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Search: Posts Made By: JMBNYC
Forum: General Actuarial 07-13-2020, 11:03 AM
Replies: 163
Views: 5,363
Posted By JMBNYC
:iatp:

:iatp:
Forum: General Actuarial 07-13-2020, 10:56 AM
Replies: 163
Views: 5,363
Posted By JMBNYC
Do I have this right? IFoA gets sued...

Do I have this right?


IFoA gets sued over MRAs which allegedly discriminate against native UK students
Legal mess ensues
UK court or commission finds IFoA was discriminatory
IFoA must...
Forum: Non-Actuarial Topics 07-01-2020, 10:43 AM
Replies: 11,236
Views: 868,572
Posted By JMBNYC
~20% positive of those who were tested. There is...

~20% positive of those who were tested. There is selection bias in the antibody tests. I'd view that as an upper bound.
Forum: General Actuarial 07-01-2020, 10:33 AM
Replies: 33
Views: 2,678
Posted By JMBNYC
Eh a lot of exam 6 is basically rote...

Eh a lot of exam 6 is basically rote memorization.


And frankly, the way the CAS exams work, there are instances where your list must use pre-approved buzzwords from the source material or you...
Forum: Property - Casualty / General Insurance 06-23-2020, 12:28 AM
Replies: 79
Views: 24,753
Posted By JMBNYC
The reinsurance section reminds me of a certain...

The reinsurance section reminds me of a certain transaction between AIG and Gen Re.
Forum: Property - Casualty / General Insurance 06-22-2020, 09:56 AM
Replies: 79
Views: 24,753
Posted By JMBNYC
Not sure if it's relevant to the current SEC...

Not sure if it's relevant to the current SEC action but this (https://www.dropbox.com/s/t8pey240th950hk/2019.06.14 - Letter to KPMG re Audit Opinions Regarding TIC %26 Affiliates (AmTrust U.S....
Forum: Property - Casualty / General Insurance 06-11-2020, 04:21 PM
Replies: 316
Views: 95,028
Posted By JMBNYC
:exams: I really can't stand these people....

:exams:
I really can't stand these people. You're not the industrial revolution, you're an app that bought some cheap reinsurance.
Forum: Non-Actuarial Topics 06-07-2020, 02:11 PM
Replies: 33
Views: 932
Posted By JMBNYC
Just because it is in the contract doesn't make...

Just because it is in the contract doesn't make it legal. Check the laws in your state. If this were New York I'd start withholding rent payments until they fixed it.


Also no way this has...
Forum: Careers - Employment 04-30-2020, 10:21 AM
Replies: 203
Views: 35,773
Posted By JMBNYC
CEO of MMC on conference call today made it...

CEO of MMC on conference call today made it pretty clear they don't intend to cut pay. They basically called out Aon:

"Solving that issue by reducing pay is an awfully blunt instrument, and it can...
Forum: Careers - Employment 04-29-2020, 10:09 AM
Replies: 203
Views: 35,773
Posted By JMBNYC
Preserving the dividend smacks of the executives...

Preserving the dividend smacks of the executives finding a backdoor way of paying themselves while publicly saying "look! we took a huge salary cut!" Okay, well, most of your comp isn't salary and...
Forum: Property - Casualty / General Insurance 04-10-2020, 11:47 PM
Replies: 5
Views: 1,205
Posted By JMBNYC
For BI. Not for large contingencies.

For BI. Not for large contingencies.
Forum: General Actuarial 04-07-2020, 02:46 PM
Replies: 511
Views: 81,293
Posted By JMBNYC
CAS has cancelled spring exams.

CAS has cancelled spring exams.
Forum: General Actuarial 03-31-2020, 08:40 PM
Replies: 105
Views: 12,488
Posted By JMBNYC
The vast, vast majority of treaties I have seen...

The vast, vast majority of treaties I have seen cover ECO/XPL but at 90% of the total loss rather than the full 100%.
Forum: General Actuarial 03-31-2020, 09:24 AM
Replies: 105
Views: 12,488
Posted By JMBNYC
Well I don't think any of this survives a court...

