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EDUCATION Cooper Union, B.S., Physics, 1975 PROFESSIONAL AFFILIATIONS Casualty Actuarial Society, Fellow - 1981, Associate - 1979 Society of Actuaries, Associate - 1983 American Academy of Actuaries, Member - 1979 Conference of Consulting Actuaries, Fellow - 1989, Member - 1983 Associate in Reinsurance - June 1998 (Received Reinsurance Association of America Award for Academic Excellence) Associate in Claims - September 1998 Associate in Premium Auditing - May 1999 Associate in Underwriting - June 1999 Associate in Insurance Accounting and Finance - June 2002 (Received National Association of Mutual Insurance Companies Award for Academic Excellence) Associate in Risk Management - September 2002 Casualty Actuarial Society Course on Interest Rate Models - March 2002 Association for Studies in Non-Life Insurance International Actuarial Association Casualty Actuarial Society Examination Committee : 1983-1984 Casualty Actuarial Society - Committee on Management Data and Information : 1988 Conference of Actuaries in Public Practice - Committee on Surveys : 1985 Self-Insurance / Statistics Committee - International Association for Industrial Accident Boards and Commissions (IAIABC) : 1985 Property/Casualty Actuarial Task Force of the National Association of Insurance Commissioners (NAIC) : 1987 - 1989 Statistical Task Force of the NAIC : 1988 - 1989 Life / Accident / Health Actuarial Task Force of the NAIC : 1987 Middle Atlantic Actuarial Club : 1987 Casualty Actuaries of the Southeast : 1987 Editor - Fresh Air Newsletter (Published by Actuaries in Regulation) : 1987 - 1988
PUBLICATIONS "Workers' Compensation and Investment Income" : Best's Review, Property / Casualty Insurance Edition, 10/82 "A Note on Calendar Year Loss Ratios" : Proceedings of the Casualty Actuarial Society, 11/82 "An Actuary's Analysis of the Security of a Self-Insured" : Business Insurance, 9/26/83 "Actuarial Issues to be Addressed in Pricing Excess of Loss Reinsurance" : Proceedings of the Los Angeles Chapter CPCU Technical Conference, 6/84 (Received Research Excellence Award from Farmers Insurance Group) "An Actuarial Analysis of Self-Insurance" : The Self-Insurer, Volume 1, Issue 3, 1984 "Loss and Loss Expense Reserving" : The Self-Insurer, Volume 1, Issue 4, 1984 "The ABC's of Reinsurance" : The Self-Insurer, Volume 2, Issue 4, 1985 "Actuarial Implications of Claims-Made Policies" : The Journal of the Independent Reinsurance Underwriters Association, Volume I, Number 1, October 1985 "Considerations in the Regulatory Analysis of Workers' Compensation Rate Filings" : Best's Review, Property / Casualty Insurance Edition, 8/88 "Delays in Payment of Private Passenger Auto Premium Receipts / Commissions : Impact on Calculation of Investment Income", Journal on Insurance Regulation, Volume 7, No. 3, March 1989 "Various Studies Related to Workers' Compensation", State of California - Workers' Compensation Rate Study Commission, Volume V, March 1992 LECTURES PRESENTED "Reserving Losses for Self-Insureds" & "Actuarial Sufficiency of Self-Insurance Programs" : Eleventh Workers' Compensation College of the IAIABC - 4/84 "Problems, Trends, and History of Self-Insurance" : 1984 IAIABC Central States Association Conference - 6/84 "Actuarial Issues to be Addressed in Pricing Excess of Loss Reinsurance" : Los Angeles CPCU Technical Conference - 6/84 "Types of Security Available for the Self-Insured Employer" : 1984 Mid-Year Meeting of the National Council of Self-Insurers - 9/84 "Actuarial Implications of Claims-Made Policies" : Fall 1985 Meeting of the Independent Reinsurance Underwriters Association - 10/85 "North Carolina Medical Malpractice Closed Claim Study" : Duke University - Conference on Developing Information Bases for Medical Malpractice Claim Studies - 5/87 "A Regulator's Perspective on Rate Filings" : Casualty Actuarial Society Seminar on Ratemaking - 3/88 "Understanding the Insurance Industry and Regulation" : Public Citizen's Taming the Insurance Giant Conference - 2/90 "Analyzing Insurance Company Rate Filings" : National Association of Attorneys General Insurance Committee Meeting - 4/90 "Where Does All The Money Go - Insurance Profitability" : Workers Compensation in New York - 5/95 WORK EXPERIENCE AIS RISK CONSULTANTS, INC. President - 11/84 to Present Responsibilities include performing actuarial analyses for all lines of property/casualty insurance. Loss reserve and rate level studies for insurance companies, reinsurance companies, state insurance funds, self-insurers, captive insurers, brokerage firms and attorneys. Work also involves projection of payment patterns, excess insurance studies, production of management information systems and development of individual risk rating plans. Has been qualified as an expert in property/casualty insurance in numerous jurisdictions. Has provided testimony in regulatory and legislative hearings. NEW JERSEY DEPARTMENT OF INSURANCE Assistant Commissioner - 5/88 to 1/90 Supervised a staff of 20+ which regulated rates, rules and policy forms in New Jersey for property/casualty insurance to determine compliance with the applicable statutes and regulations. Also responsible for the statistical section for property/casualty insurance. This section gathers and analyzes data related to property/casualty insurance. Provided advice to the Insurance Commissioner and other senior staff members of the Insurance Department regarding the impact of proposed legislation, regulations and overall policy directives. Provided recommendations in regard to the financial analysis and condition of insurers, including excess profits reports. NORTH CAROLINA DEPARTMENT OF INSURANCE Chief Actuary - 6/86 to 4/88 Responsible for all actuarial studies performed in the Department of Insurance covering property / casualty / life / health / accident insurance. Work included the analysis of filings made by insurance companies to see that they are in compliance with the insurance laws and regulations of the State of North Carolina. Also interacted with the legal staff of the Insurance Department in drafting proposed insurance laws and regulations. Responsible for the analysis of the loss and loss adjustment expense reserves established by insurance companies to meet the liabilities they have incurred in the past, but which will not be payable until some time in the future. Involved in various special projects relating to the financial analysis of insurance operations. These included the review of reinsurance contracts, the financial analysis of the North Carolina State Property Fire Insurance Fund and a study of medical malpractice closed claims. Was in charge of a staff of six, including four professional and two clerical people. Other duties involved the writing of computer programs, providing expert testimony at rate hearings and assisting the Insurance Commissioner prepare for legislative committees. WOODWARD & FONDILLER Senior Actuary - 8/77 to 11/84 Consulting property/casualty actuarial studies (see description under AIS Risk Consultants, Inc.) NATIONAL COUNCIL ON COMPENSATION INSURANCE Actuarial Trainee - 3/76 to 8/77 Performed ratemaking analyses and prepared rate filings for workers' compensation insurance. Regularly evaluated the impact of changes in workers' compensation benefits. Also assisted the Director of Research with special studies related to data collection, ratemaking procedures and benefit evaluations.
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