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Cavalcade of Risk Number 183

Cavalcade header
The 183rd Cavalcade of Risk is brought to you from New Zealand. For our international guests this country is also sometimes known as The Shaky Isles, and in consequence it is also home to some of the largest insurance claims in the world, recently. But let's start the Cavalcade with the regulars:


Leading the regular contributors to the Cavalcade we have Emily Holbrook with "What Makes a Great Risk Manager: a Q&A With Michael Lopez of Booz Allen Hamilton"  published over at The Risk Management Monitor. Michael Lopez, senior associate at Booz Allen Hamilton offers his take on the role of the modern risk manager.


Next up we have a submission from Julie Ferguson of The Workers’ Comp Insider of a post authored by Jon Coppelman – "Freedom of Religion = Freedom from Workers Comp?" Jon Coppelman of Workers’ Comp Insider looks at the fascinating clash between one state’s attempt to enforce public policy in protecting workers in the face of a strict religious commune that doesn’t believe in the concept of insurance. There was a time when religious prohibitions on insurance were common - the principle of the sanctity of human life being extended to a ban on what were seen as unseemly wagers on death.


Then we have "Are We Taking the Wrong Retirement Risks?" from Jason Hull at hullfinancialplanning.com. This article examines how we should be using mental accounting to allocate our investments to appropriate risk pools in our retirement portfolio.


Louise at The Colorado Health Insurance Insider posts on "Balance Billing From Non-Network Providers Who Work At In-Network Facilities." Jay Norris tells us "This has been a frustrating problem for us for years. Non-network docs getting the benefit of working at an in-network hospital. Patients do their due diligence planning in-network care and still get balance billed by the out of network docs. The Colorado Division of Insurance tried to fix it, but got sued. They could have gone about it better for sure. Please read this and let us know if anybody has any advice!"

Henry Stern, LUTCF, CBC at InsureBlog posts on "Cost of Living: DI & LTCi" InsureBlog has news about two critical financial risk management tools, disability income and long term care. This month is Disability Insurance Awareness Month, and the cost of long term care itself is (no surprise) increasing rapidly.


Jason Shafrin gives us "The Most Important Health Policy Study of Our Generation" from Healthcare Economist. He asks: Does Medicaid improve health outcomes or reduce financial risk of beneficiaries?  The Healthcare Economist reviews the Oregon Medicaid study, one of the pivotal studies of our generation, and finds significant decreases in beneficiary out-of-pocket cost, increases in access to care, but little to no effect on health outcomes.



Looking for positive posts about insurance made me sensitive to this headline: Where’s the coverage? Insurance in the news, by Nick Kellingley, of a UK tech provider's site to the insurance industry.


From a traditionally dynamic market - South Africa - this post about obtaining cover for mountain climbers appealed to the daredevil in me. I know that plenty of Kiwis have sought similar cover. "Insurance for professionals participating in mountain climbing and extreme sports"


From our near neighbours I found this post "I've been fortunate" which shows that like New Zealand, Australia is also grappling with the fact of underinsurance, and real risks.


From New Zealand we kick off with a post from Philip Macalister at goodreturns.co.nz has a good post calling on the industry to reframe the underinsurance debate. He has a point.


Graham Matthews at interest.co.nz covers the changes happening to the way insurance policies on homes in New Zealand are shifting to a sum insured approach. You need to know about this.


To underline the importance of communication on this point we have an article on stuff.co.nz reporting on a survey showing that most Kiwis remain unaware of the change.


Kelly at our own Quotemonster blog posts about the readability of New Zealand insurance policies drawing on a report I prepared a couple of months ago for consumer groups.


Also at stuff.co.nz, Rob Stock talks about his experience filling in insurance forms - and guess what? You should be honest.


Finally Diana Clement, in the New Zealand Herald, talks about liability insurance for the non-expert.



The next host is Jeff Rose. Get typing and submit your articles to the Cavalcade. Jeff can be found at:



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