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

760 MINUTES OF THE 2005 ANNUAL MEETINGTesting where he produced a thorough, high-quality research paperin just one month’s time.Mr. D’Arcy announced that the Charles A. Hachemeister Awardrecipient was Jon Holtan for his paper entitled “Pragmatic InsuranceOption Pricing.” Roger Hayne presented the Dorweiler Prizeto Rodney E. Kreps Ph.D. for his paper “Riskiness Leverage Models.”After the awards presentation Mr. D’Arcy requested a momentof silence for members who had died in the past year: RobertG. Espie, Sidney M. Hammer, Richard L. Johe, J. Gary LaRose,Edward Merrill Smith, and Leo M. Stankus.Mr. D’Arcy said the Trustees for the CAS Trust (CAST) werepleased to recognize D.W. Simpson & Company, which has donated$10,000 to the Trust. Their cumulative donations to the CASTrust have now reached the milestone of $100,000.Brian Johnson, committee representative from the Joint CAS/SOA Committee on Minority Recruiting, discussed their work andpresented the college scholarship to recipient Chris Martin. Otherrecipients of the scholarship included Denita Hill, Kayun Ng,Diandra Daniel, Tyre Wise, Desmond Cooper, Jacob Mallol, andNahathai Srivali. Mr. D’Arcy also announced that two high schoolteachers were in attendance accompanying their students: JoshuaBessicks of Baltimore Polytechnical High School and Victoria Stephensonof Western High School.Mary Weiss of Temple University gave the ARIA presentation.Ms. Weiss currently is the Vice President of ARIA and also theeditor of Risk Management and Insurance Review, a journal thatARIA publishes specifically to encourage a research interface betweenacademe and industry.In conclusion, Mr. D’Arcy gave his presidential address andofficially passed on the CAS presidential gavel to new CAS PresidentPaul Braithwaite. Mr. Braithwaite gave a brief overview ofthe future year before closing the business session.