This Week's Top Reads: InsurTech
Top 3 articles this week: 1️⃣ How InsurTech is doing in France? 2️⃣ Pooling against climate risks? 3️⃣ Why AI models go out in stages? 👉 https://t.co/hi8FzpIjro — fgtrends
Most Homeowners Misjudge Flood Risk—Get Coverage Quote
#Flood #Risk is no longer confined to coastlines. 64% of #homeowners believe they are not at risk of flooding contributing to a significant protection gap. Flood coverage is excluded under a renters/HO policy. Worth getting a quote. Then decide....
AI Advisory Cuts Corporate Insurance Costs by 30%
Huscarl (https://t.co/CutB1JCSro) is an AI-native advisory firm for corporations buying insurance, helping them save 30% on annual premiums with zero downside. https://t.co/zx4aMlJQoj https://t.co/jieNr8zu6n
Charge Masters Are Fake Prices Exploiting Patients for Profit
Gotta make charge masters real prices or get rid of them. The CM is like WAC in pharma. It's a made up number that abuses the uninsured , those in their deductible phase, and those who need...
AI Startup’s Data Practices Spark Legal Risk
A fast-growing AI startup is facing serious legal pressure. Mercor is being sued over alleged data collection and exposure practices, following a breach involving sensitive contractor information. It highlights a critical issue. In AI, data is the foundation, but how it is...
Cybersecurity Shifts to Executive Strategic Priority in AI Era
Anthropic’s Claude Mythos is reframing cybersecurity at the top level. The risk is no longer a technical issue to delegate, but a core business concern that requires executive attention. This is the wake-up call. In the AI era, cybersecurity becomes a strategic...
Ultra‑wealthy Families Reshape Risk Strategies Amid Climate Uncertainty
How are ultra-wealthy families rethinking risk in the age of climate uncertainty? To find out, I interviewed Donald Poster, the National Family Office Leader for Aon Private Risk Management, for @CrainCurrency. Article link in the comments https://t.co/kelse1ios9
AI Agents Create Unprecedented, Unpredictable Insurance Risk
AI agents present an unprecedented insurance challenge because of their unpredictable behavior, which cannot be compared with business perils such as hurricanes "where the parameters of the threat are easier to define" @FT https://t.co/3mdMpPESBl
Insurers Reject Medicare Obesity Coverage, Govt Steps In
The insurers didn't want to play ball on Medicare + obesity med coverage, so the govt will pick up the tab. "Balance" program indefinitely delayed, Max reports (after rushing out of the award lunch where he just won for his...
Resilience Is the New Strategic Investment, Not a Cost
🌟 Systemic risk is the new hidden tax on growth. With Q1 global catastrophe losses surpassing $20B, resilience is no longer a compliance cost—it’s a strategic investment. Leaders who understand this will define the next decade. Read my latest newsletter...
Labor Dept Demands PBM Payment Transparency Amid Legal Pushback
The Labor Department wants pharmacy benefit managers to disclose, for the first time, all the different ways they get paid. PBMs are warning this proposal is illegal. Supporters want the proposal to go further. The black box of Rx prices...
Risk Managers Must Lead Geopolitical Decision Support Now
Fareed echos almost all the sentiment in the Global South, from what I’ve been reading. Very strange and unpredictable times for risk managers. Geopolitical decision making by the C-Suite need to be closely supported with genuine relevant risk related facts...
Bill Helps First Responders Afford Homes Near Their Communities
Too often, those who protect our communities are priced out of them. SB26-053 helps change that—making it easier for our first responders to live where they serve. Thank you to the bipartisan sponsors, Senators Barbara Kirkmeyer and Kyle Mullica, and...
Courts Must Decide AI Liability: Companies or Developers
Who is liable when artificial intelligence makes mistakes? At issue in the Mobley case is whether courts will impute legal responsibility to AI systems for decisions they take on behalf of companies, or whether liability will sit with the companies —...
Insurance Needs Reinvention: Massive Opportunity in a Changed World
We're at a critical moment where reinventing the insurance industry is a massive opportunity. It was built for a world that no longer exists. *Not financial advice*
Specialized Insurance Shields Puerto Rican Star From Rain Risks
Niche insurance helped the Puerto Rican mega-star safeguard against any potential losses caused by heavy rain at sold-out concerts in Colombia. https://t.co/uXlnNCSd6n
Insurers Outsource Care and Denials to Profit‑driven Firms
They don’t depend on Medicare/caid , they depend on being able to arbitrage the taxpayer funds they recieve. They take their capitation amount , then outsource the actual performance of care to either the providers they own or VBC...
