The Actuarial Review
THE NEWSLETTER OF THE CASUALTY ACTUARIAL SOCIETY · VOL. 32, NO. 2 · May 2010

From the President: Professional or Scientist?   —Roger Hayne—I was once retained by a client to assist as a statistical expert in a legal proceeding. As is often the case in such situations, there was an opposing expert.  Continued...

Ethical Issues Forum: Ethical Issues—Does the Placement Go to the Lowest Quote?   —Is it okay for Joe to place a very large part of TWIC’s reinsurance coverage with LC Re at the quoted price?  Continued...

In My Opinion: They Don’t Ask Us Because We Are Not Visible   —Grover Edie—The health care bill was all over the news, and the cost of it was one of the major issues. Regardless of your political view of the bill, I am still angry that no talk show host, no major newspaper, nor any other news outlet, interviewed an actuary for her or his opinion about the cost of the thing.  Continued...

CAS Releases Financial Report    Continued...

Random Sampler: Damned Lies   —Charles L. McClenahan—Although the origination of the line is not known with certainty, it was Mark Twain who popularized this observation: “There are three kinds of lies: lies, damned lies, and statistics.” While recent disclosures relating to global warming/cooling/whatever statistics may tend to reinforce this view, I would contend that a statistic (singular) may be inaccurate but not, in itself, deceptive. It is only in the plural (statistics) that they have the potential to be misleading.  Continued...

Opinion: Coercion Is Not Us   —C.K. Stan Khury—I have been privileged to witness the panorama of the CAS evolution from a highly collegial, tiny organization of 213 Fellows and 184 Associates to today’s membership of approximately 5,000. All of this came to mind upon reviewing the second exposure draft of the 17-page document containing the proposed continuing education (CE) policy of the CAS.  Continued...



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Bob Conger (right), visited India to learn about its microfi nance and microinsurance programs. Also pictured (l to r) are Maria de Nazaré Barroso (Portugal), Clemence Tatin-Jaleran (Institute for Financial Management and Research-India), Dave Pelletier (Canada), and Gottfried Rey (Switzerland).

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