Podcasts about Milliman

  • 81PODCASTS
  • 547EPISODES
  • 38mAVG DURATION
  • 1MONTHLY NEW EPISODE
  • Sep 7, 2022LATEST

POPULARITY

20152016201720182019202020212022

Categories



Best podcasts about Milliman

Latest podcast episodes about Milliman

Critical Point
VM-20 for principle-based reserving: Tales from the front office

Critical Point

Play Episode Listen Later Sep 7, 2022 42:14


The VM-20 requirement is no longer hypothetical—it's here, and it's had a big impact on principle-based reserving for the life insurance industry. In this episode of Critical Point, we hear how experts are coping. Michael McCarty from Legal & General America shares the direct carrier's side, while Laiping Wong-Stewart from RGA brings the reinsurer's perspective. They are joined by Milliman actuaries Uri Sobel and Paul Fedchak in a conversation about the challenges and successes surrounding assumption setting, governance processes, and other changes created with the new regulation.

The DotCom Magazine Entrepreneur Spotlight
Gene Kalwarski, Chief Executive Officer, Cheiron, A DotCom Magazine Interview

The DotCom Magazine Entrepreneur Spotlight

Play Episode Listen Later Aug 12, 2022 29:47


About Gene Kalwarski and Cheiron: For more than 30 years, Gene Kalwarski has been one of the nation's leading actuaries to multi-billion dollar jointly-trusteed pension and health and welfare funds in the Taft-Hartley and public sector arenas. He is an industry leader in the development of PC-based financial applications and interactive analytical tools that empower fund trustees to understand evaluate and strategize alternative solutions to their financial challenges with respect to pension funding, escalating healthcare costs, and investment strategy. Gene's ideas and achievements have been chronicled in many industry publications, Money magazine, and at the annual Business Week CFO Forum. He specializes in creating innovative real-time simulation decision tools for financial executives facing major strategic decisions with respect to pension funding, investment strategy, and health insurance. His clients have been primarily multi-billion dollar funds of major corporations, states, Taft-Hartley funds, U.S. federal agencies, and the governments of foreign countries. Gene applies a "hands on" approach in designing and developing evolving technology applications for clients. Staying actively involved in this dynamic field allows him to incorporate his depth of knowledge and experience to the applications being developed, enhancing them to be more effectively useful from an upper management perspective. In addition, he has extensive experience presenting actuarial concepts to large audiences who have little technical expertise. Gene has testified on several occasions before U.S. Senate Committees and regularly testifies before state legislatures and boards of trustees on behalf of the many state-wide pension funds he represents. After more than 21 years at Milliman where he established the firm's Washington office, in 1984 he became the firm's youngest Equity Principal. By 1990 he was the youngest Equity Principal to serve on the firm's Board of Directors. He joined Cheiron in November 2002. Prior to working at Milliman, Gene worked for two years at Towers Perrin. He began his actuarial career at the Pension Benefit Guaranty Corporation or PBGC where he spent nearly five years. Cheiron (pronounced ki´• ron) is an employee-owned, full-service actuarial and financial consultancy, advising a national client base of public employers, Taft-Hartley plans, non-profits and corporations, from offices in Washington, DC; Charlotte; Chicago; Philadelphia; New York; Portland, OR; Los Angeles; San Francisco; and San Diego. Our primary business is in the pension and health areas, where we help clients identify, measure, and monitor financial risks, and assist them in addressing those risks. At the heart of these services is our proprietary line of sophisticated "X-scan"​ modeling tools that allow clients to see, in real time, the nature and degree of financial risk they face, and determine when deeper analysis is needed. We stand behind our work, serving our clients with integrity, responsiveness and objectivity. Our only business is providing analysis and advice. We do not ask clients to accept limitations on our liability for the quality of our work. Our advice is objective, serving only our clients interests and will not be affected by conflicts with other corporate alliances, outside advisors, external oversight entities, or between management and labor. Although Cheiron opened its doors in 2002, our seasoned consulting staff averages more than 24 years of experience. Our consultants have earned a strong national reputation for high professional standards, innovation and dedication to solving our clients'​ problems.

Critical Point
Surprises and obstacles SECURE 2.0 could present for plan sponsors and HR professionals

Critical Point

Play Episode Listen Later Aug 8, 2022 14:34


Learn how SECURE 2.0 could derail or reduce participant contributions, and what plan sponsors and HR professionals need to know about this potential regulation. In this episode of Critical Point, Milliman's Jason Brantley sits down with Charles Clark and Karina Guerrero to talk about surprises in SECURE 2.0 and some of the details below the headlines. They'll discuss the impact to required minimum distributions (RMDs), catchup contributions, and what this means for companies with non-full-time employees.

Critical Point
Regulatory reviews around principle-based valuations

Critical Point

Play Episode Listen Later Jul 18, 2022 37:12


Hear real-life experiences and get an “inside the company” look at the regulatory examination of principles-based reserve valuations for life insurers. PBR is a new method of determining U.S. statutory reserves in life insurance that better quantifies product risks. Milliman's Karen Rudolph sits down with Catherine Murphy from John Hancock and Sarah Theis from WoodmenLife, qualified actuaries who will share firsthand experiences around the regulatory review of PBR valuations within their respective companies. 

OTCBPodcast
OTCB 6 - 30 - 22; Donville and Milliman

OTCBPodcast

Play Episode Listen Later Jun 30, 2022 112:07


This week on the OTCBPodcast we have a jam packed show as we break down the NLLAwards, who we think Vegas will take in the Expansion Draft as well as two fantastic guest. First up is Jonathan Donville- or you may know him as Producer Donny from the Back of the Bird Podcast. Or as a National Champion with the Maryland Terrapins. He's making a name for himself on the mic and in front of the camera. Next we chat with Coach Pete Milliman from the Iroquois National as they get ready to head to Birmingham for the World Games. It's been an eye opening experience for the very well respected Coach, who's coached at every major level. The protected rosters are out so we chat about who Willy may take on July 7, we break down all the NLL Award winners, try to stay hot in our BoxBets and look down the Road to the Founders Cup - all that and more on this week's OTCB.

Dr. D’s Social Network
Arbiters of Bad Taste w/ Simon Milliman and Darian Parker - Review of "Wind River"

Dr. D’s Social Network

Play Episode Listen Later May 14, 2022 47:29


The guys are back to discuss the totally riveting and amazing movie "Wind River." Cory Lambert is a wildlife officer who finds the body of an 18-year-old woman on an American Indian reservation in snowy Wyoming. When the autopsy reveals that she was raped, FBI agent Jane Banner arrives to investigate. Teaming up with Lambert as a guide, the duo soon find that their lives are in danger while trying to solve the mystery of the teen's death. Jeremey Renner and Elizabeth Olson play the lead roles. --- Send in a voice message: https://anchor.fm/drdarianparker/message

Critical Point
Global benefits in 2022 – A conversation with Microsoft's Vicky Nevin

Critical Point

Play Episode Listen Later May 10, 2022 31:54


In this one-on-one conversation with Vicky Nevin, Microsoft's head of international compensation and benefits, learn how a leading multinational organization is approaching its compensation and benefits strategy and overcoming global challenges. Vicky speaks with Milliman / MBWL global EB leader John-Paul Augeri to share perspectives and priorities for benefits leaders during this time of global change.

