Month: June 2014

Coping with Black Swans

The insurance and reinsurance industries are in business to take bets on risks that can be identified, assessed, prioritized and planned for financially. Disasters like hurricanes, earthquakes, massive asbestos-like litigation and even terrorist attacks fit the bill. But what about so-called Black Swan events? A Black Swan is a disaster or series of cascading disasters… Read more »

The Upside of ‘Surge Pricing’ at Uber

The company is criticized for jacking up prices during periods of high demand but economists say that they are simply letting data on market conditions dictate pricing. This past winter, Jerry Seinfeld’s wife Jessica earned her 15 minutes of fame, fuming over the $415 she reportedly paid to Uber to chauffeur her kids to a bar mitzvah,… Read more »