Author: Pete Thomas

“For want of a nail, the shoe was lost. For want of a shoe, the horse was lost. For want of a horse, the rider was lost. For want of a rider, the battle was lost. For want of a battle, the kingdom was lost, and all for the want...

Will artificial intelligence and, more specifically, the development of Large Language Models (LLMs) replace knowledge workers? Are lawyers, accountants, medical professionals, architects, writers, underwriters, and brokers at risk of being replaced? Will software replace entry-level positions? Will there be a viable role for the “average” knowledge worker?  What is the...

Monday was the 22nd anniversary of 9/11, a time of national reflection. It is time to pray and remember the people who died in the attack or were injured. It is time to remember the families who lost their loved ones. It is time to thank the police, firefighters, and...

“American Phoenix: Rising from the Ashes of Urban Fires to Climate-Change Supercharged Perils” In a world shaped by climate change, the insurance industry finds itself at the forefront of safeguarding lives, property, and the future. From the smoldering embers of conflagrations that ravaged 18th and 19th Century American cities, the...

A well-conceived, negotiated, and adequately priced reinsurance program with broad coverage grants and good security is essential to an insurer's enterprise risk management program. A well-designed reinsurance program can provide capacity support, financing, run-away expense coverage, clash coverage, catastrophe coverage, as well as limited coverage for liabilities arising from the handling of subject claims....

The artificial intelligence technology race, presents as much catastrophic risk for insurers as hurricanes, wildfires, floods, and earthquakes. Despite the fact, artificial intelligence is in its infancy, large corporations, investors and entrepreneurs are rushing these products, such as Chat GPT-4 (GPT-4),  to market. It is impossible not to be in awe...