“We go out in the world and take our chances, Fate is just the weight of circumstances, That’s the way that Lady Luck dances, Roll the bones… Why does it happen?, Because it happens Roll the bones” Roll The Bones – Rush Here are many of the (non)-lessons I have learned from Hurricane Irma. … Read more
Today we have the third part of our series on Catastrophe Modeling. Click here for part one and here for part two. “If you challenge conventional wisdom, you will find ways to do things much better than they are currently done.” Bill James (author of Baseball Abstracts and Godfather of “ Moneyball”) In this, my final … Read more
Today we have part two of our our series on Catastrophe Models. You can read part one here. “You stop sending me information, and start getting me some.” Gordon Gekko In this, the second part of our series on CAT models, we will go into the guts of a catastrophe (CAT) model and explain how they … Read more
This article originally appeared on InsNerds.com “The information you have is not the information you want. The information you want is not the information you need. The information you need is not the information you can obtain. The information you can obtain costs more than you want to pay” ― Peter L. Bernstein, Against … Read more