Ill. CPA Society Reinsurance Conf. Highlights Marketplace Developments

The Illinois CPA Society’s 2003 Reinsurance Conference, a half-day event being held on April 23 at the Illinois Department of Insurance in Chicago, will address best practices and current issues arising in the reinsurance market.

Participants can gain the latest information on terrorism insurance as Richard Clemens, JD, a partner at Sidley Austin Wood & Brown, provides an in-depth discussion of the principal features, interpretations, and impact of the Terrorism Risk Insurance Act of 2002. Those attending can advance their knowledge of auditing reinsurance as Donald Wustrow, executive vice president & COO of Chiltington International, Inc., explains why it is crucial to monitor reinsurance transactions. Discuss the different types of reinsurance audits, and learn how timely auditing can detect problems before they lead to disputes.

Participants can also listen to an innovative mock arbitration panel and discover how reinsurance disputes are settled through arbitration. Expert panelists include: Susan Stone, JD, partner, Sidley Austin Wood & Brown; H. Wesley Sunu, JD, director, Tribler, Orpett & Crone; R. Michael Cass, president and principal consultant, R.M. Cass Associates; and Gerald Murray, JD, reinsurance consultant. Those attending can see what happens when a ceding company and its reinsurer cannot resolve problems and choose to arbitrate. Learn how an arbitration panel is chosen, and gain insight into how issues faced by reinsurance partners can play out.

Cost for this program is $150 for Illinois CPA Society members and $190 for non-members. Attendees will earn 4 CPE credits.

For more information or to register, visit the Web site at www.icpas.org or call (312) 993-0393 or (800) 993-0393 (within Illinois).