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Hail Yes!!
Linda Brobeck December 07, 2017 Posted in: Blog Posts, Homeowners, Insurance / Insurers
Following major hurricane losses, the insurance industry responded on several levels. It built sophisticated models to better predict and mitigate resulting losses. It actively supported regulations and building codes to ensure more durable building materials and processes. It created windstorm pools to share the cost of essentially uninsurable risks in the eyes of the private market, to name just a few changes.
Linda Brobeck

A Review of the Book, “The Undoing Project,” by Michael Lewis

(author of “Moneyball,” “The Big Short” and “The Blind Side”)

A Review of the Book, “The Undoing Project,” by Michael Lewis
Linda Brobeck April 11, 2017 Posted in: Blog Posts, Blog, General
The Undoing Project is the story of two Israeli psychologists whose surprising friendship and unusual collaboration enlightened the world on a number of topics, including how we make judgments and the resulting decision-making behavior. It was a somewhat disappointing revelation that humans systematically err in intuitive decision-making. However, as a predictive modeler, it confirms my long-held suspicion that algorithms outperform our intrinsic judgment.
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