Episode 6 - Is Insurance Gambling?

Your favorite insurance nerds Nick, Carly and Tony discuss whether insurance is gambling. Show Notes: Gambling Article: http://www.bbc.com/news/business-38905963 Lemonade 80% article: https://www.lemonade.com/blog/saving-80-90-seconds/ Nassim Taleb books: The Black Swan: https://www.amazon.com/gp/product/081297381X/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=insn-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=081297381X&linkId=98e64d55935a1b624ffa5daafc15a0ca Fooled by Randomness: https://www.amazon.com/gp/product/0812975219/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=insn-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=0812975219&linkId=bca5847b46659a4389c6cd229bc560dd Antifragile: https://www.amazon.com/gp/product/0812979680/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=insn-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=0812979680&linkId=e5f7b5e2632e98155d888211522aa6f9 Hurricane Andrew - Nature's Casino Michael Lewis: http://www.nytimes.com/2007/08/26/magazine/26neworleans-t.html IoT Article: https://insnerds.com/iot-partnership/ FM Global - Basically an engineering firm that sells insurance: http://www.fmglobal.com/ Tim Harford Amazon Author Page: https://www.amazon.com/Tim-Harford/e/B003CHGYPI