More than 58 million Americans have had packages stolen in the past year, per a recent survey.
PorchPals founder James Moore explains the surprisingly tricky math needed to solve the problem.
Moore told BI that PorchPals used three separate actuarial teams working independently on the problem to reach a comparable risk profile.
AdvertisementOf course, some households experience multiple thefts, and PorchPals estimates the number of stolen packages at around 119 million last year.
"In porch theft it's different.
Persons:
PorchPals, James Moore, Moore, Lockton, It's
Organizations:
Actuarial Resources, PorchPal's underwriters, Lloyds, London's, Syndicate
Locations:
California