FINREP Texas November 17-18, 2022

2022 FINREP Forum

Everything You Need to Know About Financial Reporting for Insurance Companies

HOST

TITLE SPONSOR

Pinnacle Actuarial Resources

Thursday

7:30-8:30 am

Breakfast

8:30-8:40 am

Welcome and Introduction

Christopher Howell, CPA, CIA, CRMA, CGMA

Shareholder, Assurance Services, Tampa Market Leader, Thomas Howell Ferguson P.A. CPAs

Christopher Howell, CPA, CIA, CRMA, CGMA

Chris is a shareholder and the co-leader of the firm’s insurance industry group practice. He has provided assurance, accounting, reporting, and consulting services to insurance companies and related entities since 2000. Chris is a member of the AICPA/NAIC Task Force Panel of Experts, which helps resolve accounting and reporting issues for insurance entities.  The Panel also helps review revisions to AICPA Accounting and Auditing Guides. 

Chris has also conducted risk assessments in various areas, including data privacy, vendor management, and underwriting and has spoken on Enterprise Risk Management (ERM). He was previously Vice President and Controller for a start-up multi-line insurance group where he designed and implemented all accounting and financial reporting mechanisms to facilitate decision-making and comply with financial and regulatory reporting requirements.

In addition to his licensure as a CPA, Chris has earned the designation of Certified Internal Auditor (CIA) and Certification in Risk Management Assurance (CRMA) from the Institute of Internal Auditors and the Chartered Global Management Accountant (CGMA) designation from the American Institute of Certified Public Accountants.

Chris received a bachelor’s degree in finance from Florida State University and a Master of Accountancy from the University of West Florida.

8:40-9:30 am

Weathering the Storms

Suzannah Jones

Deputy Chief, Texas Division of Emergency Management

Suzannah Jones

Suzannah Jones is a Deputy Chief at the Texas Division of Emergency Management (TDEM) with responsibility for Recovery and Mitigation. Suzannah has been with TDEM since 2011.

While with TDEM, Suzannah has been actively involved in the state’s response to 16 presidentially declared major disasters including Hurricane Harvey, the COVID-19 pandemic and the severe winter weather in 2021. As Deputy Chief, her team manages over $18 billion in federal funds. Suzannah came to TDEM from the Texas A&M Engineering Extension Service (TEEX) where she worked in two different divisions: the National Emergency Response and Rescue Training Center and Disaster Preparedness and Response/Texas Task Force 1. She was involved in planning, training and exercises and managed large projects in both Texas and across the U.S.


Prior to her tenure at TEEX, Suzannah worked for the U.S. Department of State as a member of the Foreign Service, serving at US embassies in Madrid, Moscow and The Hague.


Suzannah obtained a bachelor’s degree in psychology and sociology at Southern Methodist University, a master’s in business administration from Schiller International University in London, England, and a master’s in public service and administration from Texas A&M University. Suzannah is also a Certified Emergency Manager® (CEM®) through the International Association of Emergency Managers (IAEM).

9:30-10:20 am

Insolvencies: Their Effects and The Big Picture

Arthur Randolph, II

Principal & Consulting Actuary, Pinnacle Actuarial Resources, Inc.

Arthur 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. Art’s consulting career has focused on homeowners, commercial property, commercial multiple peril, workers’ compensation, medical professional liability, general liability, and commercial and personal automobile exposures.

Art 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. Art’s core services include reserving, ratemaking, and risk transfer testing.

Art is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries (AAA) and holds additional insurance designations. He is actively involved with the Florida Chamber of Commerce and is a member of the AAA P/C Extreme Events and Property Lines Committee.

10:20-10:30 am

Break

10:30-11:20 am

Recruiting & Retaining the Next Generation

Noelle Codispoti

Director, CISR High School Program, The National Alliance for Insurance Education & Research
11:20am-12:10 pm

Emerging Impacts of the Political Environment

12:10-1:10 pm

Lunch

1:10-2:00 pm

The Tax Impact

Stephen Andrews, CPA

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

Stephen Andrews, CPA

Since 2010, Stephen has been providing tax compliance services and consulting services for multiple entity types. His responsibilities include coordination of the insurance tax compliance practice, which includes federal and multi-state tax return compliance, premium tax compliance, income tax provisions on the statutory basis of accounting, consolidated income tax provisions on the GAAP basis of accounting, and representing taxpayers during the examination process with the Internal Revenue Service and state departments of revenue.

He has experience assisting clients with planning issues including: effective tax rate analysis, multi-state tax planning and analysis, distribution and dividend planning, and research for va

1:10-2:00 pm

The Tax Impact

Canita Gunter Peterson, CPA, CFST

Shareholder, Tax Services, Panama City Market Leader, Thomas Howell Ferguson P.A. CPAs

Canita Gunter Peterson, CPA, CFST

Since 1995, Canita has been providing consulting, tax, and accounting services. She serves a wide variety of business and individual clients with respect to federal, as well as 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 various industries.

