Memorable Moments at the 2016 SCCIA Executive Educational Conference
Legaré Gresham

Memorable Moments at the 2016 SCCIA Executive Educational Conference

The 17th Annual Executive Educational Conference of the South Carolina Captive Insurance Association (SCCIA) was held September 13-15 at the historic Mills House and Hibernian Hall in downtown Charleston. There were over 200 attendees, including leading captive service providers,  owners and regulators from several states. Tropical Storm Julia dropped several inches of rain on Charleston on Wednesday, flooding several streets, but the conference was unaffected. 

As always, the educational sessions were informative and covered a wide range of topics, updating everyone on legislation, taxation and the latest trends in captives. During Wednesday morning’s opening sessions, the South Carolina Department of Insurance recognized Velocity Insurance Company, a Risk Retention Group (RRG) owned by various subsidiaries of Roadrunner Transportation Systems, for receiving the 300th license in May 2016. Since then, South Carolina’s captive market has continued to grow and as of the conference had issued 304 licenses, with more expected by year’s end. It was also announced that the Friendly Society Restored (FSR) has become part of the SCCIA. The FSR will serve as the SCCIA’s educational arm and continue to hold monthly networking breakfasts and other events in Charleston.

There were two special presentations this year. The keynote was given by Richard “Pitch” Picciotto.  Picciotto, a Fire Department of New York (FDNY) Battalion Chief, was a veteran of the 1993 World Trade Center bombing who again rushed there in 2001 to rescue those trapped inside during the September 11th terrorist attacks. The closing speaker was Dave Sanderson, the last passenger to be rescued from US Airways Flight 1549 after it landed in the Hudson River on January 15, 2009. Both men gave riveting first-hand accounts of their harrowing experiences.   

Presentations from the 2016 SCCIA Conference can be found here.  

Upcoming SCCIA events include a road show to be held at the River Club in Jacksonville, FL on October 18 and the FSR breakfast in Charleston, SC on October 7.

Legaré Gresham, FCAS, MAAA, is a Consulting Actuary with Pinnacle Actuarial Resources, Inc. and has over ten years of experience in the property/casualty industry. She has worked extensively with traditional insurers, captive insurers and self-insureds, including public entities. Her expertise includes loss reserving, pricing and product management, Proforma financial modeling and regulatory support. Legaré is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries.

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