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Professional designations
Fellow, Casualty Actuarial Society
Member, American Academy of Actuaries
Current responsibility
Richard is a principal and consulting actuary with the Los Angeles office of Milliman. He joined the firm in 1987 and served four years on the firm’s Casualty Steering Committee.
Experience
Richard is involved in a broad range of actuarial consulting services. His primary areas are medical professional liability and self-insurance for healthcare providers.
During his career at Milliman, Richard has worked in a variety of insurance environments. His clients include private-sector insurance carriers, self-insurance trust funds, captive insurance companies, risk-retention groups, insurance and reinsurance brokers, joint underwriting associations, insurance purchasing groups, public entities, 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. He is approved by the Hawaii Division of Insurance, the South Carolina Department of Insurance, and Vermont Department of Insurance to certify loss and loss expense reserves for captives and risk-retention groups. He also provides reserve opinions on captive and risk-retention groups to Nevada- and Florida-domiciled companies.
Affiliations
American Academy of Actuaries, Medical Malpractice Subcommittee of the Casualty Practice Council
Casualty Actuarial Society, Committee on Principles
Served on the Casualty Actuarial Society, Future Education Task Force
Served on the American Academy of Actuaries, Future Actuary Editorial Board
Served on the Casualty Actuarial Society, Examination Committee
Presentations and publications
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
A Look at Loss Trends, SCAHRM 26th Annual Educational Conference, April 2006
Estimating the Effect of Tort Reform on Medical Malpractice Costs, CAS Spring Meeting, May 2005
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
Trends in Medical Malpractice, Casualty Actuarial Society Seminar on Ratemaking, June 2002
Patients’ Rights: Changing Liabilities within the Health Care System, CAS Annual Meeting, March 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
Managed Care Liability Ratemaking, CAS Special Interest Seminar, October 1999
Managed Care Liability Ratemaking, CAS Annual Meeting, May 1999
Crop Insurance Ratemaking, Senate Agricultural Committee, May 1999
Managed Care Liability Exposure Bases, Casualty Loss Reserve Seminar, September 1997
Education
BS, Mathematics/Statistics, California State Polytechnic University, Pomona |
