Study Group: Actuarial Consultants(?)

Uncertainty breeds panic among people who seek to quantify risk, whether they do so judgmentally or with complex, elaborate "predictive risk models."  There is a dislocation taking place among the world's economies and the markets are simply struggling to quantify the meaning of the structural...

This article addresses issues about Florida Property Insurance that are important to policyholders, insurers, and the general public.  The basic thrust of my comments are to outline important actions for the state and the insurance regulators to take, and to explain why heavy regulation of insurance...

The characteristics of Nonstandard Auto insurance listed in this article are well known, and one can find information at the Casualty Actuarial Society website www.casact.org by entering a search string such as “nonstandard auto”.   Any business entering this market must understand the effect...

The United States has very limited price transparency for medical providers and facilities. The lack of price transparency artificially raises costs in the United States because there is very little price competition for services.  This is true even in areas where there is excess capacity.

Contingent commissions, if not disclosed, can result in brokerage clients not knowing how much they are paying for the services they receive from their risk brokers. A commission should be viewed as just an alternative to fee-based consulting.  In theory the amount of commissions received should...