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Property/Casualty

COVID-19 Is No Black Swan

Many commentators have labeled COVID-19 a black swan event. Nassim Taleb popularized the expression, defining such an event as impossible to predict, having a major effect and seeming obvious in hindsight. Yet, there were clear warnings from credible institutions. Three examples stand out, showing the crisis should not have been a complete surprise. Epidemiologists had […]

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