The American Risk and Insurance Association (ARIA) has awarded David L. Dicks and James R. Garven the ARIA Prize for their paper “Asymmetric Information and Insurance Cycles,” which is published in the Journal of Risk and Insurance. ARIA established the prize in 1997, and each year gives it to an ARIA journal paper that provides the most valuable contribution to casualty actuarial science. The dual objectives of this award are to promote research on topics of concern to casualty actuaries and to make members of the CAS more aware of current research findings. The CAS sponsors the $1,000 award.
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