2:00-2:50 pm

Diving into Fraud Schemes

Nicole Thornbro

Insurance Fraud Prosecutor, Texas Department of Insurance

Nicole Thornbro

Nicole Thornbro has been a prosecutor in the Bexar County District Attorney’s Office for the last 20 years.  She spent 3 years as a felony prosecutor in the Criminal Trial Division handling drug cases, arsons, aggravated assaults, aggravated robberies, murders, and other violent crimes.  However, the remaining 18 years were spent assigned to the White Collar Crime Division, now renamed the Public Integrity and Cyber Crime Unit.  This division handles fraud cases, complex financial crimes, computer related offenses, and public integrity cases.  In April 2012, Ms. Thornbro was selected from within this unit to become a specially designated Insurance Fraud Prosecutor for the Texas Department of Insurance.  Since that time, she has exclusively prosecuted all TDI insurance fraud prosecutions with jurisdiction in Bexar County.  In addition to investigating and prosecuting cases, she has given presentations relating to white collar crime and insurance fraud to various groups including insurance companies, law enforcement agencies, prosecutors, community groups, and TDI personnel.  In addition to her work as an Assistant Criminal District Attorney and Texas Department of Insurance special prosecutor, she has served as an adjunct professor, teaching Constitutional Criminal Procedure as the University of Texas San Antonio, as well as an adjunct professor at St. Mary’s School of Law, where she was the head coach for the St. Mary’s National Mock Trial Team for 10 years.

2:50-3:05 pm

Break

3:05-3:30 pm

Texas Department of Insurance Update on Financial Reporting

Jamie Walker

Deputy Commissioner, Financial Regulation Division, Texas Department of Insurance

Jamie Walker

Jamie Walker is the deputy commissioner of the Financial Regulation Division.  Jamie is responsible for all aspects of the division’s operations, particularly focusing upon oversight of insurer solvency and related consumer protections.  The division fulfills its mission through licensing companies, conducting financial analysis, performing on-site examinations, and leading regulatory interventions including receivership for rehabilitation and/or liquidation.  

Jamie began her career with TDI in March 2000 as an Examiner Trainee in the Examinations Section.  After 12 years of holding various positions in the Examinations Section, including five years as an assistant chief examiner, she assumed the role of associate commissioner of the Licensing Services Section from 2012 to 2015.  As associate commissioner, Jamie managed a staff responsible for the incorporation and licensing of insurers and preservation of insurer records; the licensing and regulation of insurance agents, agencies, adjusters, title agents, escrow officers, navigators, and others, as well as appointments, renewals and continuing education; and the licensing and registration of independent review organizations, workers comp networks and utilization review agents. In 2015, Jamie was named the assistant deputy commissioner of the Financial Regulation Division.  The role’s responsibilities included developing and implementing administrative procedures, being familiar with all operations of the division, and functioning as a resource regarding the division’s functions to other areas of TDI.  Jamie has been serving as the deputy commissioner of the Financial Regulation Division since May 2018.

Jamie has been actively involved in various National Association of Insurance Commissioners (NAIC) committees and working groups, including the Statutory Accounting Principles Working Group, Valuation of Securities Task Force, Capital Adequacy Task Force, and Reinsurance Task Force. 

Jamie holds a Bachelor of Arts – Economics from Lyon College, Batesville, AR.  She has a Certified Financial Examiner’s designation from the Society of Financial Examiners (SOFE) and has been an active member since 2000.

3:30-3:55 pm

Special Guest Speaker

3:55-4:45 pm

Reinsurance in an Ever-Changing Environment

Presented by Gallagher Re

4:45-5:00 pm

Day One Wrap-Up

Canita Gunter Peterson, CPA, CFST

Shareholder, Tax Services, Panama City Market Leader, Thomas Howell Ferguson P.A. CPAs

Canita Gunter Peterson, CPA, CFST

Since 1995, Canita has been providing consulting, tax, and accounting services. She serves a wide variety of business and individual clients with respect to federal, as well as 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 various industries.

5:30-7:00 pm

Networking Reception

Friday

7:00-8:00 am

Breakfast

8:00-8:10 am

Welcome and Introduction

Christopher Howell, CPA, CIA, CRMA, CGMA

Shareholder, Tax Services, Thomas Howell Ferguson P.A. CPAs
8:10-9:00 am

Bias in Insurance

Gary Wang

Senior Consulting Actuary, Pinnacle Actuarial Resources, Inc.

Gary Wang

Gary re-joined Pinnacle in 2022 after two years with Willis Towers Watson. Prior to Pinnacle, Gary was a pricing actuary for three of the top 10 insurance companies. His experience includes standard homeowners rate indications, commercial auto rate indications, and reinsurance treaty pricing for personal and commercial lines. He also has experience in reserving analyses for commercial auto and market trend analyses for commercial auto and workers’ compensation.