Long Shot Leaders with Michael Stein
How to get your book made into a movie and be a peaceful warrior with Dan Milliman

Long Shot Leaders with Michael Stein

Play Episode Listen Later May 4, 2022 37:58


How to get your book made into a movie and be a peaceful warrior with Dan Milliman Dan Millman, author of PEACEFUL HEART, WARRIOR SPIRIT: the True Story of my Spiritual Quest, is a former world trampoline champion, Stanford University gymnastics coach, martial arts instructor, and Oberlin college professor. His 18 books are published in 29 languages. His first book, Way of the Peaceful Warrior, was adapted to film in 2006. Dan has taught in 32 countries. For more about his books, events, online courses, and free life-purpose calculator visit: www.PeacefulWarrior.com   Daniel Jay Millman is an American author and lecturer in the personal development field. He is best known for the movie Peaceful Warrior, which is based on his own life and taken from one of his books.

Expert Insights
Peer to Peer Pointers for Successful Prior Authorizations

Expert Insights

Play Episode Listen Later Apr 28, 2022


Krystal Revai MD, MP discusses peer to peer pointers for assignment of appropriate levels of care for hospitalized patients She defines in patient and observation levels of care, as well as how the guidelines for the use of InterQual and Milliman are different. She shares what clinicians can do to ensure that their patients are admitted under the appropriate level of care and what can be done if the insurance company disagrees with a determination that a member should be inpatient and downgrades them to observation.

Risky Benefits
Solving the Long Term Care Crisis • Risky Benefits S3, Ep. #5

Risky Benefits

Play Episode Listen Later Apr 26, 2022 62:31


On mic is Christin Kuretich, Strategy Consultant at Milliman, and David Perry, FBMC's own Vice President of Enrollment Strategies, to talk with Rick about the effects of the Long Term Care Crisis. From family member burnout to the stress of paying for expensive care services, the growing need for Long Term Care is a crisis not yet acknowledged by the general public.With more conversation and change in policy to support caregivers, we can improve the lives of those needing Long Term Care. To listen in and subscribe to more episodes, visit our website: fbmc.com/podcast.MORE ABOUT OUR GUEST:  Christin KuretichStrategy ConsultantMillimanChristin Kuretich is a strategy & design consultant serving the supplemental benefits market. She has twenty years of marketing and voluntary benefits experience, including account management, product development and strategic selling. Christin works with carriers to design relevant and meaningful insurance products for today's climate. She can help support the product launch cycle at any stage – beginning with consumer research, ideation and design; throughout the development, creation and launch phases; and even post-launch, focusing on sales effectiveness, strategy and messaging based on field and consumer feedback.Prior to joining Milliman, Christin spent twelve years with Trustmark Benefits – first as an implementation manager, then an account manager working with sales, brokers, enrollment firms and employers on the successful sale and execution of voluntary benefits. She is passionate about the market, and has a personal connection to nearly every product in today's portfolio, which allows her to understand the customer journey with empathy.MORE ABOUT OUR GUEST:David PerryVice President, Enrollment Strategies at FBMCFBMCDavid is leading enrollment strategies and coordination efforts of employee benefit communication and engagement, including partnering with benefits consultants to design and engage employee benefits communication and programs.David has an over 20+ years in employee benefits and his extensive background touches nearly all the functional areas in benefits, including implementation, account management, claims, benefits administration software, enrollment services sales and leadership.

The Jason Cavness Experience
Jon Schreve President at MCS - Healthcare

The Jason Cavness Experience

Play Episode Listen Later Apr 17, 2022 79:52


On this episode of The Jason Cavness Experience I talk to Jon Shreve - President at MCS We talk about the following The importance of customer service Evidenced based clinical decisions Leveraging AI His day to day as a CEO How he mentors and professionally develops people Jon's Bio Mr. Shreve oversees all facets of MCG growth and management. He was Chairman of MCG from 2002 to 2009, and he became its CEO in 2007. From 2002 to 2019, MCG has grown by over twenty times. Prior to MCG joining Hearst in 2012, Mr. Shreve had been with Milliman for over 25 years as an Equity Principal and Consulting Actuary. In addition to MCG, Mr. Shreve led or sponsored twenty other practices, including actuarial practices in Denver, Mexico, and Brazil, and Milliman's risk adjuster, MARA, and its Medical Underwriting Guidelines. He held various leadership positions, including service on Milliman's Board of Directors and Chairman of its Health Product Committee. Jon's Social Media Jon's LinkedIn: https://www.linkedin.com/in/jon-shreve-13a1aa4/ Jon's Twitter: https://twitter.com/JonShreve_MCG MCG Website: https://www.mcg.com/?utm_medium=social&utm_source=linkedin&utm_campaign=brd MCG YouTube: https://www.youtube.com/c/MCGSeattle MCG LinkedIn: https://www.linkedin.com/company/mcg-part-of-the-hearst-health-network/

Critical Point
The workplace has changed, how will the supplemental benefits market change with it?

Critical Point

Play Episode Listen Later Mar 7, 2022 31:19


Learn about five trends and creative approaches heading into 2022 for supplemental health benefits. Strategy consultant Christin Kuretich fuses Milliman market intel with a broader lens on society and the shifting nature of the workplace, to make some educated predictions on what we will see change and evolve in the voluntary benefits market. From mental health benefits to pet insurance and product design disruption, Christin gives a high-level overview on emerging approaches to supplemental products. Stay tuned for future episodes in this series, which will take a deeper dive into product design. 

Research Insights, a Society of Actuaries Podcast

Listen to Cody Webb, FCAS, CPCU, MAAA, Principal & Consulting Actuary at Milliman discuss Health and Hurricanes with host, R. Dale Hall, FSA, CERA, MAAA, CFA, SOA Research Institute Managing Director. We welcome your questions or comments at researchinsights@soa.org.

AM Best Radio Podcast
AM Best Audio - Thursday, January 20, 2022

AM Best Radio Podcast

Play Episode Listen Later Jan 20, 2022


Milliman's Beck: To Reduce Cyberrisk, Learn to Think Like a Cyber Attacker

Dr. D’s Social Network
Arbiters of Bad Taste w/ Simon Milliman and Darian Parker - Review of Midnight Mass on Netflix

Dr. D’s Social Network

Play Episode Listen Later Jan 15, 2022 95:11


The Arbiters of Bad Taste are back with our monthly show! In today's episode we do a review and big talk about the themes of the series Midnight Mass. The show is on Netflix and it is a must watch!

