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

THE APPLICATION OF FUNDAMENTAL VALUATION PRINCIPLES 307[12] Financial Accounting Standards Board, “Statement of AccountingStandards No. 115, Accounting for Certain Investmentsin Debt and Equity Securities,” May 1993.[13] Goldfarb, Richard, presentation at CAS meeting, 1997.[14] Hall, James A., et al., “The Valuation of an Insurance Companyfor an Acquisition Involving a Section 338 Tax Election,”PCAS LXXII, 1985, pp. 227—238.[15] Hodes, Douglas, et al., “The Financial Modeling of Property-CasualtyInsurance Companies,” Casualty ActuarialSociety Forum, Spring 1996, pp. 3—88.[16] McKinsey & Company, Inc., Valuation–Measuring andManaging the Value of Companies, NewYork,NY:JohnWiley & Sons, Inc., 2000.[17] Miccolis, Robert S., “An Investigation of Methods, Assumptions,and Risk Modeling for the Valuation of Property/CasualtyInsurance Companies,” Casualty ActuarialSociety Discussion Paper Program, 1987, pp. 281—321.[18] National Association of Insurance Commissioners, AccountingPractices and Procedures Manual, Kansas City:National Association of Insurance Commissioners, 2002.[19] Ryan, J. P., and K. P. W. Larner, “The Valuation of GeneralInsurance Companies,” Journal of the Institute of Actuaries,1990, pp. 597—669.[20] Sturgis, Robert W., “Actuarial Valuation of Property/CasualtyInsurance Companies,” PCAS LXVIII, 1981, pp. 146—159.[21] Taylor, Greg C., “Valuation of a Non-Life Insurance Companyfor Purchase,” SCOR Notes, 1991, pp. 7—69.[22] Whitehead, Guy H., “Appraisal Values for Property andCasualty Insurance Companies for Merger or Acquisition,”Casualty Actuarial Society Discussion Paper Program,1989, pp. 279—340.