of mass litigation in Florida and its devastating affects on the Florida insurance marketplace with Wesley Todd, CEO of CaseGlide (St. Pete, FL) From Hurricane Andrew to “mold is gold” … Read more

It’s Only Natural – How Better Emissions Data = Better Energy Underwriting

The (re)insurance industry has a long history of working on society’s hardest problems because today’s top-of-mind issues are yesterday’s risk management questions. This early involvement allows (re)insurers to go beyond simply doing their part and diversifying risk – they can lead the way to new solutions and innovations by incentivizing businesses and entire industries to … Read more

Profiles in Risk – E475: The Evolution of Property Data Continues – Vivek Sablani, CEO of Wizard Analytics

In late 1992, in the aftermath of Hurricane Andrew a sinking realization entered into the property insurance market…we didn’t know where our exposures were!…nor had any clue about what we knew about those exposures…even if we had known where they were located!!! (No story quite captures this realization than Michael Lewis’ In Nature’s Casino New … Read more

Profiles in Risk – E460: Creating Ultra-HighRes Vegetation Mapping For Better Wildfire Defense; Gus Calderon, Co-Founder of FireWatch

Vegetative fuel models are a vital component for wildfire stakeholders in understanding the frequency and severity of wildfire events. It is the fuel models which allow us to simulate events and study how a wildfire will behave under certain circumstances. Wildfire spread is highly correlated with the density of vegetation and the combustibility of that … Read more