Obtaining good estimates for the distribution function of random variables like S=∑i=1 ∞ Z1⋯ ZiYi ('perpetuity') and SN(t)=∑i=1 N(t)Yi ('aggregate claim amount'), where the (Yi), (Zi) are independent ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a ...

When an employer moves from a fully insured health care plan to a self-funded plan, it becomes responsible for 100 percent of the claims risk. That transition can be frightening, especially as medical ...