Editor's Note

Take Time to Vote

Enjoy prize-winning essays on artificial intelligence. Take a deep dive into Florida tort reform. Explore casualty insurance-linked securities. Learn more about 2024 Spring Meeting sessions you might have missed. Meet the CAS Board Candidates. This edition of Actuarial Review runs the gamut!

In our cover story, John Divine explores why Florida presents significant challenges for insurers, and it’s not solely due to natural disasters. The state’s high litigation rates prompted a comprehensive reform of its tort law beginning in 2022, aimed at reducing legal expenses for insurers and making Florida a more appealing business environment. Preliminary outcomes indicate a return of insurers to the state; however, consumer advocates warn that this progress comes with drawbacks.

Our 2024 Spring Meeting coverage spans cyber resilience, an update on the dynamic property insurance and reinsurance markets after Hurricane Ian in 2022 and record-setting severe convective storms in 2023, and a preview of two of the five 2024 Race and Insurance Pricing research series papers to be published this summer.

We give you a sneak peek at the vision and backgrounds of our 2024 CAS Board Candidates, but I encourage you to learn even more by visiting casact.org/about/leadership-and-staff/elections/meet-candidates-2024. You will find biographical information and videos that give them a chance to outline their goals. Voting is crucial, as it directly influences the leadership and direction of the organization. The elected board members will make decisions that impact the association’s policies, priorities and resource allocation. By participating in the vote, you ensure that your voice and interests are represented, contributing to a more democratic and inclusive governance structure.

On the human-interest side of this edition, you will also get the chance to meet one of our newest CAS staff members, Josie Harler, professional education manager, and Brandon Smith, FCAS, who helps bring the magic of Monographs to life.

Enjoy this edition and let us know what topics you want us to cover next at AR@casact.org!