William D. Hager

Insurance and Reinsurance
Expert and Arbitrator

561-995-7429

 
Actuarial Malpractice

Bill Hager is the author of "The Emerging Law of Actuarial Malpractice," a leading authority on actuarial malpractice

Issue: Most lawyers overlook liability embedded in the negligent provision of actuarial services, or overlook defenses to such allegations. Actuaries, like accountants and other professionals, have a professional obligation to their clients which in many cases is evidenced by professional liability coverage. Almost every insurance company insolvency raises at least the issue of actuarial malpractice. That cause of action and its potential recovery is among the many assets to be targeted for collection by the liquidator.

In addition, many financial transactions today contain professional actuarial work product. To the extent that that work has been negligently provided, a cause of action against the consulting actuary can arise.

Particular Expert Skills.

  • Intimate knowledge of the organization and structure of the actuarial profession, gained through 25 years of experience and direct supervision of a staff of 150 actuaries
  • Ability to optimize an actuarial malpractice case (for or against) through cross-examination assistance and expert testimony as to actuarial standards for work product and ethics
  • Former General Counsel to the American Academy of Actuaries
  • Intricate knowledge of the interaction of actuarial science and insurance

Contact Bill Hager at 561-995-7429 or via email to discuss your case.