INCON Florida Oct 21-22, 2020

2020 INCON

TITLE SPONSOR

Pinnacle Actuarial Resources

Agenda

Attendees will receive up to 8 hours of CPE credit.

Wednesday

Arthur R. Randolph II

Principal & Consulting Actuary, Pinnacle Actuarial Resources, Inc.

Arthur R. Randolph II

Arthur Randolph is a Principal and Consulting Actuary with Pinnacle Actuarial Resources managing the firm’s Atlanta, Georgia office. He has been in the insurance industry since 1998 and has been consulting since 2001. Mr. Randolph’s consulting career has focused on commercial and personal property, commercial multiple peril, workers’ compensation, medical professional liability, general liability, and commercial and personal automobile exposures.

Mr. Randolph provides actuarial consulting services to property and casualty (re)insurers, self-insured entities, risk retention groups, and captive insurers. In particular, he serves as the Appointed Actuary for numerous property insurance companies domiciled in Florida and in other weather catastrophe-prone states. Mr. Randolph’s core services include reserving, ratemaking, and risk transfer testing.

Mr. Randolph is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries and holds additional insurance designations. He is actively involved with the Florida Chamber of Commerce.

1:00 - 1:12 PM

Welcome & Opening Remarks

Jack Nicholson, Ph.D., MBA, CLU, CPCU

Director, Florida Catastrophic Storm Risk Management Center

Jack Nicholson, Ph.D., MBA, CLU, CPCU

Dr. Jack Nicholson is the Director of the Florida Catastrophic Storm Risk Management Center. He has the position of Research Faculty I in the Department of Risk Management/Insurance, Real Estate, and legal Studies at Florida State University.   

Dr. Nicholson served as the Chief Operating Officer of the Florida Hurricane Catastrophe Fund (FHCF) for the State Board of Administration of Florida from 1994 to 2016. In addition, Dr. Nicholson served on the Florida Commission on Hurricane Loss Projection Methodology (Commission) and served as its chair for the first two years.  At the State Board of Administration, Dr. Nicholson had the additional responsibility of overseeing the Insurance Capital Build-up Incentive Program. Prior to coming to the State Board of Administration in September of 1994, Dr. Nicholson worked for the Florida Department of Insurance for eight years.  

Jack Nicholson received his Ph.D. in Risk Management and Insurance from the University of Georgia in 1980 where he also earned his undergraduate degree in Business with a major in insurance. He received an M.B.A. from the University of North Dakota while serving as an officer in the U.S. Air Force.  Dr. Nicholson also has the professional designations of C.L.U. (Chartered Life Underwriter) and C.P.C.U. (Chartered Property and Casualty Underwriter). He has taught in the area of Risk Management and Insurance at the University of Georgia, the University of Iowa, and Florida State University.

1:00 - 1:12 PM

Welcome & Opening Remarks

Canita Gunter Peterson

Shareholder, Tax Services, Thomas Howell Ferguson P.A. CPAs

Canita Gunter Peterson

Canita has over 25 years of experience in providing consulting, tax, and accounting services.  She serves a wide variety of businesses and individual clients with respect to federal, state, and multi-state taxation.  In addition, she has been involved in mergers and acquisitions, litigation support services, IRS examinations, and representation and examinations related to various state tax issues.

She holds the Certified Florida Sales and Use Tax (CFST) designation and has provided sales tax consulting services related to compliance and reporting solutions for many different industries.

Mrs. Peterson received bachelor degrees in both accounting and finance from Florida State University. She then went on to receive her Master’s of Accountancy with an emphasis in taxation from Florida State University. 

1:00 - 1:12 PM

Title Sponsor Welcome

Arthur R. Randolph II

Principal & Consulting Actuary, Pinnacle Actuarial Resources, Inc.

Arthur R. Randolph II

Arthur Randolph is a Principal and Consulting Actuary with Pinnacle Actuarial Resources managing the firm’s Atlanta, Georgia office. He has been in the insurance industry since 1998 and has been consulting since 2001. Mr. Randolph’s consulting career has focused on commercial and personal property, commercial multiple peril, workers’ compensation, medical professional liability, general liability, and commercial and personal automobile exposures.

Mr. Randolph provides actuarial consulting services to property and casualty (re)insurers, self-insured entities, risk retention groups, and captive insurers. In particular, he serves as the Appointed Actuary for numerous property insurance companies domiciled in Florida and in other weather catastrophe-prone states. Mr. Randolph’s core services include reserving, ratemaking, and risk transfer testing.

Mr. Randolph is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries and holds additional insurance designations. He is actively involved with the Florida Chamber of Commerce.

1:12 - 1:35 PM

Florida Office of Insurance Regulation Update

David Altmaier

Florida Office of Insurance Regulation

David Altmaier

David Altmaier was appointed as the Florida Insurance Commissioner in April 2016 by the Financial Services Commission. He leads a 280-member team at the Office of Insurance Regulation (OIR) and has oversight of one of the largest insurance markets in the world. Under Altmaier’s leadership, OIR has worked to cultivate a market in Florida in which insurance products are reliable, available, and affordable.  

