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the bounds of the selected group’s range but concluded that
petitioner's ratio fell within the middle 50 percent of the peer
group’s range.
B. James P. Streff
Respondent’s expert, James P. Streff (Streff), is an
independent consulting actuary. He is president of Streff
Insurance Services, an actuarial consulting firm in Red Wing,
Minnesota. He has a bachelor's degree in mathematics from the
College of St. Thomas and a master’s degree in statistics from
the University of Minnesota. He is a fellow in the Casualty
Actuarial Society and a member of the American Academy of
Actuaries. He has worked as an actuary in the insurance
industry since 1970. He is the appointed actuary for a number
of companies and is under contract to provide actuarial
assistance to the State of Michigan's Department of Insurance.
In preparing his expert report, Streff relied on four
primary sources: Petitioner's annual statements dating back to
1982; certain internal data requested from petitioner; industry
statistics obtained from Best publications; and the reports
prepared by petitioner's appointed actuaries for years 1993
through 1995.
Streff performed an actuarial analysis. He acknowledged
that petitioner’s low claim volume reduced its statistical
credibility. Streff reviewed other aspects of petitioner’s
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