Patel and Raws Win 1998 Reserves Prize

Chandu C. Patel and Alfred Raws III won the 1998 Reserves Prize for their paper, "Statistical Modeling Techniques for Reserve Ranges: A Simulation Approach." Stuart B. Suchoff, chairperson of the Committee on Reserves, presented the award to Raws at the general session of the 1998 Casualty Loss Reserve Seminar on September 28. The Reserves Prize is awarded to the authors of the best paper submitted in response to a call for papers regarding reserves whenever the program is conducted by the Casualty Actuarial Society. Papers are judged by a specially appointed committee on the basis of originality, research, readability, completeness, and other factors. Recipients need not be members of the Casualty Actuarial Society. The amount of the Reserves Prize is currently $1,000. The Patel and Raws paper can be found in the 1998 Fall Forum.