Altmaier began his public service at OIR in 2008, serving in a number of roles including Chief Analyst of the Property and Casualty Financial Oversight unit and Deputy Commissioner of Property and Casualty Insurance. 

Altmaier serves as Chair of the Florida Health Insurance Advisory Board. In 2018, Altmaier was named as the chair of the National Association of Insurance Commissioners’ Financial Condition (E) Committee. He also chairs the Group Capital Calculation Working Group and the Capital Adequacy Task Force.  

Prior to joining the Office, Altmaier worked as a Florida licensed 2-20 and 2-14 insurance agent and as high school math teacher. Altmaier graduated from Western Kentucky University in 2004 with a bachelor’s degree in mathematics.

1:35 - 2:00 PM

Potential Key Accounting & Technology Challenges

Matt Walker & Mike Rosciam

Thomas Howell Ferguson P.A. CPAs
2:00 - 2:50 PM

The Economy: What Happens Now?

Dr. Jerry Parrish

Chief Economist & Director of Research, Florida Chamber Foundation

Dr. Jerry Parrish

Dr. Jerry Parrish is the Chief Economist and the Director of Research for the Florida Chamber Foundation.  In that role, he is responsible for conducting in-depth analyses on the Florida economy and on solutions to help secure Florida’s future.

Dr. Parrish previously was the Chief Economist and Director of the Center for Competitive Florida at Florida TaxWatch. Prior to that position, he served as the Associate Director of the Center for Economic Forecasting & Analysis (CEFA) at Florida State University and has many years of experience in the private sector in management roles at international manufacturing companies. 

Dr. Parrish is currently an Adjunct Instructor in the Masters in Applied Economics Program at Florida State University.  He earned a B.S. in Agricultural Business and Economics from Auburn University, an M.B.A. from Bellarmine University, an M.S. in Economics from the University of North Carolina at Charlotte, and a Ph.D. in Economics from Auburn University. He regularly publishes research reports and articles on the Florida economy and Florida’s competitiveness.

2:50 - 3:10 PM

Break

3:10 - 3:37 PM

Investment Strategies for Insurers

John Schaefer

AAM

John Schaefer

John Schaefer, CFA, is AAM’s Chief Executive Officer and Chairman of the Board as well as a Principal, with 34 years of investment experience.  Mr. Schaefer oversees all functions within the firm and manages a number of P&C and Life insurance company portfolios for AAM clients. 

Mr. Schaefer joined AAM after working as Managing Director of the Insurance Asset Management unit of Zurich Scudder Investments (ZSI), where he was responsible for eight Portfolio Managers in the management of $82 billion of insurance assets. Additionally, he is a CFA Charterholder. He also earned a BBA from the University of Notre Dame and an MBA from the University of Chicago.

3:38 - 4:08 PM

The Future of Florida Homeowners Insurance is Today

Arthur R. Randolph II

Principal & Consulting Actuary, Pinnacle Actuarial Resources, Inc.

Arthur R. Randolph II

Arthur Randolph is a Principal and Consulting Actuary with Pinnacle Actuarial Resources managing the firm’s Atlanta, Georgia office. He has been in the insurance industry since 1998 and has been consulting since 2001. Mr. Randolph’s consulting career has focused on commercial and personal property, commercial multiple peril, workers’ compensation, medical professional liability, general liability, and commercial and personal automobile exposures.

Mr. Randolph provides actuarial consulting services to property and casualty (re)insurers, self-insured entities, risk retention groups, and captive insurers. In particular, he serves as the Appointed Actuary for numerous property insurance companies domiciled in Florida and in other weather catastrophe-prone states. Mr. Randolph’s core services include reserving, ratemaking, and risk transfer testing.

Mr. Randolph is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries and holds additional insurance designations. He is actively involved with the Florida Chamber of Commerce.

4:09 - 4:59 PM

The Evolving Regulatory Surveillance Framework

Wes Strickland

Florida Property & Casualty Association/Colodny Fass

Wes Strickland

Wes Strickland serves as outside counsel to the Florida Property & Casualty Association. Mr. Strickland is a shareholder with the Colodny Fass law firm, where he heads the Insurance Regulatory and Corporate Transactions Practice in the firm’s Tallahassee office. He has been ranked by Chambers & Partners as one of Florida's top insurance lawyers.

With over two decades of experience handling insurance regulatory law and complex corporate transactions, he provides counsel to both domestic and international insurers and reinsurers, among others. He represents property and casualty insurers, as well as life and health entities, self-insurance funds, and various insurance-related entities in diverse regulatory matters. 

