Contingencies Online - July/August 2010

Departments

inside trAck .............................. 6
Front-Row Seats
Linda mallon

President’s messAGe . . . . . . . . . . . . . . . . . . . . . . . 8
It’s a Small World
Ken Hohman

commentAry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Borrowing from Retirement Savings
Howard m. Phillips

uP to code . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Regulator as Resource
John Purple

sPeciAL section .......................... 46

Reinsurance

WorkshoP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68
Illinois Tort Reform and the
Cost of Medical Liability Claims
susan J. forray and chad c. Karls

trAdecrAft . . . . . . . . . . . . . . . 72
Market Update: Risk Managers
Angie Wachholz and marianne
Westphal

bookLinks ................ 74
The Big Short:
Inside the Doomsday Machine
review by richard t. Zatorski

cryPtic PuzzLe . . . . . . . . . . . . 76
Spider's Web
tom toce

PuzzLes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78
In Tribute
mark danburg-Wyld

end PAPer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80
From Generation to Generation
sam Gutterman

4 continGencies JUL | AUG. 10

VoL 22 | no 4

Published by

President

Ken Hohman

executiVe director mary downs

communicAtions director mark cohen

editor And AssistAnt director for PuBLicAtions
Linda mallon

PuBLicAtions & mArKetinG Production mAnAGer
cindy Johns

AdVertisinG
mohanna sales representatives
(972) 596-8777

dePArtment editors
thomas L. Bakos
sam Gutterman
mark danburg-Wyld
richard t. Zatorski

PuBLicAtion desiGn & Production
Bonotom studio inc.
www.bonotom.com

editoriAL AdVisory BoArd
Julia t. Philips, chair
dwight K. Bartlett iii
robert L. Brown
frederick W. Kilbourne
Barbara J. Lautzenheiser
Bruce d. schobel
susan e. Witcraft

internet Address
www.contingencies.org

Contingencies (issn 1048-9851) is published bimonthly by the American Academy of Actuaries, 1850 m street, n W, suite 300, Washington, dc 20036-5805. for subscription information and customer service, contact the Contingencies subscription department at the address above or (202) 223-8196. Advertising offices: mohanna sales representatives, (972) 596-8777, info@mohanna.com. Periodicals postage paid at Washington, dc, and at additional mailing offices. BPA circulation audited. (Basic annual subscription rate is included in dues. nonmember rate is $24.)

copyright 2010. All rights reserved. this magazine may not be reproduced in whole or in part without written permission of the publisher. opinions expressed in signed articles are those of the authors and do not necessarily reflect official policy of the American Academy of Actuaries.