Microsoft Azure for Industry : Podcast
Executive Leadership During Digital Transformation with Merrie Williamson

Microsoft Azure for Industry : Podcast

Play Episode Listen Later Dec 7, 2021 29:02


We are discussing what it means for technology executives to lead their companies through true digital transformations, both from technology and cultural change perspectives. We've mentioned digital transformation several times over various episodes. Today, we'll be making digital transformation very tangible and providing guidance for leaders looking to revamp their organizations with technically driven initiatives with our guest Merrie Williamson, the Corporate Vice President of Azure Infrastructure, Digital and App Innovation, and Azure IoT at Microsoft.Episode Links:Episode TranscriptDigital Transformation with MicrosoftMicrosoft Learn course - Enabling Digital Transformation Microsoft Industry digital transformation blogSatya Nadella on Digital Transformation for Microsoft (Video)Guest:Merrie Williamson is the Corporate Vice President of Azure Infrastructure, Digital and App Innovation, and Azure IoT at Microsoft.She is responsible for global commercial sales, strategy, and execution for the core multi-billion-dollar Azure business. She has a strong background in leading engineering and product teams and in marrying sales to engineering.Follow her on LinkedIn.Hosts:Paul Maher is General Manager of the Industry Experiences Team at Microsoft. He was formerly CTO at Milliman.Follow him on LinkedIn and Twitter.David Starr is a Principal Azure Solutions Architect in the Marketplace Onboarding, Enablement, and Growth team at Microsoft. Follow him on LinkedIn and Twitter.

Action and Ambition
Zach Harris Enables Quick and Simple Individual Coverage Health Reimbursement Arrangement (ICHRA) Deployment For Companies of All Sizes

Action and Ambition

Play Episode Listen Later Nov 25, 2021 28:20


Welcome to another episode of the Action and Ambition Podcast! Our guest today is Zach Harris, Founder, and CEO of benefitbay™. A first-of-its-kind tool that gives employees the power to buy the best benefits for their families while reducing effort and expense from employers and their brokers. With a perfect marriage of specific aspects of new legislation called ICHRA (Individual Health Reimbursement Arrangement) and an easy to deploy end to end platform that includes; plan design, compliance and, banking, benefitbay™ delivers the very best individual benefit offering for today's workforce available in the market. Zach was also the Managing Director of the Milliman technical consultants and actuarial team to launch an ICHRA administration platform. Tune in to find more!

Cayden's Corner
Cayden Uncaged #35

Cayden's Corner

Play Episode Listen Later Nov 19, 2021 72:35


On the way to Houtzdale, PA for Asylum Pro Wrestling.... "The Flower City Kid" Milliman and "The Rican Sensation" Maximo Suave joined me in a conversation of many topics!!!! Check it out!

Dr. D’s Social Network
364. Simon Milliman: The 12 Albums Project - Bad Records

Dr. D’s Social Network

Play Episode Listen Later Nov 14, 2021 70:57


Join me as I speak with my good friend and musical artist, Simon Milliman, as we chat about his last album in the 12 album series...Bad Records https://soundcloud.com/user-776700869/sets/bad-records

HR Benecast's podcast
Episode 28 - A Look at Biosimilars and the Employee Benefits Plan

HR Benecast's podcast

Play Episode Listen Later Nov 10, 2021 20:53


Our host, Mike Stull, recently sat down with Michelle Wang, senior pharmacy management consultant at Milliman, one of the world's largest independent actuarial and consulting firms. Listen as she explains the importance of biosimilars for plan sponsors, the potential savings opportunities for plan sponsors and their participants and what employers/plan sponsors can do to take advantage of these opportunities. 

Microsoft Azure for Industry : Podcast
Scaling Your Business Through The Microsoft Commercial Marketplace with Tanuj Bansal

Microsoft Azure for Industry : Podcast

Play Episode Listen Later Nov 9, 2021 15:05


Today we're talking about opportunities partners have in marketing and selling their solutions through Microsoft's commercial marketplace. Through our commercial marketplace, partners have an opportunity to unlock access to millions of customers at a worldwide scale. Here, you'll learn how the commercial marketplace works and steps you can take to take advantage of this in your business strategy.Episode Links:Episode TranscriptISVs and Partners: Publish Your AppCustomers: Buy an appMarketplace Business Office Hours  Marketplace Developer Office HoursJoin the Microsoft Partner NetworkEventsGuest:Tanuj Bansal is the General Manager of Azure Product Marketing. He has been in various leadership roles in product marketing for the Azure business from its very early days, always championing customer and partner success. Follow him on LinkedIn.Hosts:Paul Maher is General Manager of the Industry Experiences Team at Microsoft. He was formerly CTO at Milliman.Follow him on LinkedIn and Twitter.David Starr is a Principal Azure Solutions Architect in the Marketplace Onboarding, Enablement, and Growth team at Microsoft. Follow him on LinkedIn and Twitter.

Illinois Catfishing Podcast
Episode 22 - A Conversation with Ron Milliman

Illinois Catfishing Podcast

Play Episode Listen Later Nov 1, 2021 37:20


Join us this month for a talk with Ron Milliman, a blind catfisherman from Kentucky, who has a tremendous amount of catfishing knowledge over a lifetime of outings.  We learned a huge amount, and hope that you will as well.

Critical Point
Pension risk hibernation – an alternative to annuity buyouts

Critical Point

Play Episode Listen Later Oct 26, 2021 12:08


For corporate financial officers who are considering a pension annuity buyout, there's an opportunity cost to 100% risk transfer, as Milliman's Zorast Wadia and Bret Linton discuss on this episode of Critical Point. With the passage of the COVID-19 stimulus, many CFOs and plan sponsors likely see the second half of 2021 as an opportune time to de-risk their company's pension liabilities; but pension risk transfer via an annuity buyout creates the potential to leave money on the table. This episode dives into the differences between pension risk mitigation and transfer, and some of the benefits of plan hibernation over annuity buyouts.