Mr. Strickland has supervised multi-state compliance surveys and licensing matters for insurance companies, third party administrators, managing general agents, wholesale brokers, reinsurance intermediaries, insurance agencies, and manufacturers and sellers of service contracts and extended warranties. He routinely handles issues such as insurance holding company compliance, market conduct and financial examinations, company formation, multi-state expansion, corporate amendments, investment limitations, credit for reinsurance, and affiliate transactions. He has managed a wide variety of complex corporate and transactional matters for domestic and international insurers, holding companies and investors, including mergers and acquisitions, start-ups, stock offerings, restructurings, mutual holding company conversions, joint ventures, and reinsurance transactions.

Mr. Strickland also prepares and negotiates a wide variety of contracts and agreements, including managing general agent agreements, third party administrator agreements, insurance agency and broker agreements, cost allocation agreements, IT vendor agreements, and joint insurance marketing and affinity marketing agreements. A member of The Florida Bar, Mr. Strickland is a graduate of Florida State University College of Law and Florida State University.

4:58 - 5:00 PM

Conference Wrap Up

Thursday

1:00 - 1:08 PM

Welcome and Opening Remarks

Bill Ferguson

Thomas Howell Ferguson P.A. CPAs

Bill Ferguson

Bill has spent his career in public accounting and has over 40 years of experience serving a variety of clients with a significant concentration in serving insurance companies and other insurance-related enterprises.  He serves as one of the leaders of the Insurance Services Group.  His role in the Insurance Services Group is to coordinate services provided, ensure engagement objectives are accomplished within established timeframes, and serve as a technical resource. 

He has specific experience with insurance clients that includes audits of GAAP and statutory financial statements, SOC examinations, agreed upon procedure engagements relating to CAT bonds and other insurance financial instruments, and providing consulting services relating to mergers and acquisitions, resolving financial regulatory reporting issues, internal controls, business plan assistance, reinsurance accounting, operational reviews, cost allocation systems, structuring MGA and other third-party service contracts, and resolution of financial reporting issues. 

In addition, Bill served as a member of the AICPA’s Task Force for the rewrite of the accounting and auditing guide for property and casualty insurance companies.

1:05 - 1:35 PM

NAIC Update & South Carolina Market Update

Ray Farmer

South Carolina Department of Insurance

Ray Farmer

Ray Farmer has served as Director for the South Carolina Department of Insurance since former Governor Nikki Haley appointed him on November 13, 2012.  Mr. Farmer brings fifty years of experience in the insurance industry to his leadership role. 

Mr. Farmer served as the Deputy Insurance Commissioner of the Enforcement Division for the Georgia Department of Insurance and more recently Vice President for the American Insurance Association.  Mr. Farmer is a member of the State Bar of Georgia and a member of the Tort and Insurance Practice section, as well as the Workers’ Compensation section.

In 2017, Mr. Farmer received The Order of the Palmetto from Governor Haley, the state's highest civilian honor awarded to citizens of South Carolina for extraordinary lifetime service and achievements of national or statewide significance. In 2018, Mr. Farmer oversaw the passing of the Data Security Law – a law that is the first in the nation to require insurance companies to have a comprehensive and secure plan to protect consumer data.  Mr. Farmer also has the honor of being elected to serve as the President for the National Association of Insurance Commissioners. 

Mr. Farmer is a native of Atlanta and he and his wife, Gayle, have two children and five grandchildren.

1:35 - 1:45 PM

North Carolina Insurance Matters

Mike Causey

North Carolina Insurance Commissioner & State Fire Marshall

Mike Causey

Mike Causey is a businessman with more than 25 years in the insurance industry – as an agent, manager, supervisor, and agency owner.

He is a veteran of the U.S. Army where he served as a military policeman and played trombone in the Army band. 

The Commissioner graduated from High Point University with degrees in Civil and Environmental Engineering.  He also continued his MBA studies at High Point University.

Mr. Causey is a native of Guilford County where he lives with his wife on the farm where he grew up.

His goal as Commissioner is to fight for more competition in the industry and to combat insurance fraud in an effort to drive rates lower for the North Carolina consumer.  He is also passionate about making the office more consumer friendly to help residents attain their insurance needs. He took office January 2017.

1:45 - 2:29 PM

Can the Political Landscape be More Divisive?

Andrew Wiggins

Florida Chamber of Commerce
2:29 - 2:55 PM

Current State of Income Tax Reporting & the CARES Act

Stephen Andrews & Andrea Medley

Thomas Howell Ferguson P.A. CPAs
2:55 - 3:13 PM

Break

3:48 - 4:11 PM

What’s Driving the Market?

March Fisher

Citizens
4:11 - 4:57 PM

STAT & GAAP Update

Brandon Mott & Catherine Stout

Thomas Howell Ferguson P.A. CPAs
4:58 - 5:00 PM

Conference Wrap Up


 

*Time slots, speakers, and topics subject to change.

For information about the event, or to become a sponsor, contact:
Megan Townsend
Thomas Howell Ferguson P.A. CPAs
(813) 227-9120
mtownsend@thf-cpa.com

Net proceeds from the forum are donated to:
Florida State University College of Business – The Florida Catastrophic Storm Risk Management Center