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After Hurricane Andrew, when the term "finite reinsurance" was born, EASB and other post-Andrew accounting changes established a benchmark to define risk transfer as a 10% chance of having a 10% loss, Christiansen said. FAF's board oversees the activities of GASB and EASB. During the last ten years he held a series of leadership positions with EASB Welding and Cutting Products, a North American industrial products company, where he had responsibility for more than $400 million in annual sales, nearly 2,000 employees, and five manufacturing facilities and five distribution centers. |
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