News for Wednesday, March 4, 2015
In the March/April issue of Contingencies, read the feature article, "Smoke and Mirrors: Marijuana Use and Underwriting"—the author looks at how life insurance underwriting policies treat marijuana use, and asks whether that treatment is backed up by sound science. Also in this issue, features on autonomous vehicle technologies and auto insurers, possible reforms for health care payment systems, and how Big Data and “nudges” can help improve our lives. Also check out our annual Actuarial JobSeeker supplement, read a case study from the Actuarial Board for Counseling and Discipline, challenge yourself with our puzzles, and more. (March 03, 2015)
Nominations are now open for the Jarvis Farley Service Award, the Robert J. Myers Public Service Award, and the Outstanding Volunteerism Award. Learn more and submit your nomination(s) for a deserving colleague and/or respected mentor for the award that best suits his or her service to the actuarial profession and the Academy. (March 02, 2015)
Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (February 27, 2015)
In this month’s Actuarial Update, read about February activities and upcoming events of interest, including the Health Practice Council’s newsworthy letter to the Department of Health and Human Services about likely consequences if ACA subsidies are eliminated, and a new Academy webinar series on global drivers of health care costs. (February 27, 2015)
On Feb. 24, 2015, Judge Peter Flynn of the Circuit Court of Cook County, Illinois, dismissed without prejudice all claims against the Academy, including any claims for injunctive or declaratory relief, that were filed in December by the former president of the Society of Actuaries. We are pleased with this outcome. The court has strongly affirmed that the U.S. actuarial profession may require members to have disciplinary complaints heard by the ABCD and not by the courts. The Academy leadership views this ruling as a vindication of the profession’s self-discipline process.

The court did not rule on the motion to dismiss the remaining claims in the case because it lacked jurisdiction to address them. The remaining claims were transferred to a different division of the Cook County Circuit Court, and the motions to dismiss those claims will be heard in due course.

The Academy will post the transcript of today's hearing on the Litigation Update page of our website as soon as it is available. (February 24, 2015)