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Casualty Practice Council Who are we? What are we Doing? Where are we Going?

Casualty Practice Council Who are we? What are we Doing? Where are we Going?. 2005 CPC Configuration. 2005 Key Issues:. Extreme Events/Terrorism Risk Insurance Act Loss Reserving/Insolvencies (Prospective approaches) Medical Malpractice (including current tort reform initiatives)

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Casualty Practice Council Who are we? What are we Doing? Where are we Going?

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  1. Casualty Practice CouncilWho are we?What are we Doing?Where are we Going?

  2. 2005 CPC Configuration

  3. 2005 Key Issues: • Extreme Events/Terrorism Risk Insurance Act • Loss Reserving/Insolvencies (Prospective approaches) • Medical Malpractice (including current tort reform initiatives) • Enterprise Risk Management and the Role of the Actuary • Natural Disasters

  4. 2005 Ongoing Priorities • P/C Risk-Based Capital • International Actuarial Activity • Advancing the Credibility of the Actuarial Profession • Workers’ Compensation • Mass Torts/Asbestos • NCOIL Interaction

  5. 2005 Monitoring Issues • Credit Scoring • Construction Defect • International Accounting • Finite Risk/Financial Reinsurance • Producer Commissions and Pricing

  6. Last 3 Days • Texas Medical Malpractice Study • Federal Agenda Task Force • CA WC Supplemental Schedule P • Finite Risk/Reinsurance • TRIA • Spring Meeting in DC

  7. Technology Changes on the way --Online dues payment --’One stop shopping’ membership ID changes --Possible Online tracking of CE

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