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Kelly Hereid
@kellyhereid.bsky.social
Climate scientist, geologist, and catastrophe modeler, Liberty Mutual. Posts on all things hurricane, wildfire, flood, earthquake, tornado. Sassy takes are mine not employer's. 📍Oakland, CA Website: hereidk.strikingly.com
4.5k followers1k following2.1k posts
KHkellyhereid.bsky.social

That escalated quickly. We went from scamming federal crop insurance to a prison escape and manhunt?? Sheesh.

In August of 2023, a month before Jager and Esch reached their plea agreements with prosecutors, this unidentified male co-conspirator escaped from prison. This triggered a nationwide manhunt and caused Esch and his family "to go into hiding," as stated in a court document. Two weeks after the escape, the co-conspirator was found dead.
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KHkellyhereid.bsky.social

So pro tips! Parametric index insurance is very trendy for financing disaster response, especially in developing insurance markets. But downside, even using "official" data sources for payout triggers can get weird and is subject to basis risk, where loss doesn't match event trigger.

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KH
Kelly Hereid
@kellyhereid.bsky.social
Climate scientist, geologist, and catastrophe modeler, Liberty Mutual. Posts on all things hurricane, wildfire, flood, earthquake, tornado. Sassy takes are mine not employer's. 📍Oakland, CA Website: hereidk.strikingly.com
4.5k followers1k following2.1k posts