As seen at the MD-OAG
website:
The Office of the Attorney General is seeking applicants for
a Casualty Actuarial Analyst/Investigator in the People’s Insurance Counsel
Division to work primarily in the review of rate filings and other
regulatory filings for homeowners and medical professional liability
insurance. Position will review insurance company rate and other filings,
interact with complainants and Maryland Insurance Administration
personnel.
This of course opens the door to the question — why the heck is the
Maryland AG wanting to hire an actuarial student? The possibilities are
disturbing.
1 response so far ↓
1 Anon // 23 Aug 2006 at 11:28 am
The answer IS disturbing.
Alan Clark, a former 10-year insurance administration actuary, testified yesterday that he was fired after concluding that some state-set insurance were “excessive.” After Ehrlich took office, he said he began hearing from supervisors that “the governor isn’t happy with your work.”
As a reprimand for one disagreement over a company’s rate request, he was instructed to stuff envelopes. He said he subsequently received a letter from Redmer thanking him for the chore.
“Basically I got the message: Be a good soldier,” Clark said.
Clark was fired June 23, 2004, a week before he was to have received a pay raise. He, too, was escorted out of the building.