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1993

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Full-Text Articles in Insurance

Profile Vol: 42 No: 13 December 17, 1993, Blue Cross And Blue Shield Of Florida, Inc. Dec 1993

Profile Vol: 42 No: 13 December 17, 1993, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

December 17, 1993 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida. Box: 8 Folder: 58


Profile Vol: 42 No: 12 December 7, 1993, Blue Cross And Blue Shield Of Florida, Inc. Dec 1993

Profile Vol: 42 No: 12 December 7, 1993, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

December 7, 1993 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida. Box: 8 Folder: 58


Profile Vol: 42 No: 11 October 25, 1993, Blue Cross And Blue Shield Of Florida, Inc. Oct 1993

Profile Vol: 42 No: 11 October 25, 1993, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

October 25, 1993 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida. Box: 8 Folder: 58


Profile Special United Way Issue Vol: 42 No: 10 October 11, 1993, Blue Cross And Blue Shield Of Florida, Inc. Oct 1993

Profile Special United Way Issue Vol: 42 No: 10 October 11, 1993, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

October 11, 1993 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida. Special United Way Issue. Box: 8 Folder: 58


Profile Vol: 42 No: 9 August 30, 1993, Blue Cross And Blue Shield Of Florida, Inc. Aug 1993

Profile Vol: 42 No: 9 August 30, 1993, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

August 30, 1993 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida. Box: 8 Folder: 58


Profile Workplace Special Issue Vol: 42 No: 8 July 23, 1993, Blue Cross And Blue Shield Of Florida, Inc. Jul 1993

Profile Workplace Special Issue Vol: 42 No: 8 July 23, 1993, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

July 23, 1993 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida. Workplace Special Issue. Box: 8 Folder: 58


Profile Vol: 42 No: 7 June 25, 1993, Blue Cross And Blue Shield Of Florida, Inc. Jun 1993

Profile Vol: 42 No: 7 June 25, 1993, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

June 25, 1993 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida. Box: 8 Folder: 58


Profile Special Health Care Reform Issue Vol: 42 No: 6 April 30, 1993, Blue Cross And Blue Shield Of Florida, Inc. Apr 1993

Profile Special Health Care Reform Issue Vol: 42 No: 6 April 30, 1993, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

April 30, 1993 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida. Special Health Care Reform Issue. Box: 8 Folder: 58


Profile Vol: 42 No: 5 April 16, 1993, Blue Cross And Blue Shield Of Florida, Inc. Apr 1993

Profile Vol: 42 No: 5 April 16, 1993, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

April 16, 1993 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida. Box: 8 Folder: 58


The Screaming Eagle Spring/Summer 1993, Blue Cross And Blue Shield Of Florida, Inc. Apr 1993

The Screaming Eagle Spring/Summer 1993, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

Spring/Summer 1993 quarterly newsletter for employees. Box: 10 Folder: 87


Profile Vol: 42 No: 4 March 31, 1993, Blue Cross And Blue Shield Of Florida, Inc. Mar 1993

Profile Vol: 42 No: 4 March 31, 1993, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

March 31, 1993 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida. Box: 8 Folder: 58


Profile Vol: 42 No: 3 March 12, 1993, Blue Cross And Blue Shield Of Florida, Inc. Mar 1993

Profile Vol: 42 No: 3 March 12, 1993, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

March 12, 1993 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida. Box: 8 Folder: 58


Profile Vol: 42 No: 2 February 12, 1993, Blue Cross And Blue Shield Of Florida, Inc. Feb 1993

Profile Vol: 42 No: 2 February 12, 1993, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

February 12, 1993 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida. Box: 8 Folder: 58


Profile Vol: 42 No: 1 January 29, 1993, Blue Cross And Blue Shield Of Florida, Inc. Jan 1993

Profile Vol: 42 No: 1 January 29, 1993, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

January 29, 1993 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida. Box: 8 Folder: 58


The Economic Implications Of Public Disability Insurance In The United States, Patricia. M. Danzon Jan 1993

The Economic Implications Of Public Disability Insurance In The United States, Patricia. M. Danzon

Health Care Management Papers

A review of previous analyses of labor supply effects of Social Security Disability Insurance (DI) concludes that estimates of labor supply effects and net social costs are upward biased because they ignore interactions between DI and other insurances. A model of optimal insurance, postinjury accommodations, and labor supply shows that reduction in labor supply and increase in consumption when disabled do not necessarily imply moral hazard. Optimal postinjury accommodations vary inversely with firm size. The Americans with Disabilities Act will reduce wages and labor supply of healthy workers, particularly in small firms. Effects on labor supply of the disabled are ...