Passion Harvest
NDE: God asked me 2 Questions when I DIED! Struck By Lightning & Future Visions w/ Sharon Milliman

Passion Harvest

Play Episode Listen Later Oct 2, 2021 46:57


WATCH THIS INTERVIEW: https://youtu.be/_rYzoRGUXP0 Sharon Milliman has had four Near-Death Experiences. Sharon's first NDE occurred at the age of 13, when she drowned while taking swimming lessons. Sharon was struck by lightning four times over the course of several years. The fourth lightning strike resulted in her second NDE, when she was struck while talking on a cordless phone during a storm. Her third NDE occurred while she was undergoing emergency surgery. Sharon experienced her fourth NDE due to an adverse reaction to seizure medication, she died from acute respiratory acidosis. Sharon is the author of three books, "A Song In The Wind, A Near Death Experience" , "The Whispers In The Wind, A Poetic Journey Of The Soul” and “A Rose From Heaven.” This is her story, and this is her Passion. If you liked this episode, please do subscribe to our channel and let us inspire you to live a life you love. https://www.youtube.com/c/PassionHarvest/ Thank you for watching! ➡️SHOP Passion Harvest: Intuited Reading: https://passionharvest.com/intuited-reading/ ➡️SHOP Passion Harvest: Passion Mentoring: https://passionharvest.com/passion-mentoring-courses/ Passion Harvest Website: https://passionharvest.com/ Passion Harvest on Social You Tube: https://www.youtube.com/c/PassionHarvest/ Instagram: https://www.instagram.com/PassionHarvest/ Facebook: https://www.facebook.com/Passionharvest Spotify: https://open.spotify.com/show/3BogbavOan3FP1r1JXLxmV Soundcloud: https://soundcloud.com/user-796690230 iTunes: https://podcasts.apple.com/au/podcast/passion-harvest/id1451566598 Leave a Podcast Review in iTunes http://getpodcast.reviews/id/1451566598 Connect with Sharon Milliman Website: https://sharonmilliman.wordpress.com/

Critical Point
Why did the flu disappear in 2020?

Critical Point

Play Episode Listen Later Sep 27, 2021 31:02


In fall 2020, due to the Covid-19 pandemic and the looming flu season, public health experts feared the possibility of a “twindemic”—a one-two punch of Coronavirus plus influenza. But that year, flu cases hit historic lows. The so-called twindemic never happened. Milliman health care expert Ellyn Russo discusses why the volume of flu cases decreased, and what health care systems can learn from this phenomenon. 

MAGIC IS REAL
SHARON MILLIMAN: A CONVERSATION WITH A FOUR-TIME NEAR DEATH EXPERIENCER

MAGIC IS REAL

Play Episode Listen Later Sep 6, 2021 78:59


Sharon Milliman is an ordained minister and author of the book, “A Song In The Wind”, in which she shares the details of her near death experiences and the spiritual journey that followed. Learn more about Sharon and her book here: https://www.amazon.com/Song-Wind-Sharon-Milliman/dp/1512755907 https://www.facebook.com/asonginthewindSM/ Music Credits: Track: Wandering — JayJen [Audio Library Release] Music provided by Audio Library Plus Watch: https://youtu.be/1HJbXTXa5WU Free Download / Stream: https://alplus.io/wandering FOLLOW Magic Is Real (Host Shannon Torrence) on Instagram: @realmagicshannon To be added to the Magic Is Real mailing list, e-mail me at: magicisrealshannon@gmail.com. MAGIC IS REAL YouTube Link https://www.youtube.com/watch?v=1N7Bwr7aou8&t=1864s

Microsoft Azure for Industry : Podcast
AI in Retail Innovation with Orlando Fernandes

Microsoft Azure for Industry : Podcast

Play Episode Listen Later Sep 2, 2021 25:44


On this episode, we are talk about the Azure Marketplace in the retail space: how the Azure Marketplace can help retailers, and how the it may be important for your business, both as a customer or as a solution publisher with our guest, Orlando Fernandes of XNFY Labs.Episode Links:Episode TranscriptXNFYMicrosoft Cloud For RetailAzure For RetailGuests:Orlando Fernandes works in Innovation & AI for the retail segment. He has the goal to create solutions that could change paradigms and create unique value.Follow him on Twitter or LinkedIn. Or visit his blog: https://medium.com/@orlando.ribas.Sahir Anand is the Principal Category Lead for the Microsoft Azure Cloud for Retail and Data & AI.Follow him on Twitter or LinkedIn.Hosts:Paul Maher is General Manager of the Industry Experiences Team at Microsoft. He was formerly CTO at Milliman.Follow him on LinkedIn and Twitter.David Starr is a Principal Azure Solutions Architect in the Marketplace Onboarding, Enablement, and Growth team at Microsoft. Follow him on LinkedIn and Twitter.

Society of Actuaries Podcasts Feed
Health Section: SOA Health Section Council: What's Now & What's Next

Society of Actuaries Podcasts Feed

Play Episode Listen Later Aug 30, 2021 25:05


Jackie Lee chats about the SOA Health Section Council (HSC) with its Vice Chair, Doug Norris, FSA at Milliman.  Together, they discuss how the HSC is relevant to your actuarial career beyond the Health Meeting, Listservs, podcasts and HealthWatch newsletter.  Topics discussed include efforts with continuing education, strategic initiatives (such as Initiative 18|11, Managed Care 3.0, Pharmacy series, and social determinants of health,) and networking.  Whether you're still in exams or a seasoned actuary, learn about how you can use the HSC to your advantage, from research access or contribution, to volunteering, and what's in the HSC pipeline that will also be beneficial.

Society of Actuaries Podcasts Feed
Long Term Care Section: Morbidity Experience Studies

Society of Actuaries Podcasts Feed

Play Episode Listen Later Aug 26, 2021 13:59


Jeff Anderson of Milliman discusses his recent efforts related to LTC morbidity experience studies. Observed trends and future considerations are also discussed.

Phi-Lacrosse-ophy Podcast
Phi - Lacrosse - Ophy Podcast Season 4, Ep. 1 Johns Hopkins Head Coach Pete Milliman

Phi-Lacrosse-ophy Podcast

Play Episode Listen Later Aug 23, 2021 67:38


In the first podcast of season 4, Jamie talks to Johns Hopkins Head Coach Pete Milliman about his lacrosse journey from growing up in Rochester, NY to becoming the head coach at Johns Hopkins last year. Milliman also discusses his offensive philosophies, what Hopkins likes to do on the defensive side of the ball, as well as what he looks for in recruits!

Society of Actuaries Podcasts Feed
Predictive Analytics and Futurism Section: Machine Learning in the Cloud, Part 3 – Cloud Security

Society of Actuaries Podcasts Feed

Play Episode Listen Later Aug 19, 2021 27:17


Host Anders Larson, FSA, MAAA, is joined by Ben Wyatt, a security and compliance manager at Milliman, to discuss considerations around data security in the cloud. Ben and Anders discuss a variety of real and perceived risks related to data access and storage in the cloud, such as HIPAA compliance, performance on security audits, threats from hackers or other malicious actors, and other scenarios that could lead to data loss.

