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Remember the Ratemaking Seminar!

by Linda Torkelson-Brobeck, Chairperson, Committee on the Ratemaking Seminar

Hey y'all, come join us for a walk down by the river, Texas hospitality, and the 2003 Ratemaking Seminar at the Marriott Rivercenter in San Antonio, Texas on March 27-28, 2003.

In today's hardened property/casualty market, concerns about claims are arising from new sources, such as mold and terrorism. There are also claim concerns from old sources thought to be more or less under control, such as asbestos and medical malpractice. Investment returns intended to support these costs have sunk to new lows. With the increased pressure on the accounting and actuarial aspects of the insurance business, the 2003 Ratemaking Seminar promises to offer important insight for actuaries.

The general session will focus on the issue of toxic mold, which has exploded claim costs, especially in Texas and California, and may have had a potentially adverse impact in other markets across the U.S. Our featured speaker is the Texas Commissioner of Insurance, José Montemayor.

Concurrent sessions are rated according to the expected level of audience knowledge and experience. An introductory track will cover standard ratemaking procedures. Intermediate and advanced sessions will cover topics related to emerging technology and data management; financial and dynamic financial analysis; workers compensation, commercial, and personal lines ratemaking; regulation; and reinsurance issues. Call papers from the Ratemaking and Data Management Research Committees will also be presented.

Many topics will be featured, such as the value of Internet technology beyond the World Wide Web, workers compensation issues in several markets, captive formation, policyholder retention, capital allocation, coherent risk metrics, business owners insurance, updates on the use of credit in ratemaking, and much more! Look for information on the Web Site and in the mail in late December or early January.