The USA as an (Insurance) Startup by Peter Crowe of Team Focus Insurance Group & 🇺🇸 Nick Lamparelli of Insurance Nerds On July 4th, 1776, a remarkable startup was born. Dubbed the United States of America, this fledgling entity struggled in a world dominated by established powers. Much like any new business venture, the USA had to fight—quite literally—to establish its place. Once it found its footing, the next challenge was determining how to survive and thrive amidst formidable competitors. The parallels between the early USA and a modern startup insurer or managing general agency (MGA) are striking. As soon as you gain some traction, you face an immediate exposure management problem. For the USA, the exposure was not just financial but existential. Surrounded to the North by the British Empire (which they just fought against for several years), to the West by the French Empire, and to the South and Southwest by the Spanish Empire, the USA had to navigate an unstable geopolitical READ THE FULL ARTICLE HERE: https://lnkd.in/eeYFvEqP
About us
Insurance Nerds is the go-to source for transformational talent development and career management serving the global insurance ecosystem.
- Website
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http://www.insnerds.com
External link for Insurance Nerds
- Industry
- Insurance
- Company size
- 2-10 employees
- Headquarters
- Naples, Florida
- Type
- Privately Held
- Founded
- 2014
Locations
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Primary
Get directions
9089 Gervais Circle
2004
Naples, Florida 34120, US
Employees at Insurance Nerds
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Tony Steuer, CLU, LA, CPFFE
Changing the way we think about money | Best Selling Author | Podcaster | International Financial Preparedness Advocate | FinTech Advisor
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Tony Cañas, CPCU, MBA, AU, ARM, ARe, AIC, AIS
Insurance and Insurtech Talent Matchmaker | P&C Insurance Nerd | Best Selling Author | Speaker | 27k+
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🇺🇸 Nick Lamparelli
I am a translator - I help risk management professionals and their clients understand the consequences of highly unlikely but massively devastating…
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Carly Burnham, MBA, CPCU
Passionate About Improving Knowledge Transfer and Culture of Insurance Organizations.
Updates
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Insurance Nerds reposted this
Simplifying Actuarial Work through First Principles | “Reserves that Make Sense”
We often hear about loss reserves for P&C insurers, especially case and IBNR. But there are other types of liabilities that insurers are required to recognize. The attached summary provides a 50 thousand foot view of the various types of P&C reserves. I hope you find this summary handy. Be sure to follow me for more actuarial and risk management content! You can find a PDF copy of the attached overview on my website: https://lnkd.in/eVf934fv
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***CAREER ALERT***
Property Adjuster | Auto Appraiser | Customer Service, Communication, Empathy, Data Analysis | Built relationships w/ carriers and firms by embracing the correct training with a focus on customer service.
David Kazakevich, a recruiter with The Jonus Group and has claims roles to fill! In a day and age where accessing a recruiter is more and more difficult, David takes time to contact you and even works with your schedule. If you’re looking for your next opportunity I would highly encourage you to reach out to him. His contact info is as follows: David Kazakevich The Jonus Group (718)-513-9663 ext 1289 kazakevich@jonusgroup.com
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Message: Happy Insurance Nerds Day to all you crazy CATS! 🐱 (see what we did there?) Yes, you heard it right—today is the day we celebrate those who can make risk assessments sound like a party trick. Whether you're calculating premiums in your sleep or dreaming about the perfect actuarial table, this day is for you! Let's give a big shout-out to the unsung heroes who make sure our policies are as tight as our spreadsheets. You folks are the real MVPs, turning catastrophes into just another day at the office. Who else can turn a natural disaster into a cocktail party conversation starter? "Oh, you had a tornado? I had three last week!" So, grab your calculators, put on your favorite risk management podcast, and let's toast to the quirkiest, most detail-oriented bunch in the business. May your deductibles be low, your coverage be high, and your coffee always be strong. Happy Insurance Nerds Day! 🎉📊 P.S. Remember, in the world of insurance, every day is a CATastrophe waiting to be insured! <some...but not all of this post, was generated with AI> 😉 🙀
GUESS WHAT DAY IT IS?! Happy #InsuranceNerdDay! 🤓 Celebrate with me by sharing your best insurance joke. See mine below…with a little help from a chatbot. ⬇️ I challenge Joy DeBolt and Sabine VanderLinden to post their best insurance joke. #insurance #SAS I texted my agent to ask if my insurance was going to be high this year. He texted back a picture of Snoop Dogg. 😂 SAS Megan Kuczynski Florian Graillot Ian Gutterman Lisa Wardlaw Des Mc Cavitt FCII Julia Norton Danielle (Ball) Bates Chuck Hollis Tiff Wagner, CPTD Gulengul (GG) Oncel Abi Potter Clough, CPCU, MBA Galen Shaffer Marianna B. Ganapini
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Insurance Nerds reposted this
Such an interesting study in Science Direct! In a warming world, tornadoes are projected to thrive under tropical cyclones, with their surrogate events expected to increase significantly, by 56% to 299%, due to higher levels of CAPE (Convective Available Potential Energy), wind shear (changes in wind speed or direction with height), and helicity (atmospheric rotation). As noted in the images, a warmer world also supports a different potential track for tropical cyclones too.
