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The Role of the Actuary in Litigation Support
case is over, and walk away. The court doesn't care how much we've paid. In the class action, the ... the dollars towards the policyholders and take care of their claims as opposed to hiring more administrative ...Description: This presentation, session number 97CS, took place at the 1999 Spring Meeting of the Society of Actuaries, held May 24-25 in Atlanta. Using a fictional case study of a class action market conduct related suit against a life insurance company, the presenters discuss the role of the actuary in identifying the problem, quantifying the exposure, and determining the financial consequences of any proposed settlement. Discussion from participants is included. From the Record of the Society of Actuaries, Vol. 25, No. 1.
Hide- Authors: Stephen G Hildenbrand, Allan Horwich
- Date: May 1999
- Competency: External Forces & Industry Knowledge>External forces and business performance
- Publication Name: Record of the Society of Actuaries
- Topics: Enterprise Risk Management>Compliance; Life Insurance; Public Policy