by Frank Huang | June 30, 2023 Originally published in PEO Insider (June/July 2023). Reproduced with permission of the National Association of Professional Employer Organizations. If you asked someone in the PEO space what he or she thought of actuarial science a positive response might be reserve analyses or accruals. A negative response might be … Continue reading Client-Level Financial Analysis
by Frank Huang | June 20, 2023 Originally published in Risk & Insurance (June 20, 2023). Reproduced with permission. Workers’ compensation has long been a prime candidate for predictive modeling and analytics, which can help to provide more clarity and confidence in the face of complex, long-tailed claims experience and shock losses. As the Insurtech … Continue reading Deciphering AI’s Promises and Perils to Ensure Value in Workers’ Compensation Analytics
by Frank Huang | April 17, 2022 Originally published in PEO Insider (April 2023). Reproduced with permission of the National Association of Professional Employer Organizations. Key performance indicator dashboards instantly produce either awe or fear when brought up in conversation, and for good reason. They can be seen as straightforward, objective models that can do … Continue reading Avoiding Roadblocks: Creating Ideal Risk Management Dashboards
by Frank Huang | April 5, 2023 Originally published in Workplace Health (Spring 2023 Edition). Reproduced with permission. As with most of the world, the insurance industry is rapidly adjusting to the impact of artificial intelligence (AI) and machine learning which has researchers seeing a rapid transition from a “detect and repair” mentality to a “predict … Continue reading Injury Intelligence: Modernizing Safety and Loss Control
“On several occasions over the course of a few days, [Commissioner] Donelon explained to legislators that Merlinos & Associates, a nationally recognized actuarial firm, is making a substantial contribution to changing course.” READ THE FULL ARTICLE HERE
Leading into the Christmas holiday, the Sunshine state’s legislature convened a special session in Tallahassee, where new property insurance regulations were passed. Part of the impetus for the updates is the lack of reinsurance available due to the catastrophic damage caused by recent hurricanes and the billions of dollars in resulting damage. Additionally, Florida’s insurance … Continue reading Four Key Takeaways from Florida’s Legislative Property Insurance Overhaul
by Frank Huang | November 10, 2022 Originally published in PEO Insider (November 2022). Reproduced with permission of the National Association of Professional Employer Organizations. PEOs that serve clients across all industries face the same conundrum when it comes to prospective clients – how do you estimate and manage costs for prospective clients when there … Continue reading Filling In The Data Gap
by Frank Huang | August 15, 2022 Originally published in PEO Insider (August 2022). Reproduced with permission of the National Association of Professional Employer Organizations. While walking one day I ran into a neighbor doing yard work. We hadn’t spoken much before, but upon striking up conversation I soon learned of his love of woodworking. … Continue reading Workers’ Comp Reserves: Finding the Right Number
by Mark Brannon, Ryan Purdy, Peter Scourtis, Anthony Kuhns, Allison Ott | June 1, 2022 Introduction After a fiery Special Session, Florida legislators passed Senate Bill (SB) 2D relating to property insurance and Senate Bill 4D relating to Building Safety, both by Senator Jim Boyd. Governor Ron DeSantis signed SB 2D and SB 4D into … Continue reading Florida Special Session Follow-Up
by Anthony Kuhns and Allison Ott | May 18, 2022 Introduction The headlines are in: “Another Florida insurer enters liquidation” “Florida homeowner lawsuits make up 79% of all litigation against insurers, nationwide” “Florida homeowner premiums set to increase by 111% Needless to say, all eyes are on the Florida insurance market and the upcoming Special Session … Continue reading Can The Florida Homeowners Insurance Market Crisis Be Fixed?