Well I don't think any of this survives a court challenge so :shrug:
Forum: General Actuarial 03-31-2020, 09:19 AM
Replies: 105
Views: 12,488
Posted By JMBNYC
I think this is a case where reinsurers are stuck...

I think this is a case where reinsurers are stuck with whatever happens to insurers. If insurance policies aren't allowed to exclude virus, why would reinsurance policies be allowed to exclude virus?...
Forum: General Actuarial 03-31-2020, 09:15 AM
Replies: 105
Views: 12,488
Posted By JMBNYC
Typical BI language needs property damage from...

Typical BI language needs property damage from the covered peril. So the existence of Coronavirus in the general area of the restaurant would need to be deemed "damage." Pretty questionable, but...
Forum: Exam 7 - Estimation of Policy Liability & ERM 03-24-2020, 10:12 AM
Replies: 1,246
Views: 128,549
Posted By JMBNYC
I escaped to my parents house in the suburbs...

I escaped to my parents house in the suburbs early last week. Very glad I did. NYC looks primed to be the next Italy. Scary stuff.

lol no. I may opt for the refund unless it's pushed to the fall.
Forum: General Actuarial 03-18-2020, 11:11 PM
Replies: 511
Views: 81,293
Posted By JMBNYC
The CAS fellowship exam threads made me want to...

The CAS fellowship exam threads made me want to repeatedly bang my head against the wall. Parts of them read like satire, except in actuality it is entitled whining.

I dare these people to go...
Forum: Exam 7 - Estimation of Policy Liability & ERM 03-17-2020, 11:27 AM
Replies: 1,246
Views: 128,549
Posted By JMBNYC
Hard disagree. The virus spreads most easily on...

Hard disagree. The virus spreads most easily on hard surfaces.

I had a large order of groceries come. The process of getting food involved someone walking down my hallway and placing it in front...
Forum: Exam 7 - Estimation of Policy Liability & ERM 03-17-2020, 11:12 AM
Replies: 1,246
Views: 128,549
Posted By JMBNYC
I live in NYC. I am not going outside at all....

I live in NYC. I am not going outside at all. Frankly, I think a shelter in place order is likely.
Forum: Exam 7 - Estimation of Policy Liability & ERM 03-17-2020, 11:12 AM
Replies: 1,246
Views: 128,549
Posted By JMBNYC
Please tell me this is a joke. I thought it was...

Please tell me this is a joke. I thought it was but you’ve now posted this multiple times in multiple threads. If it is not, you have a serious case of Stockholm Syndrome and actuarial exams are your...
Forum: Exam 7 - Estimation of Policy Liability & ERM 03-16-2020, 05:24 PM
Replies: 1,246
Views: 128,549
Posted By JMBNYC
College Board cancelled the May 2nd SATs

College Board cancelled the May 2nd SATs
Forum: Exam 7 - Estimation of Policy Liability & ERM 03-16-2020, 09:43 AM
Replies: 1,246
Views: 128,549
Posted By JMBNYC
The situation in the United States is much worse...

The situation in the United States is much worse than the test numbers say. One, we haven't really been testing. Two, test results are a lagging indicator. Newly reported infections are typically...
Forum: Exam 7 - Estimation of Policy Liability & ERM 03-15-2020, 10:12 PM
Replies: 1,246
Views: 128,549
Posted By JMBNYC
The very next sentence: So if you have your...

The very next sentence:
So if you have your office of 100 people and are fine with that, do you invite the outside community of exam takers to come into that office? It is unfathomable to me that...
Forum: Exam 7 - Estimation of Policy Liability & ERM 03-15-2020, 09:08 PM
Replies: 1,246
Views: 128,549
Posted By JMBNYC
Iíve sat in NJ and NYC and I think the only time...

Iíve sat in NJ and NYC and I think the only time I had less than 40 was during that weird ST/LC/S transition period.

Remember: These are held in offices. This recommendation if followed will...
Showing results 1 to 25 of 208

 

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