Helping actuaries advance and insurance execs make better decisions. Opinions, not facts.

Joined December 2024
forceofmortality retweeted
96M miles of @Waymo safety data just dropped
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forceofmortality retweeted
It seems like there is not enough of a policy response to the fact that, with 57M miles of data, Waymo’s autonomous vehicles experience 85% less serious injuries & 79% less injuries overall than cars with human drivers. 2.4 million are injured & 40k killed in US accidents a year
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forceofmortality retweeted
Insurance companies have to file with the National Association of Insurance Commissioners (NAIC) once a year, similar to how companies file their docs with the SEC. You can access $LMND annual regulatory filings for a fee (if you really want to see what their RBC ratio is every year). content.naic.org/industry/in…
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forceofmortality retweeted
Current state of Waymo in Phoenix - Now regularly seeing my social circle, male and female, looking to it first - Parents now comfortable sending their kids to school and elsewhere. This is a major vibe shift. Early on, women solo riders were the loudest champions. But parents are overtaking that. Effusive praise e.g. “I have my freedom back!” - Biggest impediment to growth is that they go slower. Which of course is because they don’t speed and don’t run red lights - Perception that Waymo makes other drivers drive safer - Now regularly seeing Waymo convoys - First anecdote effect dissipating. When someone sees their first minor error from Waymo, it is jarring. But then a long time elapses until they see their second. And that builds intuition that it is rare, and points the finger at how much more common errors are from human drivers - People are asking when they can order Waymo via either Lyft or Uber - People seeing how fast the AI tools are improving is bringing the “Waymo right now is the worst it will ever be” conclusion Phoenix is Waymo’s most mature market, now 8 years into public availability. It’s a big reason why we chose Phoenix (Tempe) for the first Culdesac. The May 2023 launch of the Jaguar platform was a seminal moment in the history of AV Ridehail going mainstream. And AV Ridehail is going to drive the largest change to cities in decades.
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forceofmortality retweeted
There has been some question about whether California’s insurer of last resort – the FAIR Plan – has enough cash on hand to pay for its share of wildfire claims. As surplus is inadequate and reinsurance has a deductible that exceeds available cash, an industry assessment is inevitable, a Fitch analyst confirmed. ecs.page.link/uMLNS
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forceofmortality retweeted
Guys. We — as in Californian voters who voted in 1988 — voted for a system where every time an insurance company wants to raise rates for automobiles or homes, they have to have a public hearing and an elected insurance commissioner has to approve that rate increase.
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forceofmortality retweeted
Satellite images showed the breadth of the devastation from the Los Angeles wildfires, which a JPMorgan analyst said could be the costliest in U.S. history on.wsj.com/3PvPtMo
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Everest Group appoints Williamson acting CEO as Andrade departs spr.ly/6018vh09k #reinsurance #insurance
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forceofmortality retweeted
USAA welcomes Juan C. Andrade as our next president and CEO, starting April 2. With nearly 40 years of leadership experience as a public servant and in the financial services industry, Juan is well-equipped to lead our association into an exciting new chapter. Earlier in his career, he worked in national security, international affairs and drug policy within the U.S. Federal Government’s Executive Branch and The Executive Office of the President. His background, combined with his passion for serving the military community, make him an excellent fit for USAA. Welcome to the team, Juan! Read more: usaa-newsroom.prgloo.com/new…
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