DeFi Must Trade Efficiency for Stronger Guardrails
It’s hard to build in DeFi. Mad respect for everyone doing it like G. You need constant, never-ending vigilance against an evolving attack surface area Which is why I’ll keep saying it: we need to be comfortable trading some efficiency and...
Leverage IoT Data to Underwrite Emerging Risks
New risks? Use IoT data to insure them https://t.co/qUlbA7HxUl @CedarStResearch @jeffroth77 @GalenDShaffer @JimMarous @FGraillot @nigelwalsh @SpirosMargaris @jblefevre60 @robgalb @RonnoArnold @hedgequote @Nick_Lamparelli @antgrasso @hugues_bertin @globaliqx @psb_dc @an_battista
Subsidies Enrich Middlemen, Inflate Premiums, Close Clinics
The subsidy was never for your patients. It was for the middlemen. Paula Muto, vascular surgeon and founder of UBERDOC, lays out the healthcare math that explains why your Medicare Advantage patients are losing access, why your Medicaid reimbursement went...
Uninsured Drivers Now the New Baseline, Says IAA Veteran
Former Board Member at IAA believes the high rate of uninsured drivers is the new base unless there is more regulatory change $CPRT
Missing Protection at Market Peaks Leads to Regret
Remember 3 weeks ago when you were mad at yourself for not buying protection/insurance when markets were at their all time highs and the vix was in the teens...? https://t.co/xBbSHvbDuL
Insurers Blame War for Nord Stream Blasts to Dodge Payouts
The strange case of Nord Stream > Nord Stream blasts due to war, say insurers seeking to avoid pay out https://t.co/UUFSILeW34
Update Insurance: Rising Construction Costs Leave Owners Under‑insured
Often, long-term real estate owners set their insurance coverages when they buy, then fail to review them as the policies renew annually. That's a mistake. Construction prices have soared over the past 10 yrs. If you...
HSAs Without Insurance Could End Perpetual Premium Debt
The one debt you can’t ever pay off ? Your insurance premiums. You literally will pay an insurance premium monthly, till you die. But we don’t look at it like it’s a debt paid to an insurance company that...
Resilient Design Streamlines Solar Project Underwriting
How a resilient design strategy positively affects the underwriting process for solar projects #energysky -- via pv magazine usa: https://t.co/CWfToNb6qu
Regulators Flag AI as Emerging Financial Stability Threat
Regulators are starting to take AI risks seriously. U.S. officials have warned banks about the cybersecurity threats posed by increasingly powerful AI systems, signaling concern at the highest levels. This is a shift. AI is no longer just a tech issue, it...
Motor Insurance Faces Disruption From Data‑Driven Models
Is this the end of motor insurance (as we know it)? → https://t.co/kGPuNLTae5 This is how I would summarize that article published recently in the Financial Times. https://t.co/qEqu1x8ssB
Vote Patrick to Preserve State Insurance Access
OMG, I *love* this ad. Vote for Patrick in the primary in less than 2 months for insurance commissioner. Please do not vote for Jane, whose election would be existential for even the very availability of insurance in the state....
Landslides Profit Politicians, Devastate Homeowners
#Landslides: good for pols, bad for homeowners. Dealing w/no power, windows that won't shut, split floors. Also #WSJ newsletter tackles #Cranston, #Herjavic, #Ozzy. #realestate #CRE #mortgage #CA #IMPei #FEMA #RanchoPalosVerdes https://t.co/Ms51DXCjfr via @WSJ
Sectional Titles Face Higher SASRIA Rates, Becoming Riskier Investments
Sectional titles are in for a rude awakening in South Africa, 𝗶𝘁’𝘀 𝗯𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗻𝗼𝗻-𝘃𝗶𝗮𝗯𝗹𝗲 𝗮𝗻𝗱 𝗺𝗼𝗿𝗲 𝗿𝗶𝘀𝗸𝗶𝗲𝗿 𝘁𝗼 𝗶𝗻𝘃𝗲𝘀𝘁 𝗶𝗻𝘁𝗼 𝘁𝗵𝗲𝗺. “Due to the unprecedented unrest event of July 2021, SASRIA initiated a rate increase across its product lines in 2022” However,...
Fed Warns Banks: Anthropic AI Model Sparks Risk Alarm
Is this a tipping point for AI risk? → https://t.co/hiPQb8y4oj The FED gathered major US banks to warn them about the risks posed by Anthropic’s latest AI model. https://t.co/93oIVwzTLa
Prediction‑Market Insurance Lets Bots Profit by Providing Liquidity
If prediction markets are getting used efficiently, for insurance, you could almost expect this bot to make money. Why? Because to buy insurance with prediction markets, usually you're betting yes: Yes Amazon AWS will will; Yes rain will come. Thus, the bot provides...
