April 11, 2006
"The Dirty Work"
David Schiff, editor
of Schiff's Insurance Observer, will tell you what
he's riled up about these days. Throughout the conference he will,
as always, interrogate the speakers and force them to answer
Jason Adkins began his
career working for Ralph Nader, and has spent much of his time
battling the insurance industry. He founded the Center for Insurance
Research in 1991 and has been a partner at the law firm Adkins
& Kelston, P.C. since 1998. Jason, who's an
indefatigable voice for fairness, reform, and the public interest,
will discuss some highlights and low points in insurance litigation,
including an overview of the Allied Mutual litigation which resulted
in a historic settlement.
Andrew Marks has been
an insurance broker for forty-three years and was David Schiff's
mentor in the insurance business. Andy, who's one of the most
knowledgeable insurance brokers around, is CEO of MLW Services, a division of Bollinger, Inc. He will take
us inside the insurance business and tell all.
When John Burns stepped
down as CEO of Alleghany Corp. in 2004,
he left a great record of achievement-long-term shareholder returns
in the neighborhood of twenty percent. John has spent his career
ignoring fads and the new new thing, focusing instead on creating
long-term value for his shareholders. Over the decades, Alleghany has
owned (and sometimes sold) a variety of businesses and investments
including asset management, steel, minerals, railroads, and, of
course, insurance. John will share with us the lessons he's learned
from thirty-six years of owning insurance companies.
Lunch: Decent food; fine conversation.
director of insurance for the Consumer Federation of America,
has had a long career in insurance. He began as an underwriter at
Atlantic Mutual, worked at two rating bureaus, consulted with
government agencies, served as Federal Insurance Administrator,
founded the National Insurance Consumer Organization, and was the
Texas Commissioner of Insurance. Bob, who's an actuary, will
give you his unvarnished view.
Since 1981, Richard
Stewart has been chairman of Stewart Economics, a
consulting firm specializing in insurance and insurance regulation.
Dick was a Rhodes Scholar and attorney before becoming First
Assistant Counsel to New York Governor Nelson Rockefeller. He served
as New York's Superintendent of Insurance from
1967-1970, and was subsequently SVP and general counsel of First
National City Bank, then SVP and CFO of Chubb. Over the years, Dick
has published influential tracts on insurance regulation, insurer
insolvency, underwriting cycles, and insurance insolvency guarantees.
He'll tell us what he's thinking about these days.
A living legend returns for a
rare New York performance! Joseph Belth, editor of The
Insurance Forum, will be making his third appearance at
Schiff's Insurance Conference. Joe, whose articles, speeches, and
testimony have shaken up the life-insurance industry, is the author
of numerous books and journal articles and is professor emeritus of
insurance at the Kelley School of Business at Indiana University. He
will let us know what's bothering him.
David Schiff will have
his say on the great insurance issues of the day, and discuss where
he sees value and solvency (or the lack thereof).
Attendees will socialize with
their fellow insurance mavens and observers, discussing the day's
events and making deals over cocktails while taking in the
view from the top of the New York Athletic Club.
There will be an additional
reception and dinner for those who want more of a good thing. The
venue is the Coffee House, a convivial, somewhat worn-at-the-edges
private club devoted to "agreeable, civilized conversation."
Attendance is limited to 36 people.