IN-the-Know
What is Microinsurance and Why Are You Missing 80% of The Market? With Michael McCord

IN-the-Know

Play Episode Listen Later Aug 18, 2021 31:13


Michael McCord is a Principal and Managing Director at the MicroInsurance Centre in Milliman's Appleton, WI office. With over 25 years in the industry, Michael saw a growing demand for insurance for low-income individuals, but very few resources to support them. This market is vastly underserved because their needs are different. When thinking about how to service this demographic, the insurance industry needs to take on a complete paradigm shift. Michael explains why in this week's episode.   Key Takeaways A little bit about Michael and what he does for Milliman. Very quickly, Michael realized that when low-income people did better and started moving up the ladder, a small disaster would occur, and they were right back on the breadline. When Michael, who has spent time throughout Africa, went to suggest the concept of insurance to help the people of Uganda, his idea was rejected. Michael has spoken to different types of executives in this field, the reason why so many companies target the “upper market” is because they don't know how to access this lower-margin market and help more people. How do you define microinsurance? Selling insurance to low-income people has a lot of moving pieces. This means you have to be on the ground and talking to people to really understand their unique challenges. Michael lists some of the challenges with serving this particular market segment. There are four pillars to making microinsurance successful. Michael shares a bit of back story as to why. The reality is, there isn't enough money in these policies. The margins are low, but you make up for it in volume. Is there more of an acceptance from regulators on the need for microinsurance? Michael shares an example of why a freemium model doesn't work in this space. Michael breaks down how the insurance industry has to think differently for this demographic by sharing some common challenges people are running into, and how microinsurance helps fill that gap. Michael is doing a women's risk insurance profile in Kenya. He shares some of his insights so far. Climate change is a real problem. Michael is seeing first-hand the impacts of it and the people who deeply depend on agriculture to survive. What does Michael wish he'd known about at the beginning of his career?   Keep Getting Better Frm.milliman.com Michael on LinkedIn   Quotes   “Microinsurance is specifically designed for low-income people. This is an active piece of the insurance continuum.”   “We're going to do a $500 policy for low-income people. How do we operationally do that differently? It's a paradigm shift. Low-income people need money within hours, [not days/weeks].”   “We have to define microinsurance with regulators, how to distribute it, who can distribute it, what technology they can use. We need to get all four of those pieces and if we don't do a piece of that, then it will always fail.”

Critical Point
Understanding IRS guidance Notice 2021-48 under the American Rescue Plan

Critical Point

Play Episode Listen Later Aug 13, 2021 14:10


In late July, the IRS provided additional guidance on changes to single-employer defined benefit pension plan cash contribution rules under the American Rescue Plan. In this episode of Critical Point, Milliman pension consultants Charlie Clark and Casey Baldwin break down the guidance and what it means for pension plans and their plan sponsors. Baldwin and Clark discuss the implications for interest rate relief, amortization rates, prefunding balances, and written elections, among other things. They also share pitfalls to be aware of under this guidance.

Microsoft Azure for Industry : Podcast
Microsoft's Low Code Platform with Charles Lamanna and Ryan Cunningham

Microsoft Azure for Industry : Podcast

Play Episode Listen Later Jul 29, 2021 40:27


Low Code solution creation is all the rage. A Gartner report even forecasts, “By 2024, 75% of large enterprises will be using low-code development tools.” In this episode we're discussing Microsoft's Low Code platform. We'll hear why it can matter for you at a strategic level in your organization and we'll also be digging down into the capabilities of the platform.Our guests today, Charles Lamanna and Ryan Cunningham, talk about what types of solutions people are building using the platform, who uses the platform and who the most common type of “Low Code” users are, Microsoft's Dataverse as a key part of the Power Platform and what it is, and how someone new to these technologies gets up and running to try it out and get started.Episode Links:Episode TranscriptLow Code Application Development on AzureMicrosoft Power Apps on AzurePower AutomatePower Automate Robotic Process AutomationGuests:Charles Lamanna is the Corporate Vice President of the Business Applications & Platform (BAP) at Microsoft. He leads the engineering teams in the business applications & platform across both Product Management and Development. Follow him on Twitter or LinkedIn.Ryan Cunningham is the GM for Power Apps at Microsoft. Power Apps is the Low Code platform used by millions of people around the world to build apps that make their working lives better.Follow him on Twitter or LinkedIn.Hosts:Paul Maher is General Manager of the Industry Experiences Team at Microsoft. He was formerly CTO at Milliman.Follow him on LinkedIn and Twitter.David Starr is a Principal Azure Solutions Architect in the Marketplace Onboarding, Enablement, and Growth team at Microsoft. Follow him on LinkedIn and Twitter.

Dr. D’s Social Network
315. Simon Milliman - Album #11 Jetsam, The Lies We Tell Ourselves and Bringing Back Short Shorts from the 1980's NBA

Dr. D’s Social Network

Play Episode Listen Later Jul 25, 2021 56:08


I started this thing off with a synthwave concept. From the beginning I knew I had failed at that concept and this would be something out of my control. This seems fitting since it's been a hell of a month and life has definitely felt out of my control. Free will is perhaps my only credo and maybe that got into this album, the music having a will of its own, the songs leading me instead of me leading the songs. Whatever, Songs. Do what you want. I told a friend about a week ago that I have no songs in me right now. It's been that kind of month. What does a songwriter do with no songs within them? Gather them from the ether. Beach comb what troubles you, eyeing anything that glitters. Piece them together like random puzzles tossed up on shore and then forced together on a rainy beach. They don't fit? Who cares. It's been that kind of month. I've been contemplating how every truth is a lie, how we all lie to ourselves and other people—sometimes with the best of intensions. Other times not. Over the past couple of years I have been putting forth a concentrated effort to rid myself of hypocrisy. It's not easy. Perhaps the closest I'll get is admitting that I'm lying to myself. The song, False Sanctuaries, somewhat speaks to that: When you get the best of me/I am ageless like I've never been born/the idea of an idea… The idea of an idea. That sounds like some Matrix b.s. Don't listen to me. I'm probably lying, after all. The idea of lying to ourselves comes up again in, August Fears. My shapeshifting heart/I used to jump when they told me to jump/you think that's not you/you just have different voices calling. This all sounds pessimistic, yet I believe this is us in our optimum state: telling ourselves noble lies that get us through our days and nights. Lies such as, everything will be alright, or, everyone can be happy if they try. Nice things to say, but, really, let's get serious. Not everything will be alright. Some things won't. Some people won't. Not everyone can be happy. Still, Bob Marley echoes in my brain, Everything gonna be alright. You're lying to me, Bob, but I'm going to keep believing you. Life is short, after all. The finale to the album is, Mr Majestic. I don't want to say the song wallows in this idea of lying to ourselves, but…(sigh)… The first two thirds of Mr Majestic sound like I don't know what a song is. The last third is when I actually sing to my eldest child, Sunny, about how they used to greet me after I had worked all night and I would cuddle with them and watch the morning kid shows on PBS. Sunny would lumber down the stairs of our townhouse and look up and me asking, “Snuggle-buggle?” The answer was always, “Yes.” This will be always/this will be you and me. Sunny is 19 now. We've been through a lot together these 19 years. Not all of it snuggle-buggling. I've been majestic/I've been despair/there is no always/but there is still you and me. It's been that kind of month. https://soundcloud.com/user-776700869/sets/jetsam

