Raji R. Bhagavatula  curriculum
USA

Author
 
Date: Tuesday, March 19

Session: 33, 44

General Reinsurance


Presentation

   Latent Exposures
 

 

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Summary

Latent Exposures
Organized by the Casualty Actuarial Society

Chairman: Susan Patschak (USA)

Panelists: 
·Raja R. Bhagavatula (USA) 
·Jennifer L. Biggs (USA)
·Bruce D. Fell (USA)

A significant portion of the session will be devoted to asbestos litigation, which has been described by the U.S. Supreme Court as an "elephantine mass." The panelists will discuss the recent increases in personal injury claim filings and awards, defendant bankruptcies, and the spread of the litigation to peripheral defendants. 

The panelists will provide an update on pollution liabilities (whose estimated ultimate costs have now been surpassed by asbestos liabilities) and provide information regarding newly emerging torts such as lead, tobacco, and mold.

Finally, the panelists will offer insights regarding the potential effects of liabilities from latent exposures on the balance sheet and value of insurers and reinsurers.
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 Raji R. Bhagavatula

Curriculum
Raji Bhagavatula is a Principal in the NY office of Milliman USA. She is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. Raji has served on several CAS and AAA committees and has authored several articles and papers. She is a frequent speaker at insurance industry and actuarial society meetings.

Her main areas of expertise include analysis of asbestos and environmental liabilities for insurance companies and insureds, assistance in M&A transactions and design and evaluation of large reinsurance covers. She is best known for her work in the estimation of asbestos and pollution liabilities.
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Author