Institution: | Therese M. Vaughan is the Robb B. Kelley Distinguished Professor of Actuarial Science and Insurance, Aliber Hall, Drake University, Des Moines, IA 50311-4505, and 2008 President of the American Risk and Insurance Association;phone: 515-271-2830;e-mail: . This was delivered as the Presidential Address at the August 2008 annual meeting of the American Risk and Insurance Association in Portland, Oregon. |