ROBERT W. STRAIN
Publishing and Seminars Incorporated
since 1984
P.O. Box 1520, Athens Texas 75751-1520
(903) 677-5974 from 9 to 3
E-mail: strainrw@aol.com     Website: www.strainpublishinginc.com

DAY ONE: WEDNESDAY – July 18, 2012

                             

  7:30 to 8:30            Breakfast Buffet   

                             

   8:30 to 9:10      1.  PROPERTY PRO RATA CLAUSE: QUOTA SHARE

                                (For maximum results, read Chapters R2 and RCW3)

                                Michael S. Olsan, Partner, White and Williams, LLP, 1800 One Liberty Place, Philadelphia, Pennsylvania

                                  19103

·          Before you sign the “binder”

·          Most important clauses: business covered, authorization of other insurance, limits of cover, definition of net and gross insurance liability, common account, reports and remittances

·          Sample treaty: quota share

 

  9:20 to 10:00      2.  PROPERTY PRO RATA CLAUSE: SURPLUS SHARE

                                (For maximum results, read Chapter RCW4)

                                Michael S. Olsan

·          Most important clauses: business covered, definition of policies, assumption of portfolio, term, cessions and limits, method of cession

·          Sample treaty: surplus share

                                           

10:00 to 10:20           Coffee/Tea

                                                           

10:20 to 11:10      3.  PROPERTY PER RISK CLAUSES

                                (For maximum results, read Chapters R3 & RCW6)

                                Charlene Cass, Vice President, Reinsurance, Towers Watson, One Stamford Plaza, 263 Tresser Blvd.,

                                 Stamford, Connecticut 06901

·          Most important clauses: reinsuring, definition of risk, limit and retention, ultimate net loss, reinstatement, rating

·          Sample treaty

                                           

11:20 to 12:00      4.  XPL, BAD FAITH, AND DECLARATORY JUDGMENT EXPENSE CLAUSES

                                 (For maximum results, read RCW pages 30-31, 185-192, 258-260, 285-289, 340-342, 418-419, 589-595, 689-692)

                                Renny Hodgskin, Sedgwick Claim Management Services, 100 South Jefferson Road, Whippany, New

                                  Jersey  07981

                                                

12:00 to 1:15             Luncheon – Faculty designated tables

                                                                      

  1:15 to 2:00      5.  CASUALTY CLAUSES        

                                (For maximum results, read Chapters R4,6,10 & RCW7,9.)

                                Lynn Halper, Senior Vice President, Partner Re, One Greenwich Plaza, Greenwich, Connecticut 06830

·          How reinsurance applies: attachment, net retained line, ultimate net loss, occurrence definitions

·          Coverage: per policy, per occurrence, aggregate, event

·          Sample treaty

·          Nonmathematical: exposure and experience rating, cessions, swing rates, contingent profit commissions, caps and loss corridors.

                                                      

  2:10 to 2:50       6.  CASUALTY CLAUSES (concluded)

                                                

  2:50 to 3:10            Soda/Coffee

                                            

  3:10 to 4:00       7.  BUYING CATASTROPHE REINSURANCE, ITS CRITICAL CLAUSES

                                (For maximum results, read Chapters R5 & RCW8.)

                                Charlene Cass

·          9 items for keeping out of trouble

·          Most important clauses or provisions, driven by market conditions: business covered, what inures to what, hours clause, reinstatement, definition of loss adjustment expense, extended expiration

·          Sample treaty

                                           

  4:10 to 5:00       8.  PANEL OF THE DAY’S SPEAKERS

                    with Guest Panelists Jean F. Webb IV, CPCU, (retired Senior Vice President, Prudential Reinsurance

                     Company), 304 Parry Drive, Moorestown, NJ  08057, and Kevin B. Oates, Jr., M.B.A., ARe,

                     AIAF,  Kevin Oates Consulting & Education, 201 Ontario Avenue, Egg Harbor Township, New Jersey 08234

                                          

  5:00 to 6:00            Free time each day for rest and recreation

                                            

  6:00 to 6:45            Social Hour

                                                                         

      6:45                    Dinner (choice of three entrees) – Faculty designated tables