Speakers
Richard R. Anderson, FCAS, MAAA
Mr. Anderson is the Chief Actuary at Risk Management Solutions, Inc. Mr. Anderson’s responsibilities at RMS include research and development of the financial module used in RMS catastrophe models, the modeling of uncertainty in the catastrophe models, and research and development of enterprise-wide risk modeling for property/casualty insurance companies. Mr. Anderson also has done research and development work on the systematic optimization of capital allocation and the inclusion of catastrophe model output into dynamic financial analysis models. Before joining RMS in 1995, Mr. Anderson was an actuary with Farmers Insurance Group, holding various positions in their pricing and reserving sections. Mr. Anderson earned his BS degree in Mathematics from Illinois State University. He is a Fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries.
The Cost of Inadequate Protection
This presentation will analyze the “100-year protection” standard for the New Orleans levee system, comparing this to building code guidelines, and investigating risk-based capital models, the cost of capital, and discounted cash flow analysis.