NU Online News Service, May 18, 3:50 p.m. EDT--Insurance actuaries attending this week's Casualty Actuarial Society's spring meeting in Phoenix heard from an industry executive who exhorted them to assume a leadership role in fighting debilitating pricing cycles.

Addressing conference participants, GE Insurance Solutions Chief Executive Ron Pressman called on a group of 600 actuaries to offer a much-needed guidance for their industry.

"Actuarial science perhaps never had a better moment to shine and lead in this industry," Mr. Pressman said. "Without you, we go nowhere in this industry."

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