The 2002 Annual Meeting of the Casualty Actuarial Society will be held November 10-13 at the
Boston Marriott Copley Place in Boston, Massachusetts. This meeting will give actuaries an opportunity to learn about current developments affecting the insurance industry and our actuarial profession as well as a chance to interact with other actuaries from around the globe.
Our featured speaker will be David Gergen, one of the most sought-after political minds in the country. He has served in the White House as an adviser to four presidents: Nixon, Ford, Reagan, and Clinton. Mr.
Gergen currently serves as editor at large at U.S. News and World
The annual meeting will revolve around four general sessions.
- "Operating in a Post-Enron World: Implications for Property/Casualty Insurance Companies" will
explore issues related to the need for disclosure and independence, as well as how the evaluation of loss reserves
for companies is being affected by this increased level of scrutiny.
- "Shareholder Value: Truth or Consequences?" will compare the duty of companies to policyholders and to shareholders. This session will also contrast the short-term focus of shareholders and Wall Street with
the need to provide long-term financial solidity.
- "What is the Problem With Homeowners Insurance?" will uncover some of the difficulties companies have experienced with this line over many years.
- "How Optional Federal Charters for Property/Casualty Insurance Companies Will Affect Your Industry
and Your Career" will discuss the future of the insurance industry and the actuarial profession.
Various concurrent sessions are planned throughout the meeting that will be of interest to actuaries
practicing in areas from the personal lines to the various commercial products in reserving, reinsurance, and risk
management areas. Topics related to the Actuarial Standards Board, our exams, and actuarial student program
development are also on the agenda.
Designed to help actuaries communicate results, the CAS General Business Skills Committee is offering
a limited attendance seminar entitled "Mind Your Buts" and the Conference of Consulting Actuaries will
provide a concurrent session "Good Ways to Communicate Bad News." The Conference of Consulting Actuaries has also developed a concurrent session to discuss ways of minimizing professional liability exposure:
"Practicing Defensive Actuarial Medicine."
On Tuesday evening, members and guests will attend a buffet dinner at the New England Aquarium.
A meeting registration form and descriptions of the planned sessions are enclosed in this preliminary
program. Online meeting registration is available. Please note the CAS registration fee will be refunded for cancellations received in writing on or before November 1, 2002, less a
$50 processing fee. The registration fee will increase after October 25. Since the hotel cut-off date is October 19, we suggest that you make hotel reservations as soon as possible. Information regarding the airline and car rental discounts is also included.
Christopher S. Carlson
CAS Vice President-Programs and Communications