Wednesday, May 28, 2014
Weâ€™re honored to be hosting Cavalcade of Risk #209. For those of you not already in the know, the CavRisk blog carnival is a round-up of risk and insurance-related posts from around the blogosphere.
With the official start of the 2014 Atlantic hurricane season just days away, thereâ€™s no better place to begin this weekâ€™s Cav than with a post on hurricane risk pricing. In Hurricane Pricing At All Time Low, Paul Dzielinski of The Dec Page argues that residual market boards and politicians should be taking advantage of this pricing arbitrage to buy more reinsurance.
The techniques insurers use to evaluate and ultimately price a risk have come a long way over the years. InsureBlogâ€™s Henry Stern steps outside his comfort zone with this post on predictive analytics (aka â€œmodelingâ€) and how this innovative risk assessment tool is used in the commercial risk field in Predictive Analytics (A Risky P&C Post).
Data Breaches are becoming more common in businesses both large and small and these attacks typically are not covered under your standard general liability insurance policy. In Cyber Liability Insurance – A Definition, R J Weiss CFP of WeissIns provides a timely overview of cyber liability insurance and what it covers.
The Supreme Court upheld the Affordable Care Act with one major exception; it declared that states did not have to expand their Medicaid eligibility rules. This puts in play a risky proposition for several states and their constituents. In ACA, Medicaid Enrollment and the Woodwork Effect Jason Shafrin at The HealthCare Economist explains that the ACA may have indirectly increased Medicaid enrollment even in states that did not change their eligibility rules, while David Williams at Health Business Blog highlights the risk to rural hospitals as a result of the refusal of states to tow the line in Medicaid Expansion Rejection Starts to Bite.
And no risk assessment would be complete without a bold prediction into the future. In McDonaldâ€™s Workers Fight to Automate Their Jobs, Bob Wilson at workerscompensation.com speculates that for retail and food service employees fighting to double the minimum wage, the true enemy is not the employer, but rather technology and simple economics.
Over and out from us. Jeff Root at http://www.rootfin.com/ will host the next Cavalcade of Risk.