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

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576 ARCHITECTURE FOR RESIDENTIAL PROPERTY INSURANCE RATEMAKINGEXHIBIT 16A-Florida Insurance CompanyHomeowners Rates Effective 1/1/2004Competitive AnalysisPreferred HO-3, $75,000 Frame RiskA-Florida Top 20 DifferenceA-Florida Proposed Competitor Residual A-Florida fromCounty Current Rate Rate Current Avg. Market Rate Change CompetitionAlachua 429 492 466 737 14.7% 5.7%Baker 459 435 517 750 ¡5:2% ¡15:9%Bay 530 791 724 1,097 49.2% 9.3%Washington 483 515 552 753 6.6% ¡6:7%Preferred HO-3, $150,000 Masonry RiskA-Florida Top 20 DifferenceA-Florida Proposed Competitor Residual A-Florida fromCounty Current Rate Rate Current Avg. Market Rate Change CompetitionAlachua 527 716 673 1,031 35.9% 6.5%Baker 617 617 750 1,048 0.0% ¡17:7%Bay 718 1,182 1,054 1,535 64.7% 12.2%Washington 653 741 798 1,053 13.5% ¡7:2%
ARCHITECTURE FOR RESIDENTIAL PROPERTY INSURANCE RATEMAKING 577EXHIBIT 17A-Florida Insurance CompanyHomeowners Rates Effective 1/1/2004Rating Logic for Calculation of Adjusted BasePremiumCalculation of Total Base PremiumOp. Value Premium Description163 163 Fire Base Rate (by Form)£ 1.00 0 Fire Territory Factor£ 1.00 0 Fire Construction/Protection Class Factor (by Form)= 163 Fire Key Premium£ 1.006 1 Fire Key (amount of insurance) Factor (by Form)£ 1.00 0 Fire Deductible Factor (by AOI)= 164 Fire Base Premium282 282 Hurricane Base Rate (by Form)£ 0.57 (121) Hurricane Territory Factor£ 0.73 (76) Hurricane Mitigation Factor= 85 Hurricane Key Premium£ 1.025 2 Hurricane Key Factor (by Form)£ 1.00 0 Hurricane Deductible Factor (by Zone, & AOI if flat$500)= 87 Hurricane Base Premium46 46 Other Wind Base Rate (by Form)£ 1.09 4 Other Wind Territory Factor= 50 Other Wind Key Premium£ 1.025 1 Other Wind Key Factor (by Form)£ 1.00 0 Other Wind Deductible Factor (by AOI)= 51 Other Wind Base Premium31 31 Liability Base Rate (by Form)£ 1.00 0 Liability Increased Limits Factor£ 0.92 (2) Liability Territory (group) Factor+ 2 2 Medical Payments Base Rate+ 0 0 Medical Limit Charge/Credit= 31 Liability/Medical Base Premium151 151 All Other Perils Base Rate (by Form)£ 1.01 2 AOP Territory Factor= 153 AOP Key Premium£ 1.022 3 AOP Key Factor (by Form)£ 1.00 0 AOP Deductible Factor (by AOI)= 156 AOP Base Premium488 Total Base Premium
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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 51ple. Th
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RISKINESS LEVERAGE MODELS 53the TVA
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RISKINESS LEVERAGE MODELS 55We also
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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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ADDRESS TO NEW MEMBERS 151ateship a
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ADDRESS TO NEW MEMBERS 153You shoul
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ADDRESS TO NEW MEMBERS 155strength
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MINUTES OF THE 2005 CAS SPRING MEET
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MINUTES OF THE 2005 SPRING MEETING
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Volume XCII, Part 2 No. 177PROCEEDI
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MODELING FINANCIAL SCENARIOS 179Bab
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MODELING FINANCIAL SCENARIOS 209TAB
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MODELING FINANCIAL SCENARIOS 223are
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MODELING FINANCIAL SCENARIOS 233ete
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MODELING FINANCIAL SCENARIOS 235[10
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MODELING FINANCIAL SCENARIOS 237[30
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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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INCORPORATION OF FIXED EXPENSES 681
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DISCUSSION OF PAPER PUBLISHED INVOL
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APPLICATION OF THE OPTION MARKET PA
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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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PRESIDENTIAL ADDRESS 747use of thes
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PRESIDENTIAL ADDRESS 749just lookin
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PRESIDENTIAL ADDRESS 753me keep my
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MINUTES OF THE 2005 CAS ANNUAL MEET
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MINUTES OF THE 2005 ANNUAL MEETING
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REPORT OF THE VICE PRESIDENT—ADMI
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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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