The Process Of Pension Forecasting, Michael Sze Jan 1993

The Process Of Pension Forecasting, Michael Sze

Journal of Actuarial Practice 1993-2006

This paper explains the process of pension forecasting. It discusses the common purposes and uses of pension forecasts, the major steps involved, and the principal limitations of these forecasts. Some insights into each stage of the forecasting process are provided. Among the stages discussed are: the background research to be performed; the selection of scenario assumptions; shortcuts used in the actual performance of the forecast; review of the forecast results; and communication of the forecast findings.


Funding Methods And Pension Plan Amendments, Keith P. Sharp Jan 1993

Funding Methods And Pension Plan Amendments, Keith P. Sharp

Journal of Actuarial Practice 1993-2006

This paper considers the treatment of plan amendments under the individual entry age normal and projected unit credit methods. Alternative treatments are considered, and comments are made about their acceptability.


The Small Plan Audit Program: The Opinions Of The Court, Arnold F. Shapiro Jan 1993

The Small Plan Audit Program: The Opinions Of The Court, Arnold F. Shapiro

Journal of Actuarial Practice 1993-2006

One of the most important issues of recent years from the perspective of many pension actuaries is the IRS's small plan audit program. The program initially was expected to raise two-thirds of a billion dollars by targeting well-funded defined benefit plans with five or fewer participants. The focus of the audit was the assumed interest rate and the normal retirement age, both of which the IRS generally regarded as too low. While the focus of the audit was relatively narrow, the issue it raised was a funda mental one. The basic question was the extent to which the IRS ...


Discussion Of Patrick Butler's "Cost-Based Pricing Of Individual Automobile Risk Transfer: Car-Mile Exposure Unit Analysis", Ruy A. Cardoso Jan 1993

Discussion Of Patrick Butler's "Cost-Based Pricing Of Individual Automobile Risk Transfer: Car-Mile Exposure Unit Analysis", Ruy A. Cardoso

Journal of Actuarial Practice 1993-2006

No abstract provided.


On The Equivalence Of The Loss Ratio And Pure Premium Methods Of Determining Property And Casualty Rating Relativities, Robert L. Brown Jan 1993

On The Equivalence Of The Loss Ratio And Pure Premium Methods Of Determining Property And Casualty Rating Relativities, Robert L. Brown

Journal of Actuarial Practice 1993-2006

There are two distinct stages in the property and casualty ratemaking process. First, there is the portfolio average rate change. Second, there is the adjustment of classification relativities. It is well known that the loss ratio and pure premium (also called the loss cost) methods are algebraically equivalent in the stage called the portfolio average rate change. This paper reviews the proof of this equivalence. Further, it is proved algebraically that the loss ratio and pure premium methods are also equivalent in calculating classification relativities (or differentials) if certain data requirements can be met. A short numerical example of this ...


Journal Of Actuarial Practice, Volume 1, No. 2, 1993, Colin Ramsay , Editor Jan 1993

Journal Of Actuarial Practice, Volume 1, No. 2, 1993, Colin Ramsay , Editor

Journal of Actuarial Practice 1993-2006

ARTICLES

Ethical Issues, Helps, and Challenges: Perceptions of U.S. Actuaries • Therese M. Vaughan, Robert W. Cooper, and Garry L. Frank

Managing the Relative Volumes of Participating and Nonparticipating Business in a Mutual Life Company • Robert G. Chadburn

A Critique of Defined Contribution Plans Using a Simulation Approach • David M. Knox

Discussion • Michael Sze & David M. Knox's Reply

The Definition of Insurance: Implications for a Health Insurance Demand Model • Mark J. Browne

Discussion • Charles S. Fuhrer & Mark J. Browne's Reply

On the Equivalence of the Loss Ratio and Pure Premium Methods of Determining Property and Casualty Rating Relativities ...


Journal Of Actuarial Practice, Volume 1, No.1, 1993, Colin Ramsay , Editor Jan 1993

Journal Of Actuarial Practice, Volume 1, No.1, 1993, Colin Ramsay , Editor

Journal of Actuarial Practice 1993-2006

ARTICLES

Global Social Security: How the Rules are Changing in Certain Countries • Robert J. Myers

On Becoming a Cost Effective Company • Robert D. Shapiro and Barton H. Clennon

The Process of Pension Forecasting • Michael Sze

Cost-Based Pricing of Individual Automobile Risk Transfer: Car-Mile Exposure Unit Analysis • Patrick Butler

Discussion • Ruy A. Cardoso & Richard G. WolI & Patrick Butler's Reply

A New Approach to Modeling Excess Mortality • Peter D. England and Steven Haberman

The Small Plan Audit Program: The Opinions of the Court • Arnold F. Shapiro

BOOK REVIEWS

A. Hoque Sharif reviews "Options and the Management of Financial Risk" by Phelim ...


A Critique Of Defined Contribution Plans Using A Simulation Approach, David M. Knox Jan 1993

A Critique Of Defined Contribution Plans Using A Simulation Approach, David M. Knox

Journal of Actuarial Practice 1993-2006

During the 1980s there was a trend in many countries away from defined benefit plans toward defined contribution plans. This development means that the individual member bears the full investment risk in the preretirement period and the annuity rate risk at retirement, as no pension benefit (expressed as a percentage of salary) is provided. This paper, through the use of a stochastic model for both inflation and a range of investment returns, analyses the distribution of retirement incomes that will be produced from a defined contribution plan. The impacts of changing entry and exit ages, different investment strategies, alternative career ...


