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The definitive thoughts, frameworks, and analyses on modern risk.
One of the world’s oldest tour companies, Thomas Cook, abruptly announced it was going out of business yesterday. While not quite “fake news”, the advice provided by a travel expert on NBC Evening News during their report on this story can best be characterized as “glib news”. In this NBC report, consumers are advised to […]
Many financially successful individuals and families I meet with become uncomfortable whenever I address this topic. Such discomfort likely stems from the recognition that time and convenience has caused lapses in adhering to the best practices they have agreed will enhance their security. Though I don’t want to be a fear monger, I remind the […]
Although these three words are borrowed from “The Rime of the Ancient Mariner” , they capture the heartbroken sentiments many homeowners experience after a failure in their internal plumbing system has caused water to flow throughout their home. Sometimes for many hours or days. Just how common are losses like this? Research from the […]
If Mother Nature was trying to send us a message in 2017, it reminds me of the adage “When Momma ain’t happy, ain’t nobody happy”. Mountains ravaged by wildfires weaponized into a tsunami of mud, boulders, and fallen trees offers this clear message: we’d be wise to heed the lessons of the past and prepare […]
Not knowing the right questions to ask about your insurance protection is among the key reasons far too many consumers hear the dreaded words “you’re not covered” at the worse possible time — after a personal property or liability insurance loss. Not knowing what we don’t know is a dangerous and common cognitive bias that […]
It is likely old news to most insurance consumers that the National Flood Insurance Program (NFIP) administered by FEMA is plagued with challenges. Challenges as in problems. Many. Big. Problems. This excellent New York Times article provides a sobering analysis of those problems. THE BIGGEST PROBLEM: As illustrated by the excellent chart below, although […]
The rising cost of auto insurance is a source of frustration for most of us. Many I speak with want to know how insurance companies determine the premiums they charge, and why those costs are rising. Insurance companies use actuarial science to analyze a lot of data to help them assess the probability of a […]
A much bigger PITA is having your private information “hacked”, and then realizing 2FA could have prevented the pain. If you do not already use 2 Factor Authentication, your information is much more vulnerable than it would be with 2FA. Keeping track of passwords is another common PITA. Password manager utilities are a much better solution […]
With Thanksgiving over, the New Year is fast approaching. From a personal risk management perspective, I can share there is ONE major safety risk that can be easily managed, though each day many of us willingly invite this risk into our lives – and the lives of our loved ones. Driving While Distracted is […]
Digital investigators report an alarming increase in cyber extortion of teenagers by organized criminals based in foreign nations. Extortionists target teens, generally aged 10 to 17, initially con… Source: Don’t let cyber extortion happen to your teen