Fred Kilbourne graduated from UCLA in 1960. After several years with Pacific Mutual Life, he began his consulting actuarial practice, which continues to this day. He started the casualty actuarial practice of Milliman & Robertson; the actuarial practice of Booz, Allen & Hamilton; and the insurance actuarial practice of William M. Mercer. He incorporated his independent actuarial practice as Future Cost Analysts in 1982, and as The Kilbourne Company in 1990. Unique among actuaries, he has credentials and has practiced in virtually all actuarial areas, from auto to life insurance, and from prepaid vision care to defined benefit pension plans. He has been retained as an actuarial expert more than 100 times, including a dozen times by the Internal Revenue Service.
Fred is a Founding Member of the American Academy of Actuaries and of the National Academy of Social Insurance. He is a Past-President of the Casualty Actuarial Society and of the Conference of Consulting Actuaries. He is a Fellow of the Society of Actuaries and of the Canadian Institute of Actuaries. He is a Member of the American Society of Pension Professionals and Actuaries and was for many years (until this one, when he failed to keep up his continuing education requirements) an Enrolled Actuary. He was chairman of the SOA Task Force on the External Image of the Actuary and of the AAA Committee on Government Relations and Accreditation. He became a member of the Actuarial Standards Board 20 years ago, and chairman of the Task Force on the Critical Review of the US Actuarial Profession five years ago. He was the 2007 recipient of the Jarvis Farley Award for service to the profession.
Fred has been active in social insurance for many years. He has provided unemployment compensation actuarial services to the State of California and the federal Department of Labor. He has provided workers compensation actuarial services to many clients including the State Funds of California and Ohio, the Public Members of the California Workers Compensation Insurance Rating Board, the University of California, and the National Football League.