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***CAREER ALERT***
Senior Manager - Catastrophe Modeling and Analytics at Allstate Insurance Company
My team is looking for someone new to the catastrophe modeling and risk and return analytics space! Details of the position (which can be fully remote) are available at the following link: https://lnkd.in/gkRAMXS9 We are open to a variety of backgrounds, and would love to hear from anyone interested in joining us at Allstate. Thank you!
CAT Modeling Analyst II
allstate.wd5.myworkdayjobs.com
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Yes, you should've started financial planning years ago. If you didn't the next best time is today!
Ready to take control of your financial future? Our Net Worth Overview Worksheet is the ultimate tool to assess your financial health and pave the way for financial success! https://lnkd.in/eEP3XrxS #FinancialFreedom #NetWorth #MoneyManagement
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Insurance Nerds reposted this
We keep seeing that it’s a failure of imagination. Western homeowners can’t get their heads around how wildfire eats up their home. Embers fly into their community, land close to homes, start small spot fires close to structures, and then the dominos start falling. Homeowners can get started by taking the science-backed steps in the Insurance Institute for Business & Home Safety - IBHS‘s Wildfire Prepared Home program. Emily Flitter of The New York Times discusses the necessary shift in mindset to build wildfire-resilient communities – including actions by property owners and the construction and insurance industries. https://nyti.ms/3W12DDT
By Burning Down Buildings, Insurers Want to Change How They’re Built
https://www.nytimes.com
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-Economic Losses: H1 2024 saw USD128 billion in economic losses, driven by severe convective storms (SCS) and major floods -Insured Losses: Total insured losses reached USD61 billion, with the US accounting for 61% of global insured losses - Atlantic Hurricane Season: Expected to be highly active due to record Atlantic warmth and La Niña transition - Global Temperatures: Warmest H1 on record, with 13 consecutive months of record global temperatures - Flooding: Significant events in Central Europe, Arabian Peninsula, and southern Brazil
Today we released Gallagher Re's Natural Catastrophe and Climate Report: H1 2024. The report is jam packed with data, insights, and analysis that thoroughly covers the first six months of 2024. We also include an in-depth discussion on what we might expect from the rest of the Atlantic hurricane season, and whether Hurricane Beryl's re-writing of the early season Atlantic record book or an analysis of historical analog years can bring us any clues. Report Link: https://lnkd.in/dXXwE_Br Important H1 2024 Stats*: Economic Loss: $128 billion (near average) Insured Loss: $61 billion (+25% above average) US SCS Insured Loss: $37 billion (61% of all global H1 insured losses) Billion Dollar Events (Economic): 32 Billion Dollar Events (Insured): 19 *Preliminary and expected to rise We also endured the warmest H1 on record dating to 1850, which also includes 13 consecutive months of record warm global temperatures (June 2023 to June 2024). This was aided by lingering El Niño conditions, but even with the ongoing transition towards La Niña (which typically cools the planet), 2024 is virtually certain to end as a top 2 warmest year on record. The most striking statistic involves US severe convective storms (SCS). The country has now recorded more than $100 billion in insured thunderstorm losses in the past 18 months (FY 2023 & H1 2024). This is a record-setting, and staggering, total. Given the storms already recorded in July, the US will soon be crossing the $40 billion insured threshold. By all accounts, SCS should no longer be considered "secondary" or "non-peak" for the insurance industry. What will the rest of 2024 bring? Stay tuned. But the insurance industry, governmental agencies, emergency managers, etc. need to be prepping for the potential of several busy months ahead.