Chief Actuary - P&C - 30 Yr expert

Specialties & Experience of this Expert Witness

Additional Information

Hayden Burrus, FCAS, MAAA is an accomplished casualty actuary with decades of leadership experience in the insurance industry. Former President of Casualty Actuaries of the Southeast, Chief Actuary of publicly traded workers' compensation insurance company, actuarial experience at multiple insurance rating organizations (National Council on Compensation Insurance (NCCI) and Insurance Services Office (ISO)), Mr. Burrus is experienced with all sides of the insurance industry. HB Actuarial Services was incorporated in 2000 and we have taken on a wide variety of assignments, some of which are described below. Actuarial malpractice, Analysis of rate filings and form filings, Insurance company solvency, Regulatory support for insurance companies, Self-insurers, Rate filing submissions, Workers' compensation, Automobile liability, Prepaid legal services, and Homeowners' insurance. o Financial analysis of an insolvent insurer o Deposition regarding the rates and stacking practices of Uninsured Motorist / Auto Liability coverage for a large multistate auto insurer. o Actuarial valuations of commissions due from an insurance company. o Retained Chief Actuary services for a growing publicly traded workers’ compensation insurer; charged with building actuarial expertise from the ground up. o Expert preparation for appeal of NCCI rulings on experience rating modification factor process. o Opinion Letter to Ohio Department of Insurance on a Regulatory Settlement Agreement. o Actuarial Expert for Insurer in Receivership. o Negotiations and sworn statements with Florida Office of Insurance Regulation over excess profits statutes. o Expert opinion and deposition related to the filed policy forms with a state insurance department. o Workers compensation premium calculations for a premium dispute between insurer and insured. • Preparations of actuarial portion of SEC Filings prior to AmCOMP’s IPO • Management of rate calculations and filings nationwide; responsibility for securing regulatory approval for AmCOMP rate filings. • Management of pricing, calculations, analysis, and state rate filings for all retrospectively rated policies and deductible programs. • Development and implementation of a pricing tool used by all field underwriters nationally. • Detailed analysis of the company’s reinsurance program and attachment point, and annual recommendations of the fair cost and appropriate attachment point for the company’s excess reinsurance program. • Annual reserve estimate for reinsurance claims in for each reinsurance policy in the corporate reinsurance program. • Risk transfer analyses for historic reinsurance policies; building of a deposit accounting model for the Finance Department. • Over 100 workers' compensation rate filings in approximately 20 jurisdictions. All rate filings prepared by my department were approved by the appropriate state insurance regulators.