— Managing Man-Made Catastrophe Risk —
The events of September 11 radically changed the perspective on potential consequences of man-made disaster. From an insurance viewpoint, the loss of life and property resulting from airplane crashes and large industrial fires is as much a catastrophe as such losses caused by the weather. To provide a global perspective, panelists will present annual research conducted by SwissRe that analyzes the effects of both natural and man-made catastrophes. The speakers will address the different forms of insurance coverage for these risks as well as means of mitigating and financing their consequences.

Moderator:
Sean Ringsted, Chief Operating Officer, Ace Tempest Re
Panelists:
Mike G. McCarter, FCAS, Vice President, Industry and Regulatory Affairs, American International Group, Inc.
Thomas Holzheu, Senior Economist, SwissRe

— The Challenges of Dealing With Natural Catastrophes —
Insurers, reinsurers, and regulators face a number of challenges dealing with natural catastrophes such as windstorms and earthquakes. The speakers in this session will discuss the latest issues and developments regarding Florida wind exposures and California earthquake exposures. These issues include a description of the Florida Windstorm Underwriting Association's revolutionary wind-only class plan and the California Earthquake Authority's financial structure modifications in reinsurance, revenue bonds, and other debt mechanisms. Panelists will also discuss the status of NAIC initiatives and potential federal solutions.

Moderator:
Ronald T. Kozlowski, FCAS, Consulting Actuary, Tillinghast-Towers Perrin
Panelists:
Larry D. Johnson, FCAS, Assistant Vice President, Allstate Insurance Company
Tim Richison, Chief Financial Officer, California Earthquake Authority