That Annuity Show
109 Using and Improving Your RISE Score On The Way to Retirement to with Sheila Jelinek and Peter Sun

That Annuity Show

Play Episode Listen Later Jul 23, 2021 43:25


Many times when planning for retirement we often try to lock onto a specific date. However, it may be more productive for some to focus on their actual level of preparation for retirement. Today, Sheila Jelinek and Peter Sun from Milliman join us to talk about the genesis of the RISE tool which does exactly that. They explain how to get either your score or that of your client, and more importantly, how to use it to improve your plan over time. Also, do you want to get regular updates on news from Sheila, Peter and other guests of our show? Go to https://thatannuityshow.com and subscribe to our newsletter. Links mentioned in this episode: Learn about the methodology behind the RISE Score: https://frm.milliman.com/-/media/frm/pdfs/3-17-21-frm-milliman_rise_score.ashx Access the RISE Tool here: https://alex.fyi/rise/ https://www.therisescore.com/ https://www.protectedincome.org/rise-calculator/ - The Alliance for Lifetime Income - client version https://www.protectedincome.org/rise-calculator-fa/ - The Alliance for Lifetime Income – advisor version

A Curious Life
Learning to Love Learning

A Curious Life

Play Episode Listen Later May 20, 2021 76:56


Pat Renzi is a Principal at Milliman and the CEO of Milliman's Life Technology Solutions business. Having spent 30 years providing commercial technology solutions to support actuaries in risk management, product development, and financial reporting, she is passionate about leveraging technology to allow insurers to better serve their customers, their employees, and their shareholders. Pat is a strong advocate for more diversity within actuarial science and technology, understanding the importance of diversity in background as we expand the use of data in driving decisions. Pat is the Chairperson of Milliman's Diversity, Equity, and Inclusion Committee and is working with a small group of insurers to leverage technology to provide resiliency strategies to Black-Owned small businesses Sponsor Information Visit https://my.captivate.fm/dashboard/www.yourheights.com (www.yourheights.com) and use acuriouslife10 for a 10% discount. Transcript Hadley: [00:00:00] So Pat, welcome to the show.  [00:00:03] Patricia Renzi: [00:00:03] Thank you very much for having me glad to be here.  [00:00:05] Hadley: [00:00:05] I cannot begin to tell you how much of an honour it is to be having this conversation with you to be, to have you on my show. I think hands down you are one of the most inspiring leaders that I've ever had the pleasure of working with hats off, um, and much respect. [00:00:22] Patricia Renzi: Thank you very much. Hadley: Okay. So back, I normally kick off the show by asking people one simple question. Uh, what does curiosity mean to you? [00:00:31] Patricia Renzi: [00:00:31] So whenever I hear the word curiosity, I always think of curious, George and I love curious, George, and, and the reason I love curious George is because he just always wants to learn, you know, he just dives in and he's so excited about learning new things. [00:00:51] And that's what curiosity means to me is just that, that passion around learning new things and wanting to just dive in, explore, jump from thing to thing and just, you know, always want to learn more. So that's what curiosity means to me  [00:01:06] Hadley: [00:01:06] that I think captures it perfectly. So, okay. Back now, again, you know, this is a campfire, like type discussion. [00:01:15] Um, and essentially we just gonna talk about you, um, and find out what's behind the woman. Right. Um, and generally where we start with that is right at the beginning. So where you were born parents siblings.  [00:01:30] Patricia Renzi: [00:01:30] So, um, I am the middle of three girls, um, and I was born in Westchester, Pennsylvania, so small town outside of Philadelphia. [00:01:44] Uh, my mother and father were both born and raised in Westchester. Um, Farmers.      Hadley: Okay. What kind of farmers? Patricia Renzi: Uh, so my mother's family was, um, they had milk cows and then they also raised sheep.  [00:02:04] Hadley: [00:02:04] Okay. So did you grow up on a farm? [00:02:05] Patricia Renzi: [00:02:05] I did not, no. my, both my parents.  [00:02:10] Hadley: [00:02:10] Okay. So your parents and their families were farmers. [00:02:13] Patricia Renzi: [00:02:13] Yeah. So, and my grandfather, um, on both sides, they still had farms. So as a child, we would go to the farms. And so, yeah.  [00:02:24] Hadley: [00:02:24] Understood. Okay. So you used to the, not necessarily just the Philly kind of inner city life, but the, the big wide open world and which is the one that resonates with you most. So, so I'm assuming you've, you've kind of have an association with, with both the open-world as well as the inner cities or  [00:02:44] Patricia Renzi: [00:02:44] until I went to university, it was, um, even though I lived in. [00:02:49] Yeah, sort of a suburban area. Um, it was still, everything was farmland around me. And so going into Philadelphia, even though, you know, it's 30 minutes, it was like a big trip....

The Word Nerd Cafe Podcast
Cafe Chat - ProWritingAid with Hayley Milliman

The Word Nerd Cafe Podcast

Play Episode Listen Later Mar 29, 2021 24:55


In this special bonus episode of the Word Nerd Cafe, Skaeth sits down with Hayley Milliman to discuss all the features ProWritingAid offers to help you elevate your writing and keep your readers coming back for more. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

The Buckeye Finance Guy
TBFG with John Milliman of Harbour Technology Consulting

The Buckeye Finance Guy

Play Episode Listen Later Jan 29, 2021 29:34


Digital fraud and computer security are major issues facing every person, but when you are in business you have to be especially vigilant against these threats to protect your client's personal information, as well as your business from internet predators that want t steal from you. In this episode, Jim Kilgore interviews John Milliman of Harbour Technology Consulting and they discuss some of these threats and ways you can protect yourself from them. #TBFG #money #investing #wealth #financialplanning #cfp --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/jim-kilgore/support

The Marathon Running Podcast
Episode #1 - Jeff Milliman

The Marathon Running Podcast

Play Episode Listen Later Sep 18, 2020 115:08


Jeff Milliman is owner of the Greenville Running Company in Greenville, SC. He is a 2 time NCAA National Champion, Georgia state marathon record holder, and member of the North Central College Athletic Hall of Fame. Jeff has been in the running shoe business for 40 years, and is a US patent holder in running shoe cushioning technology.  In this episode we cover Jeff's background, marathon training, and shoe technology.http://www.greenvillerunningcompany.com/https://www.facebook.com/gvillerun/https://www.instagram.com/gvillerun/p/6tRkISFhtU/ 

Rock N Roll Pantheon
Songfacts Podcast: 12 albums in 12 months with Urban Jack (Simon Milliman)

