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Old 10-22-2002, 09:49 AM
Obi-Wan Kenobi Obi-Wan Kenobi is offline
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Originally Posted by mackinac44
If I were to guess, "summing" probably refers to adding the assets of subsidiaries to the assets of the holding companies. If the assets of the holding companies already include those of the subsidiaries, this could lead to double counting of the assets.
That wouldn't need to be "discredited", since it was never legit.
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Old 10-22-2002, 10:58 AM
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Brad Gile Brad Gile is offline
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The article is in volume 3, which I don't have.
However, I found it using Google on the first hit!

Brad<--rarely gets this lucky
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Old 10-22-2002, 11:00 AM
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Gandalf Gandalf is offline
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Originally Posted by Brad Gile
Brad<--rarely gets this lucky
[Whimsical tan, as usual]If you're rarely going to be lucky, why not try where the payoff is better?

Here or here. [/Whimsical tan]
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Old 10-22-2002, 12:00 PM
Arlie_Proctor Arlie_Proctor is offline
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Cool! I didn't realize that the Academy site included PDF versions of AFIR.

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Old 10-30-2002, 09:14 PM
joeorez joeorez is offline
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Default The court of public opinion

I would certainly hope the court of public opinion does not try Mr. Lommele before he has had his day in court.

We don't know what part, IF ANY, he played in Reliance's downfall.

If someone does an actuarial calculation and forecasts a result of X, it becomes a difficult exercise to prove that when the ultimate result is one-half X, that the actuary must have been negligent.

Excessive use of underpriced and subsequently insolvent reinsurance certainly played a part in Reliance's downfall.
Joe Orez
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