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The definitive thoughts, frameworks, and analyses on modern risk.
News reports on the effects of the flood insurance reforms being implemented have overly focused on those who are experiencing extremely high increases in their flood insurance premiums. Meanwhile, be aware the implementation of the BW12 Reforms will take place over many years, and knowing for certain the final cost impact and just how many will be […]
The beginning or end of daylight savings time each year marks a real rise in the risk of DWD —- Driving While Drowsy. With the end of daylight savings time arriving this weekend, it will be extra important to “watch out for the other guy“ while on the road in the weeks ahead. He / she may be […]
The Biggert Waters Flood Reform Act of 2012 has created a harsh new normal for those requiring flood insurance in high risk flood zones. Beginning this past Oct. 1, flood insurance premiums for more than 1 million homeowners are increasing in compliance with legislation passed by the U.S. Congress last year to remedy the massive […]
As an insurance advisor who strives to help consumers make well informed decisions to intelligently manage their many risks, properly framing such risks is a real challenge. I avoid the tone of scare-monger, while also reminding others that just because a risk has not personally impacted them does not mean it might not in the […]
I hear this question often from those who doubt a flood can damage their home. As a risk advisor, I understand that for many, the answer is the likelihood of experiencing a flood is low. For those who want to play the odds, this is my best advice: insurance is best used to protect against […]
Too many insurance agents are happy to recommend a specific insurance policy without first helping consumers to examine their actual risks. Savvy consumers should ask this question: if I do not understand what my risks are, how can I determine if the policy you are recommending provides the risk protection I need? Helping consumers to […]
Another one we hear often: “We don’t live near the ocean / bay / a river….so we don’t need flood insurance”. We hear these well-reasoned and logical enough arguments for not buying flood insurance from homeowners ALL the time. I’m sure insurance advisors in Boulder Co. have heard them as well. Then the RAIN started. […]
A post (almost) 9/11 thought: No one is a bigger fan of Brian Williams on NBC News than me. Brian just reminded viewers tonight that 9/11 means the same to today’s generation as Pearl Harbor Day meant to those alive at that time. I wonder…. My most lasting memory of 9/11 is the day after. […]
Sept. 10 is the traditional peak of the hurricane season, yet there haven’t been ANY hurricanes so far this year?? With a Tropical Storm churning away in the eastern Atlantic that is expected to strengthen into a hurricane later today, the absence of hurricanes is vexing given the prediction of an above average and possibly […]