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

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822 2005 EXAMINATIONS—SUCCESSFUL CANDIDATESNEW ASSOCIATES ADMITTED IN NOVEMBER 2005First row from left: Morgan Haire Bugbee, Shauna S. Williams, Yi-Chuang Sylvia Yang, Tiffany Jean Baron, Minchung Mao, Sheri Lee Scott, President StephenP. D’Arcy, Jessica Yiqing Cao, Mingyue Miriam Li, Rachel M. Klingler, Andrew T. Weist, Sean M. Leonard. Second row from left: Jean-Philippe Keable, AnnieLatouche, Jean-Francois Lessard,Vera E. Afanassieva, Richard C. Soulsby, Yuchen Su, Ziyi Jiao, Stuart G. Gelbwasser, Ronald Harris Wilkins, Brent PollockDonaldson, Jeffrey M. Casaday. Third row from left: Keith William Palmer, Martin E. Wietfeldt, Derek W. Freihaut, Matthew S. Chamberlain, Nathan JaymesHubbell, Kirk Allen Conrad, Jeffrey Donald Bellmont, Todd L. Livergood, Lawrence M. Schober. New Associates not pictured: Mark Belasco, Sonal Bhargava, TszKin Chan, Joung-Ju Chung, Lawrence G. Cranor, Choya A. Everett, Timothy M. Garcia, Nina Vladimirovna Gau, Wesley John Griffiths, Isabelle Guerin, Yu ShanHwang, Alison Susanne Jennings, Ross Evan Johnson, Jennifer Ge Kang, Michael A. Lardis, Catherine M. Larson, Jeremy M. Lehmann, Neelam P. Mankoff, AngelaGarrett McGhee, Benjamin R. Newton, Tho D. Ngo, Lynellen M. Ramirez, Zia Rehman, Arnie W. Rippener, Feixue Tang, Levente Tolnai, Rachel Katrina Tritz,Benjamin Joel Turner, Todd Patrick Walker.
OBITUARIESROBERT GRANT ESPIECLYDE H. GRAVESSIDNEY M. HAMMERRICHARD L. JOHEJ. GARY LAROSEHERBERT J. PHILLIPSPAUL J. SCHEEL SR.EDWARD MERRILL SMITHLEO M. STANKUSJOHN A. W. TRISTROBERT GRANT ESPIE1913—2005Robert Espie passed away on October 16, 2005. He was bornon December 15, 1913 in Toronto, Canada to Robert J. and CarrieEspie. At the age of 16, he enrolled in the Toronto School ofCommerce and Finance and was a member of Phi Sigma Kappa.After graduating in 1934, he was stationed in London while heserved in the U.S. Army Air Corps.He became a CAS Fellow in 1958 and worked as an actuaryat Aetna Life for over 35 years. He served on the Committeeon Annual Statement from 1964—1969 and published papers inthe Proceedings including “Some Observations Concerning Fireand Casualty Insurance Company Financial Statements” (1966)and “Insurance Investment Regulations” (1969). He retired as thevice president corporate comptroller in 1980. He enjoyed playingbridge and traveling. He is survived by his wife of 67 years,Jeanne Struthers Espie, two daughters, and four grandchildren.823
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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 41Then, f
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RISKINESS LEVERAGE MODELS 47differe
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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 75the two
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RISKINESS LEVERAGE MODELS 77that a
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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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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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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 751The quantif
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PRESIDENTIAL ADDRESS 753me keep my
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MINUTES OF THE 2005 CAS ANNUAL MEET
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Page 801 and 802: 2005 EXAMINATIONS—SUCCESSFUL CAND
Page 831: 2005 EXAMINATIONS—SUCCESSFUL CAND
Page 835 and 836: OBITUARIES 825SIDNEY M. HAMMER1931
Page 837 and 838: OBITUARIES 827J. GARY LaROSE1947—
Page 839 and 840: OBITUARIES 829PAUL J. SCHEEL SR.193
Page 841 and 842: OBITUARIES 831LEO M. STANKUSCirca 1
Page 843 and 844: INDEX TO VOLUME XCIIPage2005 EXAMIN
Page 845 and 846: 835GRAVES, CLYDE H.INDEX—CONTINUE
Page 847 and 848: 837INDEX—CONTINUEDREPORT OF THE V
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PROCEEDINGS May 15, 16, 17, 18, 2005 - Casualty Actuarial Society

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