Taipei Masterclass Empowers Next‑Gen Risk Takers
Taipei Taiwan was a wonderful @PARIMAorg Masterclass event once again last week. Tremendous deep dive sessions by Aon, Marsh, WTW and Zurich followed by another tremendous Next Gen Risk Takers play off where I was delighted to mentor one of...
Alternative Investors Flood Property Reinsurance, Revamping 180‑year Model
Alternative investment managers are pouring unprecedented sums of money into the market for property cover, and reshaping a 180-year-old reinsurance model in the process https://t.co/QhcdlscjI1
Reimbursement Gap Forces Doctors Out of Private Practice
Hospitals get paid two to three times more than a private practice office for the exact same visit. Then we wonder why 75 percent of doctors left independent practice. Neurologist Scott Tzorfas has run a solo practice for 30 years....
Vendor Gets Safe Revenue, You Shoulder All Risk
The vendor is secure with their subscription revenue, regardless of your project's outcome. You bear all the risk, costs, and uncertainty about business value materializing. When pressure mounts, blame often lands with you. #BusinessStrategy #RiskManagement https://t.co/b4QlSGFlb4
NFI Faces $650M Claim; Insurance Coverage Uncertain
NFI could be on the hook for $650m claim just in property damage and lost product. Wonder how much they are insured.
Credit Score Influences Home Insurance Like Disaster Zones
Your credit has as much of an impact on your homeowners insurance premium as whether or not you live in a disaster-prone area. https://t.co/PQ2K1kvGSE
Insurtech Trio Thrives Amid Record Industry Profitability
how has the #insurtech trio performed in a year of spectacular profitability for the insurance sector? https://t.co/9v9qlzrsRL via @LinkedIn @jeffroth77 @GalenDShaffer @JimMarous @FGraillot @nigelwalsh @SpirosMargaris @jblefevre60 @robgalb @RonnoArnold @hedgequote @Nick_Lamparelli @antgrasso @hugues_bertin @globaliqx @psb_dc @an_battista
Climate Change Set to Spike Bills, Cripple Insurance, Real Estate
A new California report warns climate change is not only inflating power bills, but threatens to decimate the insurance and real estate markets https://t.co/GUSzAK71H1
Insufficient Hormuz Transits Hinder Risk Diversification
With regards to Strait of Hormuz Insurance, I think it is tough for underwrites to see enough transits to generate a meaningful premium base and be diversified If you only are insuring 5 voyages a day you can't spread out the...
NAIC Gains Power to Challenge Inflated Private Ratings
"This year NAIC analysts got authority from state regulators to challenge private letter ratings if they're 3 notches above what the staffers believe is appropriate. The power took effect in January, >5 years after they started asking for it." https://t.co/1xrLwzOj6Z ht @BenBrey
Trump’s Anti‑insurer Rhetoric Masks Policies Boosting Profits
The Trump administration has voiced some tough rhetoric about health insurers. But almost every major decision from Trump officials has benefited insurers and their bottom lines. The new Medicare Advantage rule is the latest example. https://t.co/ziGzSwknqK https://t.co/N3ACGahj3C
Admin Conflict Leads CMS Changes Favoring Insurers, Wall Street Wins
My guess is Russ Vought told the CMS guys ‘redo this to make insurers happy.’ But who knows? There was a conflict within the admin and as usual Wall Street won.
Only 18% APY Justifies On‑Chain Risk
Back in peak DeFi farming days you’d think about APY as how many days it would take to recoup principal with the yield. That’s how risky it felt and that same rigor should be applied when thinking about interacting onchain today. Yes,...
Insurers Must Redesign for Autonomous AI, Not Upgrade Legacy
Most insurers think they’re getting ready for AI. They’re not. They’re preparing for a version of AI that improves yesterday’s operating model, not one that reshapes tomorrow’s business. That’s the mistake. The real shift in insurance is not about layering AI onto existing workflows....
Jefferson Health Sues Aetna over Downcoding, Avoids Class Action
Jefferson Health sues Aetna over ‘downcoding’ policy I’m surprised they couldn’t make this a class action lawsuit https://t.co/tZgfdFxRJE
Hail‑Ready Solar Projects Earn Lower Insurance Premiums
kWh Analytics to reward hail-ready solar projects with lower insurance costs #energysky -- via Solar Power World: https://t.co/J1dOJ4DGwt
Winning Peer-to-Peer Calls Requires Speaking the Payer’s Language
Physicians are not losing many peer-to-peer calls because they are clinically wrong. They are losing because they are arguing care in a process that is judging criteria. That is the most important insight in this KevinMD article. On one side of the call...