Hayden

 

HAYDEN BURRUS
CURRICULUM VITAE

 

 

 

 

PRESIDENT, HB ACTUARIAL SERVICES,
DELRAY BEACH, FLORIDA,
2000 TO PRESENT.

  • Founder and Principal Actuary of actuarial consulting practice.
  • Consulting project leader for all clients. Some more recent assignments include:
    • Actuarial valuations, pricing, reserve calculations and cash flow projections for self insured entities.
    • Expert support work for a reinsurance dispute with a PEO and its insurer.
    • Actuarial valuations of commissions due from an insurance company.
    • Expert preparation for appeal of NCCI rulings on experience rating modification factor process.

CONSULTING ACTUARY, INSURANCE SERVICES OFFICE (ISO) (Workers’ Compensation Division)
BOCA RATON, FLORIDA, 1999 - 2000.

  • Provided day to day management of consulting services for several of ISO’s consulting clients. Some more recent assignments include:
    • Assessment of expected losses (in aggregate and by reinsurance layer) for a series of reinsurance contracts involved in a litigation dispute.
    • Determination of outstanding workers compensation liabilities and required assessment rate for a state workers compensation fund.
    • Stochastic simulations of ultimate claim costs for a large Professional Employee Organization (PEO).
    • Determination of state specific retrospective premium for insurance companies involved in a litigation dispute.
    • Actuarial Opinion work for a Florida domestic insurer.
         

CONSULTING ACTUARY, INSURANCE DATA RESOURCES  (IDR) (Startup Competitor to NCCI)
BOCA RATON, FLORIDA, 1997 – 1999.

  • Provided actuarial support of  rating organization functions.
  • Trained actuarial and non-actuarial staff regarding traditional workers' compensation ratemaking procedures used in NCCI rate filings including the use of Experience Rating (E-mods) Retrospective Rating, and Classification Codes.
  • Prepared and gained approval for IDR’s premium rate/loss cost filings.
  • Provided actuarial support of IDR’s statistical agent functions including support related to the development of software that calculates the E-mods based on all filed rating factors in the state.
  • Provided expert business analysis to Florida Department of Insurance meetings regarding implementation of rules, regulations, and guidelines related to the existence of multiple workers’ compensation rating organizations and statistical agents in the state of Florida.
  • Created IDR’s Workers Compensation Retrospective Rating Manual.

ACTUARIAL ASSOCIATE, NATIONAL COUNCIL ON COMPENSATION INSURANCE (NCCI)
BOCA RATON, FLORIDA, 1993 – 1997.

  • Primary business consultant for the Aggregate RateMaking Software System (ARMS) developed for the actuarial department. This system was the first fully automated workers’ compensation premium and rate level calculation tool prepared by NCCI. ARMS is a proprietary NCCI computer software product that calculates the fair workers’ compensation rate level in each state based on the totality of all loss and premium experience occurring in that state. ARMS was used as the basis for numerous workers’ compensation rate and loss cost filings prepared and filed by NCCI throughout the nation. The foundation of ARMS continues to be used by NCCI to this day.
  • Preparations of workers’ compensation rate / loss cost filings
  • Correspondence with various State Insurance Departments regarding workers’ compensation rate / loss cost filings

SENIOR ACTUARIAL ANALYST, CIGNA PROPERTY & CASUALTY COMPANY;
PHILADELPHIA, PENNSYLVANIA 1990-1992.

Provided significant actuarial analysis and support work for the Claims Analysis Research Unit under the direction of distinguished research actuaries.

EDUCATIONAL BACKGROUND
University of Rochester, Rochester, New York
Bachelor of Arts degree – Applied Mathematics 1990;
ARIAS-US Intensive Arbitrator Training Workshop.

PROFESSIONAL CERTIFICATIONS AND DISTINCTIONS

  • President, Casualty Actuaries of the Southeast 2006-2007;
  • Fellow, Casualty Actuarial Society, 2001;
  • Authorized to certify loss reserves for captive insurers by the Vermont and South Carolina Departments of Insurance.
  • Member, American Academy of Actuaries, 1998;
    • Entrepreneurial Actuaries;
    • Reinsurance;
    • Risk Management;
    • Smaller Insurance Company;
    • Technology.
  • Member, ARIAS (AIDA Reinsurance and Insurance Arbitration Society);
  • Member, Captive Insurance Council of the District of Columbia;
  • Member, Self-Insurance Institute of America.

PRESENTATIONS

  • Numerous presentations to state insurance regulators as Chief Actuary of AmCOMP.
  • Numerous presentations to Agents Advisory Boards as Chief Actuary of AmCOMP.
  • Numerous presentations to the reinsurance community as Chief Actuary of AmCOMP.
  • Numerous presentations to AmCOMP insurance group Board of Directors.
  • Numerous presentations to public and privately held companies, municipalities, insurance companies, and non-profit organizations as an actuarial consultant.
  • Numerous presentations to attorneys on a variety of insurance cases as an actuarial consultant.
  • Numerous presentations to the actuarial community through his work as President of Casualty Actuaries of the Southeast, and his presentation at the Casualty Actuarial Society’s Annual Meeting in 2005.

 

 

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