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Nick Lamparelli

Nick Lamparelli

Nick Lamparelli has been working in the insurance industry for nearly 20 years as an agent, broker and underwriter for firms including AIR Worldwide, Aon, Marsh and QBE. Simulation and modeling of natural catastrophes occupy most of his day-to-day thinking. Billions of dollars of properties exposed to catastrophe that were once uninsurable are now insured because of his novel approaches. When not diving into complicated modeling cases, Nick can be found diving around the fields and courts of Southern California for softballs and basketballs.

Recent Articles by Nick Lamparelli

On-Demand Insurance: Ultimately a Bust?

In the past several years, mobile technology has allowed economic transactions to get accomplished with little to no effort. Companies like Uber and Airbnb are leading the way, with business models that conveniently match supply and demand of livery and temporary housing in a way that has truly revolutionized how we go about our day-to-day […]

The Story Behind the Lemonade Hype

I am a sucker for new stuff. I bet many of you are, as well. If news of the iPhone 7’s release date caused you to immediately organize your camping gear for a week-long sidewalk holiday at your local Apple store, then you know what I am talking about. Beyond our excitement for the next […]

Rebuttal: Protection Gap Is Not a Myth

As with most articles I read at Insurance Thought Leadership, I enjoyed The Myth of the Protection Gap. I do agree with the author (Paul Carroll) that not everything that can produce a negative outcome or loss needs to be insured. In fact, we are now in an era where we can buy insurance for […]

Why the Agent Will NOT Be Disrupted

“Google Compare kaput” – Shefi Ben Hutta A few weeks ago, I published an article here on ITL saying that the insurance industry, in general, would not be “disrupted.” I received both a lot of positive and (politely) negative feedback, including a rebuttal by Nigel Walsh. And then just this week, Google, the single-most-often-pointed-to culprit […]

No, Insurance Will Not Be Disrupted

I recently had the pleasure of attending the Insurance Disrupted conference in Palo Alto (put on by the Silicon Valley Innovation Center in partnership with Insurance Thought Leadership). This was the single best insurance conference I have ever attended. I was surrounded by hundreds of hopeful, smart, problem-solving professionals from disparate backgrounds and industries all […]

It’s Time to Rethink Flood Coverage

“The boat is safer anchored at the port; but that’s not the aim of boats.” — Paulo Coelho The scenes are now all too familiar. Waters rising, dams breached, cars drifting away, homes and properties inundated with water. As of this writing, 13 people have died in the Carolinas as the “one in a 1,000 […]

Why Flood Is the New Fire (Insurance)

With our past few posts on ITL, we have been exploring how insurers can continue to bring more private capacity to U.S. flood (Note: Everything we talk about for U.S. flood is also relevant for Canada flood). We have explored here how technology, data and analytics exist to handle flood in an adequately sophisticated manner, […]

Home Insurers Ignore Opportunity in Flood

Recently, Munich Re announced its plan to step into the U.S. inland flood market to offer a competitive flood coverage endorsement for participating carriers. This is the second notable entry of international capital into an arena dominated by the federal government. Munich Re is known as a conservative giant of international reinsurance, so it might […]

Modeling Flood — the Peril of Inches

“Baseball is a game of inches” – Branch Rickey Property damage because of flooding is quite different from any other catastrophic peril such as hurricane, tornado or earthquake. Unlike with those perils, estimating losses from flood requires a higher level of geospatial exactness. Not only do we need to know precisely where that property is located […]

San Andreas — The Real Horror Story

For the past two weeks, the disaster movie “San Andreas” has topped the box office, taking in more than $200 million worldwide. The film stars Dwayne “The Rock” Johnson, who plays a helicopter rescue pilot who, after a series of cataclysmic earthquakes on the San Andreas fault in California, uses his piloting skills to save […]

Flood Insurance at the Crossroads

News outlets around the country are broadcasting the horrible scenes from Northern Mexico, Texas and Oklahoma of devastating floods that have killed many. Once tallies are completed, property damage will likely be in the billions of dollars. Once again, a disaster raises interest not only in the insidious nature of catastrophic flooding, but in how […]

Catastrophe Models Allow Breakthroughs

“In business there are two ways to make money; you can bundle or you can unbundle.” –Jim Barksdale We have spent a series of articles introducing catastrophe models and describing the remarkable benefits they have provided the P&C industry since their introduction (article 1, article 2, article 3, article 4). CAT models have enabled the […]

Model Errors in Disaster Planning

“All models are wrong; some are useful.” – George Box We have spent three articles (article 1, article 2, article 3) explaining how catastrophe models provide a tool for much-needed innovation to the global insurance industry. Catastrophe models have covered for the lack of experience with many losses and let insurers properly price and underwrite […]

How CAT Models Lead to Soft Prices

In our first article in this series, we looked back at an insurance industry reeling from several consecutive natural catastrophes that generated combined insured losses exceeding $30 billion. In the second article, we looked at how, beginning in the mid-1980s, people began developing models that could prevent recurrences of those staggering losses. In this article, […]

Riding Out the Storm: the New Models

In our last article, When Nature Calls, we looked back at an insurance industry reeling from several consecutive natural catastrophes that generated combined insured losses exceeding $30 billion. Those massive losses were a direct result of an industry overconfident in its ability to gauge the frequency and severity of catastrophic events. Insurers were using only […]

When Nature Calls: the Need for New Models

The Earth is a living, breathing planet, rife with hazards that often hit without warning. Tropical cyclones, extra-tropical cyclones, earthquakes, tsunamis, tornados and ice storms: Severe elements are part of the planet’s progression. Fortunately, the vast majority of these events are not what we would categorize as “catastrophic.” However, when nature does call, these events […]

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  • Brokers & Agents
  • Disaster Planning & Recovery
  • Innovation & Technology
  • Insurance Law
  • Property/Casualty