About

​​Business Experience

Integrity Insurance Company in Liquidation
1995 – present
Deputy Liquidator

MIIX Insurance Company
2004 – 2008
Deputy Rehabilitator

The Resolution Insurance Group, Inc.
1993 – 1995
Senior Vice President

1993 – Responsible for establishing the financial, systems and human resource functions for this insurance runoff organization that assumed all Crum & Forster (now Talegen Holdings, Inc.) discontinued operations as a result of the Restructuring Plan approved by Insurance Departments of the fifty states.

1994 – Assumed responsibility for the reinsurance collections operations, $2.3 billion of the $3.5 billion balance sheet. Responsibilities included billing, collecting, and when appropriate, negotiating commutation of reinsurance balances either with domestic reinsurers or with Lloyd’s and its following markets.

Wailoo & White
1990 – 1993
Partner

Certified public accountants in the practice of forensic accounting. Practice emphasis was in the areas of litigation support, fraud auditing, and business valuations.

Mandel Enterprises
1987 – 1990
President

General management responsibilities for this closely-held firm specializing in corporate security. In addition to the traditional administrative duties, responsibilities extended to field investigative operations and direct oversight of government contracting with special emphasis on bid pricing and post-award liaison.

Skandia America Corporation
(f/k/a Odyssey Re; now Clearwater Insurance Co.)
1985 – 1987
Senior Vice President and Chief Financial Officer

Responsibilities in this reinsurance holding company included (1) accounting and finance, treasury operations, and taxation; (2) information services encompassing EDP systems, programming, and operations; and (3) internal audit activities.

Integral to these responsibilities during this period was (1) participation in the re-underwriting of our book of business to a less leveraged position and withdrawal via runoff and cutoff arrangements from the medical malpractice business and (2) reorganization of our Bermuda operations to effectively control risk assumption but simultaneously position the Bermuda organization to participate in the future growth of that market.

Crum and Forster, Inc.
1975 – 1985
Senior Vice President Financial Control

​​Responsibilities in this insurance holding company included all Treasurer and Controller activities.

The Controller activities consisted of (1) Corporate Accounting, (2) Taxation, and (3) Financial Systems. The Treasurer activities included (1) Cash Management and Forecasting, (2) Budgeting and Long Range Planning, and (3) Payroll, Purchasing, and Accounts Payable functions.

In addition to these staff functions, I was assigned the task of extricating C&F from its Bermuda risk bearer function which resulted from the acquisition initially of J.H. Blades & Company, Inc. and subsequently of the Block and Radius captives which were so heavily involved in the Lloyd’s of London LMX business written by London United and the C.R. Driver pools.

Arthur Young & Company
1969 – 1975
Audit Manager

Significant assignments included accounting and auditing services for publicly traded firms in both manufacturing and service industries. Specialized accounting services were also rendered to various governmental agencies in the rate making process including testifying before the Federal Trade Commission.
Educational Experience

Adjunct faculty for both graduate and undergraduate programs:

    PACE University 1987 – 1993
    Seton Hall University 1983 – 1984
    Fairleigh Dickinson University 1975 – 1981
    Rutgers University 1973 – 1975

​Education and Training

U.S. Marine Corps
1962 – 1967 Served as infantry officer attaining the rank of Captain in 1966

Northwestern University Kellogg School of Management
Completed the Professional Accounting Program 1969 – 1970

Columbia University Graduate School of Business
Master of Business Administration 1969

Seton Hall University
Bachelor of Science (English) 1962

Certified Public Accountant
New Jersey 1971

Certified Arbitrator, ARIAS-US
(Aida Reinsurance & Insurance Arbitration Society), 1997

Certified Insurance Receiver P&C, IAIR-US
(International Association of Insurance Receivers), 1999
Author

Investment Income: Property-Liability Insurance Textbook, The College of Insurance, 1984

Receivership: A Generational Commitment or Expeditious Solution, Mealey’s Litigation
Reports: Insurance Insolvency April 3, 1996

Aggiornamento: A Tonic For Insolvencies Mealey’s Litigation Reports: Insurance Insolvency, October 10, 1996

Truncation and Reinsurer Objections, Mealey’s Litigation Reports: Insurance Insolvency, May 7, 1997

​
What Am I Bid?, Best’s Review, October 1997

Insolvency Clause: The Emperor’s Old Clothes, Mealey’s Environmental Reinsurance Conference, November 17-18, 1997

Alternatives To Estimation of Claims and Acceleration of Reinsurance Recoverables, Mealey’s Litigation Reports: Reinsurance, May 6, 1999

Early Closing of Insolvent Insurers: Outsourcing to Guaranty Associations, Mealey’s Insurance Insolvency Conference, August 2-3, 1999

Me Judice, Mealey’s Reinsurance, March 15, 2005 (under pseudonym Pollux

​

Debra L. White

58 Pine Boulevard
Cedar Knolls, NJ 07927
Mobile (201) 280-8943
luvmorgan@optonline.net

(Property & Casualty Insurance)

Worked in various positions within the Crum and Forster Organization. Rose from Cash Clerk to Assistant Vice President of Field Reporting. As Assistant Vice President was responsible for the general ledger recording of premiums and losses, which included responsibility for the account reconciliations related to these accounts. In addition, was responsible for reconciling the financial output of any new/releases of underwriting and claims systems. In addition, assisted the financial department with S-1 and S-4 filings. Subsequently transferred to the Internal Audit Department as a Manager. Responsibilities included Internal Audits and Information Technology (IT) and business process testing.

Areas of Expertise:

Internal Audit
• Remediation of Deficiencies Identified by Audits • Financial & Compliance Audits • SOX

 Accounting & Reporting
Premium and Loss Accounting • Account Reconciliations ŸSEC Reporting • SOX
PROFESSIONAL EXPERIENCE

Crum and Forster Insurance Company • 1978-2013

Internal Audit Department – (2009-2013)
Reports directly to the Internal Audit Vice President. Performed internal audits and SOX Information Technology and business process testing. Responsible for ensuring all deficiencies were successfully remediated. Performed testing as required by the outside auditors, PricewaterhouseCoopers (PwC).

Manager, Financial Department (2005-2009)
Worked on special projects as directed by the Senior Vice President/Controller of Financial. These included a review of all account reconciliations, financial reconciliation of all claims balances (cost of sales) in the financial records to the claim systems, testing of the financial output of the new claims system (Claims Assure) and any subsequent releases. Assisted in reconciling account reconciliations that included unidentified reconciling items.

Assistant Vice President/Manager Field Reporting (1990-2005)
Responsibilities included the accurate recording and reporting of premiums (sales) and losses (cost of sales) in the Company’s financial results, this included both GAAP and SAP (statutory accounting principles). Ensured that all account reconciliations were properly prepared in accordance with Company standards.

EDUCATION & CREDENTIALS

BS Accounting – 1977, Fairleigh Dickinson University
Computer Technology: Microsoft Office Applications