Contingencies has published a short article about finite risk transfer, an alternative method of managing risk that emerged from obscurity during recent inquiries into insurance company practices. Though it is powerful medicine that is safe when used as directed, abuse can lead to investigations, indictments and increased government regulation. "Finite Risk Transfer: May Be Habit Forming - Use Only As Directed" by Douglas Simpson.
The same March/April 2007 issue includes an article on "Climate and Hurricanes - What Happened in 2006?" by David A. Lalonde
Contingencies is published online and in print by The American Academy of Actuaries.
Posted by dougsimpson at March 7, 2007 07:56 AM