Gary has worked extensively on the application of advanced statistical modeling techniques to the insurance process. His experience in predictive analytics applications include rating and underwriting plan design, homeowners by peril analysis, auto vehicle characteristics analysis and scorecard development, and territory boundary development. Gary has made numerous presentations on topics relating to analytics and its application to insurance.

Gary has assisted companies in the design and implementation of rating plans and underwriting scorecards, assisted clients with incorporating data sources into classification plans, and enhanced territory classification utilizing advanced analytical methodologies for client companies. He has also designed custom vehicle classification scorecards, designed and maintained inspections prioritization scorecards, and peer-reviewed and advised companies on their analytics processes.

9:00-9:50 am

Diving into Residual Markets

Stuart Harbour

CFO, Texas Windstorm Insurance Association
9:50-10:00 am

Break

10:00-10:50 am

The Current State of the Regulatory Environment

Ronnie Johnson

Government Relations & Insurance Regulatory Lawyer, McGlinchey Stafford

Ronnie Johnson

Ronnie L. Johnson advises clients nationwide on insurance regulatory, government relations and procurement, and litigation matters. His clients – based in the U.S. and abroad – include national and international insurance and reinsurance companies, underwriters, and agencies, as well as international manufacturers of automobiles and heavy equipment. He works out of both the firm’s Dallas and Baton Rouge offices. Prior to joining McGlinchey, Ronnie served as Deputy Commissioner of Insurance, Office of Property and Casualty, for Louisiana.

In his insurance regulatory practice, Ronnie represents insurance entities with licensing, market conduct, solvency, and reinsurance matters, and he represents insurance producers in licensing and market conduct matters. In his government procurement practice, Ronnie negotiates contracts and agreements with governmental agencies on behalf of clients. He also counsels clients in responding to requests for proposals issued by governmental agencies, conducts bid protests, and pursues appeals to the district court.

Ronnie represents clients’ interests in legislative matters in Louisiana, Texas, and throughout the country. He has represented clients before numerous Louisiana government agencies as well as before agencies and/or legislatures in Mississippi, Arkansas, Ohio, California, Florida, Texas, and the District of Columbia.

10:50-11:40 am

STAT & GAAP Accounting and Reporting Update

Christopher Howell, CPA, CIA, CRMA, CGMA

Shareholder, Assurance Services, Tampa Market Leader, Thomas Howell Ferguson P.A. CPAs

Chris is a shareholder and the co-leader of the firm’s insurance industry group practice. He has provided assurance, accounting, reporting, and consulting services to insurance companies and related entities since 2000. Chris is a member of the AICPA/NAIC Task Force Panel of Experts, which helps resolve accounting and reporting issues for insurance entities.  The Panel also helps review revisions to AICPA Accounting and Auditing Guides. 

Chris has also conducted risk assessments in various areas, including data privacy, vendor management, and underwriting and has spoken on Enterprise Risk Management (ERM). He was previously Vice President and Controller for a start-up multi-line insurance group where he designed and implemented all accounting and financial reporting mechanisms to facilitate decision-making and comply with financial and regulatory reporting requirements.

In addition to his licensure as a CPA, Chris has earned the designation of Certified Internal Auditor (CIA) and Certification in Risk Management Assurance (CRMA) from the Institute of Internal Auditors and the Chartered Global Management Accountant (CGMA) designation from the American Institute of Certified Public Accountants.

Chris received a bachelor’s degree in finance from Florida State University and a Master of Accountancy from the University of West Florida.

10:50-11:40 am

STAT & GAAP Accounting and Reporting Update

Brandon Mott, CPA

Director, Assurance Services, Thomas Howell Ferguson P.A. CPAs

Brandon Mott, CPA

Since 2007, Brandon has been working with auditing insurance, governmental, not-for-profit, and commercial entities, as well as employee benefit plans. Brandon has extensive experience providing assurance and consulting services to insurance companies and related entities. A graduate of Carson-Newman College with a Bachelor of Science in Accounting, Brandon has specific experience documenting the major transaction cycles for insurance companies, assessing control risk, and design and implementation of the control tests of the premiums, claims, reinsurance, and treasury transaction cycles.

Brandon also has experience related to inventory tracking, observation, and reconciliation. He has provided a range of services which include financial statement audits, internal control studies, agreed-upon procedures, reviews, and compilations. His responsibilities as an auditor consist of planning, fieldwork, and report preparation in the areas of financial and compliance audits.

11:40-11:55 am

Conference Wrap-Up

Stephen Andrews, CPA

Shareholder, Assurance Services, Tampa Market Leader, Thomas Howell Ferguson P.A. CPAs
11:55-12:00 pm

Grab & Go Lunch


 

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

For more information or to become a sponsor please contact:
Becca Gilbert
bgilbert@thf-cpa.com
850.668.8100