Risk Financing and Captives Articles

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Reinsurance

The Honorable Engagement Clause

2024-09-25 | Larry Schiffer

While used less frequently nowadays, these provisions still appear in some reinsurance contracts. Larry Schiffer discusses their use.

Catastrophe Risk Management

Public-Private Partnerships and Wildfire Recovery

2024-08-30 | John Putnam

Collaborating on the insurance and noninsurance issues involved in the aftermath of a wildfire can help neighborhoods survive and endure. John Putnam explains.

Reinsurance

Reinsurance Information Up for Grabs

2024-06-21 | Larry Schiffer

There are also important reasons to seek reinsurance information and communications to assist in prosecuting or defending an insurance dispute. Larry Schiffer explains.

Catastrophe Risk Management

Collaborating To Prevent, Prepare for, and Recover from Wildfires

2024-05-17 | John Putnam

John Putnam examines the importance of grassroots strategies to address the risk of wildfires, including bringing stakeholders and agencies with wildfire experience together to combat the problem.

Actuarial

The Law of Large Numbers

2024-05-03 | Gordon Thompson

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

2024-05-02 | F Hale Stewart

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.

Catastrophe Risk Management

FAQs for Surviving Wildfire Losses—Texas 2024

2024-03-05 | Robin K Olson

IRMI offers information about dealing with wildfire insurance claims.

Reinsurance

Missing or Lost Reinsurance Contracts

2024-02-29 | Larry Schiffer

Legacy claims are often reported decades after an insurance policy has been issued and reinsured. Insurer insolvencies and mergers add to the problem. Larry Schiffer examines the challenges.