Rock N Roll Pantheon

Play Episode Listen Later Sep 10, 2020 55:11


Simon Milliman, or "Urban Jack" as he is currently known on stage, is challenging himself to write 12 albums in 12 months. As you can imagine, this doesn't leave time for revision - it's kind of like free writing, but with music. In this episode of the Songfacts Podcast, he explains how he's planning to pull it off... with no filler!Simon is a fixture on the music scene in Portland, Oregon, where he lives with his wife, kids, dogs, and yes, chickens. Full of energy and endless creativity, Simon is relentlessly upbeat; he's one of those people who make you question how you are spending your own free time.As Simon explains, there are a number of challenges that come with being continually creative and with making each album unique in sound and style. Here, he talks about his approach, and also discusses a couple of his past projects, including his time live scoring a film with a band that must have been playing as tight as anyone in order to hit those cues. Please check out his music below and stay tuned as there is much more to come from Urban Jack.https://www.urbanjackproductions.com/https://www.instagram.com/simonmilliman/https://www.songfacts.com/https://www.facebook.com/songfactshttps://twitter.com/Songfactshttp://pantheonpodcasts.com/https://twitter.com/pantheonpodsHosted and Edited by Corey O'Flanaganhttps://twitter.com/ofe1818https://www.instagram.com/coreyofe/

Songfacts Podcast
12 albums in 12 months with Urban Jack (Simon Milliman)

Songfacts Podcast

Play Episode Listen Later Sep 9, 2020 55:11


Simon Milliman, or "Urban Jack" as he is currently known on stage, is challenging himself to write 12 albums in 12 months. As you can imagine, this doesn't leave time for revision - it's kind of like free writing, but with music. In this episode of the Songfacts Podcast, he explains how he's planning to pull it off... with no filler!Simon is a fixture on the music scene in Portland, Oregon, where he lives with his wife, kids, dogs, and yes, chickens. Full of energy and endless creativity, Simon is relentlessly upbeat; he's one of those people who make you question how you are spending your own free time.As Simon explains, there are a number of challenges that come with being continually creative and with making each album unique in sound and style. Here, he talks about his approach, and also discusses a couple of his past projects, including his time live scoring a film with a band that must have been playing as tight as anyone in order to hit those cues. Please check out his music below and stay tuned as there is much more to come from Urban Jack.https://www.urbanjackproductions.com/https://www.instagram.com/simonmilliman/https://www.songfacts.com/https://www.facebook.com/songfactshttps://twitter.com/Songfactshttp://pantheonpodcasts.com/https://twitter.com/pantheonpodsHosted and Edited by Corey O'Flanaganhttps://twitter.com/ofe1818https://www.instagram.com/coreyofe/

Nebraska's Actuarial Science Club Podcast
Informational Interview - Brian Brown - Global Practice Director/Board Member @ Milliman

Nebraska's Actuarial Science Club Podcast

Play Episode Listen Later Aug 27, 2020 40:49


Have you ever wondered what the future of actuarial science might look like? Or wondered about artificial intelligence playing a considerable role in the actuarial field? Today, Brian Brown, FCAS, MAAA shares his insights on these topics and numerous others. Brian is past President of the Casualty Actuarial Society (CAS) and most recently served as Chairperson of their Board of Directors. He is a member of Milliman's Board of Directors and is also their Global Practice Director.

Lykken on Lending
2-17-20 Benefits of the Certified Mortgage Banker (CMB) Designation

Lykken on Lending

Play Episode Listen Later Feb 17, 2020 33:51


In our Hot Topic today we're talking about the Certified Mortgage Banker (CMB) designation as the mortgage industry symbol of respect, credibility, ethics and achievement. Our guests in the Hot Topic include: 1. Robert (Bob) Broeksmit, CMB, President and CEO, Mortgage Bankers Association 2. Madeline Johnson, an Executive Financial Consultant with the Milwaukee office of Milliman, and she is the current chair-woman of the CMB Society. 3. Amber Lawrence, the Associate Director of Career Development Programs for the Mortgage Bankers Association. She manages and oversees the MBA's certification and training programs! Topics Covered in this Podcast What is the Certified Mortgage Banker designation?Why would you want to become a CMB?What impact did the CMB designation have on your career?What is the process of becoming a CMB?How are concerns of CMB candidates overcome? Read more... In our Hot Topic today we're talking about the Certified Mortgage Banker (CMB) designation as the mortgage industry symbol of respect, credibility, ethics and achievement. Our guests in the Hot Topic include: 1. Robert (Bob) Broeksmit, CMB, President and CEO, Mortgage Bankers Association 2. Madeline Johnson, an Executive Financial Consultant with the Milwaukee office of Milliman, and she is the current chair-woman of the CMB Society. 3. Amber Lawrence, the Associate Director of Career Development Programs for the Mortgage Bankers Association. She manages and oversees the MBA's certification and training programs! Topics Covered in this Podcast What is the Certified Mortgage Banker designation?Why would you want to become a CMB?What impact did the CMB designation have on your career?What is the process of becoming a CMB?How are concerns of CMB candidates overcome? Read more...

The Florida Insurance Roundup from Lisa Miller & Associates
Episode 20 - Wind vs. Earthquake: Who Wins?