Life Insurance Applications Of Recursive Formulas, Timothy L. Giles Jan 1993

Life Insurance Applications Of Recursive Formulas, Timothy L. Giles

Journal of Actuarial Practice 1993-2006

This paper discusses several practical applications of recursive formulas:

a) Traditional whole life-As an introduction, the well-known relationship between successive terminal reserves is reviewed. Recursive formulas are developed to calculate the reserves and the premiums;

b) Universal life-Recursive formulas are used both for the calculation of target premiums and reserves. Consideration is given to the TEFRA corridor;

c) Paid-up rider-A participating single premium rider that provides a level death benefit can be devised using an inherent one year term benefit. Recursive functions are used to determine the premium that precisely matures the rider.

Because the APL programming language is particularly ...


Discussion Of Mark J. Browne's "The Definition Of Insurance: Implications For A Health Insurance Demand Model", Charles Fuhrer Jan 1993

Discussion Of Mark J. Browne's "The Definition Of Insurance: Implications For A Health Insurance Demand Model", Charles Fuhrer

Journal of Actuarial Practice 1993-2006

No abstract provided.


Group Insurance, Charles Fuhrer Jan 1993

Group Insurance, Charles Fuhrer

Journal of Actuarial Practice 1993-2006

No abstract provided.


A New Approach To Modeling Excess Mortality, Peter D. England, Steven Haberman Jan 1993

A New Approach To Modeling Excess Mortality, Peter D. England, Steven Haberman

Journal of Actuarial Practice 1993-2006

This paper describes a complete framework for the statistical modeling of excess mortality, with particular reference to the experience of insured, impaired lives. The principal measure of excess mortality considered is the standardized mortality ratio. The modeling approach, based on the theory of generalized linear models, allows us to build models containing several explanatory variables. The statistical significance of these variables can be tested, and the effect of interactions between the variables can be assessed rigorously. The paper uses data drawn from the extensive, continuing investigation into the mortality of insured, impaired lives conducted by the Prudential Assurance Company (UK ...


Managing The Relative Volumes Of Participating And Nonparticipating Business In A Mutual Life Company, Robert G. Chadburn Jan 1993

Managing The Relative Volumes Of Participating And Nonparticipating Business In A Mutual Life Company, Robert G. Chadburn

Journal of Actuarial Practice 1993-2006

Management decisions of a mutual life company involving the amounts and relative proportions of participating (with profits) and nonparticipating (without profits) business and the level of expenses are examined in relation to their effect on participating policyholders' returns. A particular expense ratio is defined that plays a key role in a framework for making such decisions. The sensitivity of participating policy returns to changes in each factor are analyzed. Companies with expense ratios (as defined) of less than 2 are shown to prefer a different strategy from companies with higher ratios. There is an incomplete tendency for the ratio to ...


Estimating The Effect Of Statutory Changes On Insured Casualty Losses Using Generalized Indicator Variables, Ruy A. Cardoso Jan 1993

Estimating The Effect Of Statutory Changes On Insured Casualty Losses Using Generalized Indicator Variables, Ruy A. Cardoso

Journal of Actuarial Practice 1993-2006

Techniques for estimating future insured losses in casualty insurance typically assume consistency in the insurance environment over time. Statutory changes, however, can create sharp discontinuities in the loss-generating process, complicating the estimation of those losses. Using indicator variables and dummy variables allows for quantification of the effect of such discontinuities. Three examples from private passenger automobile insurance are presented to illustrate how these variables can be used.


The Definition Of Insurance: Implications For A Health Insurance Demand Model, Mark J. Browne Jan 1993

The Definition Of Insurance: Implications For A Health Insurance Demand Model, Mark J. Browne

Journal of Actuarial Practice 1993-2006

This paper uses data from the 1977-78 National Medical Care Expenditures Survey to evaluate five different measures of insurance: a family's expected out-of-pocket payment for medical care, the expected value of the indemnity (fee-for-service) benefits from an insurance policy for a family, the percentage of the expected loss that the insured pays, the policy premium, and the policy limit of coverage. The study provides information that can help us understand whose insurance coverage will change significantly as a result of health care reform. For example, it shows that those with low income (such as minorities, families headed by females ...