FCAS, MAAA
Professional designations
- Fellow, Casualty Actuarial Society
- Member, American Academy of Actuaries
Current responsibility
Experience
Richard is involved in a broad range of actuarial consulting services. His primary areas are medical professional liability, general liability, workers' compensation, and multi-peril crop insurance.
During his career at Milliman, Richard has worked in a variety of insurance environments. His clients include insurance carriers, insurance purchasing groups, self-insurance trust funds, captive insurance companies, risk-retention groups, insurance and reinsurance brokers, joint underwriting associations, and federal agencies.
The assignments Richard has completed include development of insurance rates, review of reinsurance contracts, analysis of new insurance products, self-insurance and captive insurance feasibility studies, ratemaking studies, loss reserve calculations, and issuing statements of actuarial opinion on property and casualty insurance loss reserves. He has been invited to speak at seminars sponsored by the Casualty Actuarial Society on numerous occasions.Affiliations
- Chairman, American Academy of Actuaries Medical Professional Liability Subcommittee
- Chairman, Milliman Post Release Peer Review Committee
- Served on Casualty Actuarial Society Committee on Principles
- Served on the Future Actuary Editorial Board
- Served on the Casualty Actuarial Society Future Education Task Force
- Served on the Casualty Actuarial Society Examination Committee
| Presentations and publications |
- The State of the Medical Professional Liability Insurance Market, Crittenden Medical Insurance Conference, April 2010
- An Introduction to Actuarial Reports for Captives, Cayman Captive Forum, November 2010
- Big Reserve Takedowns Could Signal Trouble for Med Pro Liability Insurers, National Underwriter, October 2010
- Understanding the Market Cycle, Physician Insurer, September 2010
- The State of the Medical Professional Liability Insurance Market, Crittenden Medical Insurance Conference, 2010 Third Quarter
- Trends in Losses, National Risk Retention Association, April 2010
- The Bottom of the Medical Malpractice Claim Frequency Decline & Next Hard Market, Crittenden Medical Insurance Conference, September 2009
- Changes in the MPL Insurance Market, Physician Insurer, May 2009
- "Med Mal Insurers See Beneficial Effect of Dip in Claims, but What's the Cause?" National Underwriter, February 2008
- Industry Breakout, Hawaii Captive Insurance Council, November 2007
- Improving the Bottom Line Through Effective Risk Analysis, Northern & Southern California HFMA Chapters, September 2007
- Reinsurance Today - New Partnerships/New Challenges, Crittenden Reinsurance Conference, August 2007
- Crop Insurance, CAS Annual Meeting, November 2006
- Emerging Issues in Medical Malpractice, CAS Annual Meeting, November 2004
- Measuring the Rate of Return on Capital at Risk, American Agricultural Economics Association Symposium, July 2002
- Patients' Rights: Changing Liabilities within the Health Care System, CAS Annual Meeting, March 2001
- "Ratemaking Procedures for MPCI," Crop Insurance Today, February 2001
- Multiple-Peril Crop Insurance: Ratemaking Considerations for a Politically Sensitive Product, CAS Seminar on Ratemaking, March 2000
- Expected Rate of Return on Capital at Risk, USDA Insurance Services, November 1999
- Crop Insurance Ratemaking, Senate Agricultural Committee, May 1999
Education
- BS, Mathematics/Statistics, California State Polytechnic University, Pomona
CONTACT INFORMATION
Office:
Phone: