Expert Commentary

Latest Articles

Actuarial

The Law of Large Numbers

Gordon Thompson | May 3, 2024

Gordon Thompson reviews the underlying risk theories that support risk diversification by volume and by time, providing numerical examples.

Captives

Risk Distribution: A History and the Law of Large Numbers Fallacy

Hale Stewart | May 2, 2024

Hale Stewart examines the origins of risk distribution and why the law of large numbers doesn't apply to insurance in the manner understood by the courts.

Builders Risk Insurance

Soft Costs and Rental Value Coverages Denied for Additional Named Insured

Steven Coombs | April 26, 2024

A recent case reveals potential problems with a builders risk policy when issued to a project contractor. Steven Coombs explains.

Subcontractor Performance Risk

Building a Construction Sustainability Team

Cheri Hanes | April 26, 2024

Folding sustainability requirements into construction is not an insurmountable challenge and can present new opportunities, per Cheri Hanes.

Commercial Property

Matching Problem in Property Insurance Claims

Catherine L Trischan | April 19, 2024

Whether coverage applies depends on the policy language, state statutes and regulations, and common law. Catherine Trischan explains.

Political Risk

Climate Change and the Insurance Crisis

Daniel Wagner | April 3, 2024

As the occurrence of natural disasters continues to escalate, US insurers are responding by refusing to write coverage for them. Daniel Wagner looks at the problem and possible responses.

Design and Professional Liability

Optimizing Professional Protective Indemnity Coverage

Jeff Slivka | April 2, 2024

Protective indemnity coverage can be simply explained. But to truly understand this coverage part, you need to understand the details, per Jeff Slivka.