PROCEEDINGS May 15, 16, 17, 18, 2005 - Casualty Actuarial Society

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158 MINUTES OF THE 2005 SPRING MEETINGMr. D’Arcy commented that “seasoned” members have muchto offer the profession, and that the CAS could do more to getthem (or keep them) involved in the organization as they movetoward and into retirement. He then told the audience about thepossible formation of a special interest section to serve the needsof retired members, and asked that anyone interested in volunteeringor learning more about the Retirees Special Interest Section tocontact either Melanie Pennington, chairperson of the RegionalAffiliates Committee, or Todd Rogers at the CAS office.Vice President–Professional Education Beth Fitzgerald thengave an overview of the meeting. Ms. Fitzgerald first recognizedmeeting supporters D. W. Simpson and Company Select ActuarialServices as well as meeting exhibitors Milliman, Towers Perrin,and the Actuarial Foundation. She encouraged attendees to visittheir displays in the registration area.Ms. Fitzgerald noted that there will be two Proceedings paperspresented at this meeting, as well as two discussion papers on thetopic “Primer on Enterprise Risk Management.”In concluding her presentation, Ms. Fitzgerald complimentedand thanked chairperson Patrick Woods and the Program PlanningCommittee, along with CAS Meeting Planner Kathy Spicerand other members of the CAS office staff for coordinating themeeting.Following these announcements, the new CAS Fellows andAssociates in attendance were honored in a special ceremony.The CAS admitted 43 new Fellows and 22 new Associates inMay 2005. Thomas G. Myers, Vice President–Admissions, announcedthe new Associates and Paul Braithwaite, President-Elect,announced the new Fellows. The names of the members of theSpring 2005 class follow.
MINUTES OF THE 2005 SPRING MEETING 159John Leslie BaldanChristopher M. BilskiKirk David BituAmber L. ButekJames ChangHung Francis CheungMatthew Peter CollinsKeith William CurleyDavid A. DeNicolaNicholas JohnDe PalmaRyan Michael DiehlMelanie S. DihoraBrian Michael DonlanEllen DonahueFitzsimmonsWilliam J. FogartyRichard J. Bell IIIDarryl RobertBenjaminStacey Jo BitlerKaren Beth BuchbinderSimon CastonguayDenise L. CheungMelissa Diane ElliottNEW FELLOWSSébastien FortinMarie LeStourgeonCharles R. GrilliotJames Donald HeidtEric David HulsScott Robert HurtYoung Yong KimBrandon Earl KubitzHoi Keung LawAmanda MarieLevinsonGavin XavierLienemannJohn Thomas MaherLaura Suzanne MartinJames Paul McCoyShawn Allan McKenzieNEW ASSOCIATESSolomon CarlosFeinbergJohn S. FlattumJonathan W. FoxEdward LionbergerBrent Layne McGillThomas Edward MeyerAlan E. MorrisJames Lewis NorrisBruce GeorgePendergastMatthew James PerkinsMichele S. RaeihleRobert Allan RoweQuan ShenSummer Lynn SipesJames M. SmieszkalLiana St-LaurentKeith Jeremy SunvoldErica W. SzetoMalgorzata TimbergNicholas JaimeWilliamsonCatherine Ann MorseLisa M. NieldFrank W. ShermoenShannon WhalenStephen C. WilliamsStephen K. WoodardNavid ZarinejadRobert John ZehrMr. D’Arcy then introduced Allan Kaufman, a past presidentof the Society, who gave the address to new members. Followingthe address, Mr. D’Arcy announced Alex Jin as the recipient of theHarold W. Schloss Memorial Scholarship Fund, which is awardedto benefit a deserving and academically outstanding student inthe University of Iowa’s actuarial program, offered through theDepartment of Statistics and Actuarial Science. The student re-
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VOLUME XCII NUMBERS 176 and 177PROC
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FOREWORDActuarial science originate
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2005 PROCEEDINGSCONTENTS OF VOLUME
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2005 PROCEEDINGSCONTENTS OF VOLUME
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Editorial Committee, Proceedings Ed
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2 AN EXAMINATION OF THE INFLUENCE O
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10 AN EXAMINATION OF THE INFLUENCE
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AN EXAMINATION OF THE INFLUENCE OF
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RISKINESS LEVERAGE MODELSRODNEY KRE
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RISKINESS LEVERAGE MODELS 33There a
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RISKINESS LEVERAGE MODELS 35where f
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RISKINESS LEVERAGE MODELS 37where a
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RISKINESS LEVERAGE MODELS 39Various
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RISKINESS LEVERAGE MODELS 49The las
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RISKINESS LEVERAGE MODELS 57Mean Va
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RISKINESS LEVERAGE MODELS 59APPENDI
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DISCUSSION OF A PAPER PRESENTED AT
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RISKINESS LEVERAGE MODELS 63known t
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RISKINESS LEVERAGE MODELS 65to be a
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RISKINESS LEVERAGE MODELS 67implies
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RISKINESS LEVERAGE MODELS 69bad res
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RISKINESS LEVERAGE MODELS 71a maxim
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RISKINESS LEVERAGE MODELS 734. INTE
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RISKINESS LEVERAGE MODELS 79REFEREN
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RISKINESS LEVERAGE MODELS 81EXHIBIT
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RISKINESS LEVERAGE MODELS 83
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WHY LARGER RISKS HAVE SMALLER INSUR
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WHEN CAN ACCIDENT YEARS BE REGARDED
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THE APPLICATION OF FUNDAMENTAL VALU
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A NEW METHOD OF ESTIMATING LOSS RES
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ARCHITECTURE FOR RESIDENTIAL PROPER
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ESTIMATING THE WORKERS COMPENSATION
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INCORPORATION OF FIXED EXPENSESGEOF
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DISCUSSION OF PAPER PUBLISHED INVOL
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THE “MODIFIED BORNHUETTER-FERGUSO
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ADDRESS TO NEW MEMBERS-NOVEMBER 14,
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ADDRESS TO NEW MEMBERS 743Now to an
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PRESIDENTIAL ADDRESS-NOVEMBER 14, 2
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MINUTES OF THE 2005 CAS ANNUAL MEET
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REPORT OF THE VICE PRESIDENT-ADMINI
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2005 EXAMINATIONS—SUCCESSFUL CAND
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OBITUARIESROBERT GRANT ESPIECLYDE H
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OBITUARIES 825SIDNEY M. HAMMER1931
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OBITUARIES 827J. GARY LaROSE1947—
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OBITUARIES 829PAUL J. SCHEEL SR.193
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OBITUARIES 831LEO M. STANKUSCirca 1
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INDEX TO VOLUME XCIIPage2005 EXAMIN
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835GRAVES, CLYDE H.INDEX—CONTINUE
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837INDEX—CONTINUEDREPORT OF THE V
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PROCEEDINGS May 15, 16, 17, 18, 2005 - Casualty Actuarial Society

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