The Florida Insurance Roundup from Lisa Miller & Associates

Play Episode Listen Later Jul 31, 2019 27:15


The July 4 earthquakes that hit South Central California are a fresh reminder that California's population is the most susceptible in the country to major earthquakes.  So why is it, that earthquake insurance is no longer required as a condition for California mortgages?  Especially, when wind insurance is required throughout the state of Florida and elsewhere to protect against hurricane damage?While less frequent, earthquakes are unique in that the risk is constant and the potential damage can easily exceed those of hurricanes, wildfires, and flooding combined.  Is it time to readjust our public policies - and our insurance policies - to adequately cover all our 21st century risks?  Host Lisa Miller, a former deputy insurance commissioner asks John Rollins, Consulting Actuary for Milliman and Jim Wilkinson, Jr., Executive Director of the Central United States Earthquake Consortium (CUSEC).Show NotesLosses from the early July earthquakes in and around Ridgecrest, California are estimated to reach $200 million of which insurance companies will likely cover only about a fifth, according to Karen Clark & Company.  Less than 20% of property owners affected by the magnitude 7.1 quake and the 6.4 magnitude foreshock had earthquake insurance.The event has rekindled discussion on earthquakes in California.  If a similar quake had occurred in a more populated area, the costs could have been much worse.  California homeowners policies don't cover earthquake damage.  According to global consulting and actuarial firm Milliman, the lack of protection for 90% of the state's 14 million dwellings poses a risk to the largest assets of many state residents: their homes.So why is earthquake insurance no longer required as a condition for California mortgages?  GSE's (Government-Sponsored Enterprises, a type of financial services corporation such as FannieMae and Freddie Mac) servicing guidelines don't require it, so private lenders who originate and sell mortgages to the GSE's don't either.  Contrast this to windstorm insurance, which is required everywhere as a condition for a mortgage, as dictated by the same GSEs.John Rollins, Consulting Actuary for Milliman, explained that while different regions in the U.S. are predominantly impacted by a single peril, such as California with earthquakes and Florida with hurricanes, Milliman's research indicates that all of the catastrophic perils from earthquakes, wildfires, floods, and hurricanes, actually contribute significantly a measureable amount to the total amount of what an actuarially-sound homeowners premium should be for the true risk of these disasters underlying each policy across the U.S.“Each one of those types of disasters contributes potentially hundreds of dollars to the quote -‘fair' – or right insurance premium as actuaries would define it,” said Rollins.  “So that runs up against a policy question, which is, if you have significant, roughly equal risk from hurricanes, floods, wildfires, and earthquakes across the country, why aren't the guidelines for determining eligibility of mortgages for Fannie Mae and Freddie Mac… and their concomitant insurance servicing requirements exactly the same across the country?  We don't have all the answers as to why that it, but we do know that a pure clinical look at the numbers would indicate that there's really no reason to favor one peril over the other,” Rollins said.The Central United States Earthquake Consortium (CUSEC) is comprised of the eight states that would be most impacted by quakes along the New Madrid earthquake fault line, which runs along the Mississippi River, in partnership with FEMA.  CUSEC examines the earthquake threat and ways to encourage mitigation and reduce losses.  Yet, earthquake insurance isn't popular.“Clearly we have to figure out a way to get affordability down for earthquake insurance,” said Jim Wilkinson, Jr., CUSEC's Executive Director.  “For example, the six most vulnerable counties in the state of Missouri saw an almost 700% increase in their premium costs between 2000 and 2018.  We need to figure out how to get that cost down and the availability up, whether that's through incentives or other means.  There are a whole host of folks, including the banking and real estate industries together with local developers, who have a role in figuring out how to make this affordable for people who need it,” said Wilkinson.Rural communities, Wilkinson pointed out, are especially vulnerable, because they don't have the resources that larger communities have and shoulder a higher percentage of buildings and infrastructure that are vulnerable.  “We want to get to the point where we have covered as many people as we can for this peril,” he said.Host Lisa Miller noted that the purpose of insurance is to spread risk to as large a group of policyholders as possible, which can lead to more affordable premiums.  Resiliency, through stronger mitigation programs, has made a demonstrated difference in hurricane and other windstorm events.  Mandatory insurance premium discounts for specific mitigation features have been shown to reduce windstorm losses.  But can resiliency measures make the same difference to earthquake-threatened communities?Rollins said that with earthquakes, one of the issues is the cost and who is going to pay for mitigation.   “Consumers simply don't like spending money upfront to reduce a contingent future threat that may or may not materialize.  And they think very viscerally about the payback period for that investment.”He said there also has to be a catalyst, such as low-interest loans, direct government grants or loans, or public-private partnerships.  “The second problem with earthquakes is that there is far less definitive engineering backed up by recent experience to tell us exactly what sort of construction and retrofits would make a big difference and give us the highest bang for the buck,” Rollins added.  And in areas facing multiple disasters, a mitigation for one risk may be counterproductive to mitigating against a second risk.“The program is not set-up to build to a higher standard, but simply to rebuild to put it back the way it was,” noted Wilkinson.  “They have been working to make changes in the program, so that we're not adding to the problem.  That's the challenge that we've had.  It's a conflict to how we build back better, safer, stronger communities.”Also, “asking a business or a homeowner who is very anxious to get back into their property to spend an extra two weeks and an extra one to two thousand dollars on top of what they're already facing to do this cross-hazard risk reduction becomes a real challenge,” said Wilkinson.  “It's something we've failed to really grasp in the process of how we assess these programs and their costs.  It's something that FEMA is taking a hard look at because we can't keep printing money and unfortunately the disasters seem to be increasing in frequency.” While better rebuilding after the fact is a goal that we're all striving for, host Miller noted that “Knowing that we have an uninsured population, we know that residents in earthquake-prone states are exposed to millions of dollars in damage that will not get repaired because the federal government's ability and willingness to step in and replace everything that gets damaged just isn't there.”“FEMA will help a community put everything back to the way that it was before an earthquake, but for an individual, they help provide low interest loans but there's not going to be a check written to rebuild a person's house,” said Wilkinson.Rollins also discussed the increasing entry of private sector solutions, such as flood insurance, to disaster insurance problems.  He noted each one had a public policy change that served as a catalyst that attracted private insurance attention and capital. If Fannie Mae and Freddie Mac were to update one page of their servicing guidelines to require earthquake insurance, too, “it would instantly kind of upend the entire U.S. homeowners insurance market, similar to the way the Biggert-Waters Act and a few other follow-on regulations upended the flood insurance market, resulting in a whole bunch of other business models being considered,” Rollins concluded.Links and Resources Mentioned in This Episode:The Ridgecrest earthquake: Will recent quakes shake up the California insurance market? (from Milliman)The Sand Palace house in Mexico Beach, Florida (from the New York Times)Milliman websiteCentral United States Earthquake Consortium (CUSEC) websitePrivate Flood Insurance & Resilience (from Lisa Miller & Associates)** The Listener Call-In Line for your recorded questions and comments to air in future episodes is 850-388-8002 or you may send email to LisaMiller@LisaMillerAssociates.com **The Florida Insurance Roundup from Lisa Miller & Associates, brings you the latest developments in Property & Casualty, Healthcare, Workers' Compensation, and Surplus Lines insurance from around the Sunshine State.  Based in the state capital of Tallahassee, Lisa Miller & Associates provides its clients with focused, intelligent, and cost conscious solutions to their business development, government consulting, and public relations needs.  On the web at www.LisaMillerAssociates.com or call 850-222-1041.  Your questions, comments, and suggestions are welcome!  Date of Recording 7/30/19. Email via info@LisaMillerAssociates.com   Composer: www.TeleDirections.com  © Copyright 2017-2019 Lisa Miller & Associates, All Rights Reserved

IANDS Presents NDE Radio
Sharon Milliman: The 4th NDE-NDE Radio: Sharon Milliman

IANDS Presents NDE Radio

Play Episode Listen Later Jun 18, 2018


IANDS Presents NDE Radio
Sharon Milliman: The 4th NDE-NDE Radio: Sharon Milliman

IANDS Presents NDE Radio

Play Episode Listen Later Jun 18, 2018


IANDS Presents NDE Radio
Sharon Milliman: The 4th NDE-NDE Radio: Sharon Milliman

IANDS Presents NDE Radio

Play Episode Listen Later Jun 18, 2018


IANDS Presents NDE Radio
Sharon Milliman: The 4th NDE-NDE Radio: Sharon Milliman

IANDS Presents NDE Radio

Play Episode Listen Later Jun 18, 2018


IANDS Presents NDE Radio
Sharon Milliman: The 4th NDE-NDE Radio: Sharon Milliman

IANDS Presents NDE Radio

Play Episode Listen Later Jun 18, 2018