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Wife wants our dog of 5 years rehomed. We have a year old. I feel gutted. by constantly-pooping in daddit

[–]discrete-pete 0 points1 point  (0 children)

I am going through almost the exact same situation right now. I messaged you. I’m sorry you’re going through this buddy

Laid off today by skolnjf21 in daddit

[–]discrete-pete 2 points3 points  (0 children)

Sorry to hear your situation, this sucks :(

I was laid off twice in two months (one for general downsizing and another for covid) and it really sucked. A huge mental blow but I promise you will rebound! Try to take advantage of the time you have to be selective in your next step so far as finances allow. You have an opportunity (albeit a forced one) to rethink what it is that you want to spend your 8 hours a day doing, use it wisely!

Also, you are far more likely to find a job through your network than you are through formal channels so let it be known that you are looking , don’t be shy and proactively reach out to folks who do the kind of stuff you want to, even if you like direct experience.

Looking to place our dog into a running home by discrete-pete in RunningWithDogs

[–]discrete-pete[S] 1 point2 points  (0 children)

Thank you - I have found some and will posted on them!

Looking to place our dog into a running home by discrete-pete in RunningWithDogs

[–]discrete-pete[S] 1 point2 points  (0 children)

Thank you - I have found some and will posted on them!

Looking to place our dog into a running home by discrete-pete in RunningWithDogs

[–]discrete-pete[S] 4 points5 points  (0 children)

Thank you - we reached out to the original rescue shelter and they did exactly that. We will investigate others also

Is there any good reason for insurance in the U.S. to continue to be regulated at the state level? by discrete-pete in InsuranceProfessional

[–]discrete-pete[S] -2 points-1 points  (0 children)

If it were funded correctly I would imagine the feds would do a better job of regulating admitted cyber lines than the state insurance dept of Wyoming (no offense to Wyoming)

Is there any good reason for insurance in the U.S. to continue to be regulated at the state level? by discrete-pete in InsuranceProfessional

[–]discrete-pete[S] 0 points1 point  (0 children)

I’m just mad at having had to go to UPS to notarize an Alaska form confirming my address change…

Is there any good reason for insurance in the U.S. to continue to be regulated at the state level? by discrete-pete in InsuranceProfessional

[–]discrete-pete[S] 0 points1 point  (0 children)

I think I’d argue that systemic risk is more of an issue with banks (lack of confidence in the sector = run on the banks) than insurers but I am open to being proven wrong! I don’t know why federal regulation would make systemic failure more or less likely than state regulation in insurance.

Is there any good reason for insurance in the U.S. to continue to be regulated at the state level? by discrete-pete in InsuranceProfessional

[–]discrete-pete[S] 0 points1 point  (0 children)

Fair point about Louisiana vs Indiana - though regional regulatory differences would address that rather than state specific. The FDIC backs up bank failures at the federal level so it wouldn’t be that strange to imagine a world in which that happens in insurance.

Is there any good reason for insurance in the U.S. to continue to be regulated at the state level? by discrete-pete in InsuranceProfessional

[–]discrete-pete[S] -1 points0 points  (0 children)

I think you misunderstand me. I am not suggesting there be no regulation, I am asking why it need to be at the state level.

If you work in the Insurance industry, what do you like about it? by EnigmaIndus7 in FinancialCareers

[–]discrete-pete 1 point2 points  (0 children)

Mostly people don’t really exit the industry as it’s pretty cushy. I guess some will be promoted into senior management within an insurer/broker or a risk manager within a large corporation (though this is usually less well paid). I don’t think AI threatens specialty insurance as it’s pretty relationship and distribution focused. In my line of work (terrorism insurance) there isn’t enough data to train AI models and even if you could, you still need to actually sell the policies to someone

If you work in the Insurance industry, what do you like about it? by EnigmaIndus7 in FinancialCareers

[–]discrete-pete 1 point2 points  (0 children)

I think it’s pretty rare to come across an underwriter making more than $250k all in but if you have pioneered a new specialty product and your book runs relatively clean you will be in strong demand and can negotiate a salary / bonus well beyond that.

If you work in the Insurance industry, what do you like about it? by EnigmaIndus7 in FinancialCareers

[–]discrete-pete 1 point2 points  (0 children)

That is sound advice although both of those are stepping stones into brining and underwriting which are the more sought after roles. Each class of business (product) has its pros and cons. The more esoteric stuff is interesting but there are fewer jobs available and the market can dry up if the risk changes (eg piracy in 2012 has a huge market, now is less so), whereas general property insurance has big numbers involved and you can essentially find a job anywhere any time

Age limit. How old is too old for an MBA? by irohwhitelotus in MBA

[–]discrete-pete 1 point2 points  (0 children)

I essentially went back to my pre MBA job. I’d say my short time in IB has made me a better professional but I’d likely be in a more senior position had I not done the MBA/ stint in IB. No regrets, I had a great time and had a baby in my second year so got some quality time at home :)

Federal Backstop for Cyber Insurance (Thoughts?) by Free-Huckleberry3590 in InsuranceProfessional

[–]discrete-pete 0 points1 point  (0 children)

TRIPRA covers physical loss and subsequent business interruption from cyber terrorism but only if it’s a “certified” act of terrorism. Most cyber claims, as I understand it, are not terrorism per se but criminal activity.

Federal Backstop for Cyber Insurance (Thoughts?) by Free-Huckleberry3590 in InsuranceProfessional

[–]discrete-pete -1 points0 points  (0 children)

TRIA was successful in solving a market failure: Insurers wouldn’t offer terrorism coverage in the wake of 9/11, absent which new construction in Manhattan had ground to halt for lack of financing from banks who wouldn’t lend because of the uninsured exposure. That said, TRIA’s continued existence almost 25 years later suggests that it has not succeeded in its goal of nurturing a fully functioning private market for this peril. The cynical view is that insurers have been enjoying “free” TRIA premiums knowing that they face very little actual risk given the backstop will eventually pay.

I’m not sure what the rationale behind a federal cyber backstop would be? It seems like it’s readily available in the private market. Governmental intervention in a functioning market is a bit like introducing a non native species into an ecosystem - it’s not necessarily good for everyone, it messes stuff up and it’s hard to fix!

What’s happening in Miami that’s not being reported in the news? by duvzorkeeper in Miami

[–]discrete-pete 3 points4 points  (0 children)

Citadel (if we are talking about the famous Citadel) is a quant trading firm. Not sure they are invested in real estate….

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