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Cavalcade of Risk - 128th Edition

Welcome to the 128th Cavalcade of Risk!

First, our thanks to the previous host, Jacob Irwin over at My Personal Finance Journey who handled the 127th edition. A fine collection of risky business collated handily and spiced up with a selection of risky jobs. If you are new to Cavalcades then you might like the back issue. Go there.

The image that decorates this Cavalcade comes from this article at Credit and Risk Management, the Legal Whiteboard. Go and check out their blog.



This is a big post - don't miss any of it. The contents includes:

  • Regulars
  • New Zealand Risk Posts
  • Oddball Faatures
  • Risky Quotes
  • The Next Cavalcade


Our Regulars!

Premium contributions from those that make the Cavalcade of Risk happen on a regular basis. We love 'em.

Louise over at the Colorado Health Insurance Insider blogs on how" Spending Caps Will Help Individual Families But Won't Reduce Overall Costs" Grab that one over here

Jason Shafrin presents Disaster Management posted at Healthcare Economist, saying, "Do we need less disaster management? The Healthcare Economist considers this option."

Henry Stern, LUTCF, CBC presents LTCi in Perspective posted at InsureBlog, saying, "Summary: One often overlooked factor in risk management is the *cost* of that management. InsureBlog has a nifty post on quantifying the cost of managing long term care risk."

Nancy Germond presents | Business solutions from posted at

Emily Holbrook presents Coca-Cola Jumps on the Captive Bandwagon posted at Risk Management Monitor, saying, "One of the world’s largest beverage companies has successfully embraced the somewhat modern practice of funding employee benefits through captive utilization."

Darwin presents Life Settlement Investment – Scam or Legit? posted at Darwin's Money, saying, "Life Settlement Investments are a hot new alternative investment class - with a dark side. Find out what they're all about and whether you'd be enticed by the high yields."

Pinyo presents What Happens If You Contribute Too Much To IRA Or 401k? posted at Moolanomy, saying, "Do you know what to do if you contributed to much to your IRA, Roth IRA, or 401k? If not, you have to read this and find out."

Jaan Sidorov presents Yes Or No Or It Depends To The Medical Loss Ratio (MLR)? posted at Disease Management Care Blog, saying, "Can medical loss ratios for health insurance be regulated? The experience in the U.S individual market so far seem to indicate the answer is "no.""

Wez Brown presents Ways Company Benefits Affect Your Tax Code posted at Tax Codes, saying, "This article explains how company benefits affect ones tax code and what he should do in such case."

Julie Ferguson presents The heroes of Fukushima; insurance issues related to Japan's catastrophe posted at Workers Comp Insider, saying, "Julie Ferguson of Workers Comp Insider offers a tribute to the heroes of Fukushima, looks at the issue of worker radiation exposure, and presents an overview of related insurance issues."

James presents At what age does car insurance go down? posted at Car Insurance Comparison, saying, "At what age does your car insurance rates finally start to decrease? What can you expect? Is this approach a smart way to approach the pricing of car insurance risk?"

Marla Smythe presents The Role of Perceived Risk When Disaster Strikes posted at, which we are welcoming to the Cavalcade. We love the quality.

FMF presents How to Prepare for a Major Home Disaster posted at Free Money Finance, saying, "Tips for preparing in advance for a flood, fire, and the like."

CreditDonkey presents Credit Card Purchase Protection: Should You Pay Extra for It? posted at Tips, saying, "Learn about purchase protection insurance offered by several credit cards in the event of fire, theft or accidental damages. Minimize your risk."

Pinyo presents What Happens If Your Broker Goes Out of Business? posted at Moolanomy, saying, "Ever wonder what happens if your stock broker fails? Well, here's the answer."

Big Cajun Man presents Security for Lent posted at Canadian Personal Finance Blog, saying, "If you haven't changed your on line banking password lately, why not?"

New Zealand Risk Posts

The big news is a new insurer - we welcome a new insurer to the market with the arrival of Partners Life and their roadshow.

Steve de Jong at The Life Insurance Blog ponders whether Marriage Insurance will be the next big thing. Not, perhaps, the ideal wedding gift...

From Phil's blog, This post talks about how insurance companies are helping out Christchurch people abnd advisers affected by the recent earthquake.

This story talks about the low level of reinsurance remaining to New Zealand after two bad quakes in quick succession.

Darrin Franks blogs on how the lack of simplicity is one of the reasons why Kiwis are relatively uninsured with his post on the circle of life.

Oddball Features for this Cavalcade

I went searching for pictures with which to adorn this carnival of risk and found this excellent post from Ian Gorrie over at Bad Penny on why he loves motorcycles in spite of the risk - a risk which he gives a good deal of consideration. Plus he has some nice illustrations.

I also liked "Risk, Challenge, and Safety in Outdoor Adventure and Education" which includes some nice images as well - more grist for your next insurance-focused presentation.

We also enjoyed the Rucking Insurance blog, and well, it's a game played by men with odd shaped balls isn't it? But Rugby is our national game, so we Kiwis are allowed to poke fun.


A Selection of Risky Quotes

These were all found while researching the Cavalcade:
  • "Playing safe is probably the most unsafe thing in the world. You cannot stand still. You must go forward" - Robert Collier
  • "We must have courage to bet on our ideas, to take the calculated risk, and to act" Maxwell Maltz
  • "Every noble acquisition is attended with its risks; he who fears to encounter the one must not expect to obtain the other" - Metastasio
  • "It is impossible to win the great prizes of life without running risks, and the greatest of all prizes are those connected with the home"  Theodore Roosevelt 
  • "The willingness to take risks is our grasp of faith" - George E. Woodberry


The Next Cav!

That concludes this edition. Submit your blog article to the next edition of cavalcade of risk using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

The next Cavalcade of risk iis to be hosted by the good folk at Christian Personal Finance. I've just been reading a history of coinage and Niall Ferguson's Ascent of Money. There is a great deal in finance, and the associated management of risk, which has been influenced by religion. You can think of prohibitions on the charging of interest, control of the issuance of coinage, and the various patrons of the Church... but I digress. Pop on over there and make a submission.



Any submitters or readers who would like to stay in contact can look me up on my LinkedIn profile and connect.

We also have an omnibus feature of our top 20 posts. It's available to regular readers who might like to share the news. The "Best of the Blog" is includes all the best risk posts from Chatswood, based on the emails, feedback, and traffic spikes that we get when we strike the right chord. Contact me to obtain a copy.

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Wow, Russell - what an incredible job! Great content, love the layout, absolutely capital idea including the new features.

Thank you SO MUCH for an outstanding Cav!!

Emily Holbrook

One of the best Cavs, well done. And thanks for the inclusion!

Jacob @ My Personal Finance Journey

Nice work on the Carnival! Thanks for mentioning my previous edition!

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