Session Information
CAS Casualty Loss Reserve Seminar (CLRS) 2009
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Are your Opinions and Actuarial Reports Meeting the Expectation of Regulators and Others?
Track : CLRS Concurrent Sessions
Program Code: FR-5
MODERATOR :
Wendy Germani, Consulting Actuary, American Actuarial Consulting Group, LLC
PANELIST (S):
Joseph Herbers, Managing Principal & Consulting Actuary, Pinnacle Actuarial Resources, Inc.
Nicole Elliott, Actuary, Texas Department of Insurance
Sarah Fore, Associate Casualty Actuary, Illinois Department of Insurance
Description
This session will answer key questions such as: what’s good about the Actuarial Reports and Opinions and what are some of the weaknesses or lack of transparency in some reports? Is there too much boiler plate language or are the reports and opinions unique to the individual company? There will also be a brief discussion on statistics from the 2008 Actuarial Opinions on materiality standards, ranges, and others.


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