ringerz

[ringerz @Ringerz]

@longitude0 @thomasoncrypto @louismosley @nicholadrummond The Emory paper is v interesting & shld make us more skeptical, would need to see the methodology from the palantir study to see if it has the same temporal leakage bug. It’s such a large claim of reduction it warrants scrutiny

[ringerz @Ringerz]

@longitude0 @thomasoncrypto @louismosley @nicholadrummond I think this is referring to sim data being optimistic due to the ai cheating with pre read data, not real life deployment / real clinical shiz

[ringerz @Ringerz]

@FBISacramento Probably riding Lime Bikes

[ringerz @Ringerz]

@UKFightNight1 We don’t have private A&E in the UK

[ringerz @Ringerz]

@tyrrellg @LucyGoBag If you render someone unconscious with a kick to the head they are likely to release whatever it is they are holding. Someone incapacitated is easier to disarm

[ringerz @Ringerz]

@evefairbanks That guy constantly churns out AI slop

[ringerz @Ringerz]

@raggedlines @GuruAnaerobic Exactly!

[ringerz @Ringerz]

@FraserNelson This is like Bin Ladens “secret underground lair” in Tora Bora.
Clearly AI generated slop. You’re better than this

[ringerz @Ringerz]

Quite. Stand at La Source and listen as the cars fall away toward Raidillon and, once upon a time, the sound rattled your soul . It had texture, violence, a sense of occasion. Friday morning, half-empty grandstands, and still it would raise the hairs on your neck. The air would fizz

[ringerz @Ringerz]

From someone standing at a Lloyd’s box most days:

The “life insurance at Lloyd’s” line is nonsense.

If a tanker gets hit transiting the Strait of Hormuz the responding covers are:

• Hull & Machinery
• War Risks (Hull War)
• P&I liabilities via the International Group of P&I Clubs
• Cargo / Cargo War

Crew fatalities sit under P&I / employer liability structures. They’re not individual life policies placed at Lloyd's of London.

The real underwriting discussion in that scenario is:

– JWLA listed area status
– Additional Premium (AP) per transit
– aggregation across hull values in a single corridor
– breach probability vs naval escort mitigation
– reinsurance response if you get a multi-vessel event

Ironically, a US-escorted convoy regime would probably be very good business for London war risk markets.

APs gap out immediately once the threat environment is explicit. Owners still need to move cargo. Convoy discipline reduces random exposure while premiums stay elevated.

So the market dynamic becomes:

high AP × continued throughput × moderated strike frequency

That is basically the textbook marine war-risk underwriting setup.

Unpriced exposure is bad for insurers.

Expensive, volatile, but tradeable exposure is where the London market tends to do rather well.

[ringerz @Ringerz]

@nntaleb Maskirovka

[ringerz @Ringerz]

@kevinfrmoc @gCaptain This is standard wording on all war risks.

JW2003/006, JW2022 war cancellation clauses if you are interested.

So much ill informed nonsense on here

[ringerz @Ringerz]

Talking nonsense. Re/insurers around world don’t see Lloyd’s slip and price, you can’t see the written line unless you are on risk. Even within slip itself auto-follow doesn’t usually happen. Syndicates on follow with still price and run their own DD. Fast follow is becoming more common but nonstandard. Also if they saw the pricing models you would be underwhelmed. Most of the time it’s not even tech price that’s used. It’s finger in the air with hefty amount “UW discretion”.

[ringerz @Ringerz]

No, this would well for insurers. Not entirely sure of the structure - but as I understand it it’s a gov jack backstop with insurers carrying primary risk, so
it should protect LM / Bermuda against uncapped risk. They will still carry primary risk. The US will prob carry war risk / seizure etc. the rest of marine lines / hull / cargo / delay etc will still be in place. It’s positive for the market.

[ringerz @Ringerz]

@mercoglianos It happened loads of times. Standard practice. It’s how it works

[ringerz @Ringerz]

@johnkonrad @IMOHQ It’s complete bollocks though. Ffs

[ringerz @Ringerz]

@typesfast War risks are written on 7-day cancellable terms. Once actual hostilities start, the peril is no longer insurable. It’s the same logic as trying to buy hurricane cover when the storm has already made landfall

[ringerz @Ringerz]

@johnkonrad This is standard practice in the Lloyd’s market. Insurance for unforeseen events, once it’s ongoing the cover is not ongoing. Most war risks have a 7 day standard cancellation wording

[ringerz @Ringerz]

@GuruAnaerobic @gregogallagher What sort of time would be the 5k target?

[ringerz @Ringerz]

@nntaleb Exactly. On a war risk book is 91% of risks never have a claim but the 9% that do max the limit and are correlated you could end up with a loss ratio or 800% with your RI blown