Lightning never strikes twice in the same place…or does it?

We could hardly believe our eyes!  A second large tree had fallen into my Mother’s house just two months after the first such incident. Is there an algorithm that could have predicted this?


According to Wikipedia, an algorithm is a step by step method of doing something to predict an outcome or solve a problem. It is commonly used for data processing, calculation and other related computer and mathematical operations.

As someone who is in the Lease Finance Business, I am familiar with the use of algorithms to predict loan/lease defaults. The Creditors who advertise instant loan or lease approval are using the scoring number that an algorithm has calculated. 

If a business owner needs a cash infusion, a mobile app tool could be the route of choice for them. However, if their company is adding capital equipment with the funds, a lease might be more suitable and have advantages over a loan.

While most lease providers do depend on data that is generated by algorithms to determine credit worthiness, they also consider many other factors, including historical knowledge & instinct. Thus, the credit analyst gains a more complete and, hopefully, accurate assessment of risk while the customer gains a fair & open hearing.

The Insurance and Credit industries are both dependent on the ability to predict outcomes so they can hedge against the possibility of a loss. Even with the best of data and a thorough vetting of the applicant, a tree may fall on a house again or a business can go under unexpectedly. 

Just as the infamous insurance commercial states, “I know a thing or two because I’ve covered a thing or two.”, I can say, “I’ve leased a thing or two.” 

Beware of falling trees,

Kevin F. Clune CLFP
Clune & Company