Casualty Comments and Letters

Flood Insurance Subcommittee comment letter to the leadership of the House Financial Services Committee on H.R. 1309, a bill to reform the National Flood Insurance Program. (May 4, 2011)
Casualty Practice Council comments to the Wilmington Regional Association of Realtors request for input on providing a summary of the qualifications it should seek in filling an advisory board position. The association is working with the North Carolina legislature to draft a bill concerning North Carolina property insurance. The bill would, among other things, create an advisory board on which an actuary would sit. (March 9, 2011)
P/C RBC Committee letter to the NAIC's P/C RBC Working Group regarding the Academy's joint report in response to the NAIC's request for assistance with its Solvency Modernization project on its RBC formulas. (February 22, 2011)
Committee on Property & Liability Financial Reporting's report on its recent activities to the NAIC's Casualty Actuarial & Statistical Task Force. (February 1, 2011)
Life, Health, and Property/Casualty RBC committees joint report in response to the NAIC's request for assistance with the Solvency Modernization (SMI) project on the NAIC's Risk-Based Capital (RBC) formulas. The report discusses the intended/expected safety levels for RBC and identifies risks that are missing from the RBC formulas. (January 31, 2011)
P/C Risk-Based Capital Committee response to the NAIC's request on risk-based capital issues. (October 1, 2010)
Casualty Practice Council request for research assistance from the Casualty Actuarial Society in conjunction with its efforts to aid the National Association of Insurance Commissioners with its RBC SMI project. (September 30, 2010)
Terrorism Risk Insurance Subgroup comments to the President's Working Group on Financial Markets in response to its Federal Register request for an analysis of terrorism risk insurance. (August 2, 2010)
Property and Casualty Risk-Based Capital Committee update to the National Association of Insurance Commissioners (NAIC)'s Property & Casualty Risk-Based Capital Working Group regarding the RBC Committee's prior March 2010 update of the property/casualty RBC underwriting factors. (June 22, 2010)
Property and Casualty Risk-Based Capital follow-up comments to the National Association of Insurance Commissioners (NAIC)'s Property Risk-Based Capital Working Group regarding the Committee's March 2010 update of the property/casualty RBC underwriting factors. (May 18, 2010)
Workers' Compensation Subcommittee comments on the California Commission on Health and Safety and Workers' Compensation investigation of relationships between workers' compensation and group health care. (February 12, 2010)
Medical Professional Liability Subcommittee letter to Congress discussing concerns with the inclusion of a provision that would repeal the McCarran-Ferguson Act, an antitrust exemption for health and medical professional liability insurance, within the House's Affordable Health Care for America Act. Additionally, the Academy provided comments to the House on the legislation focusing on the risks insured under a variety of types of property/casualty insurance policies. (January 21, 2010)
Medical Professional Liability Insurance Subcommittee tort-reform fact sheet, which is the second in a series of fact sheets published by the subcommittee designed for actuaries as well as the general public. (October 1, 2009)
Casualty Practice Council comments to testimony provided at an NAIC public hearing on the use of credit-based insurance scores. (May 15, 2009)
Casualty Practice Council testimony at an NAIC meeting on the use of credit-based insurance scores. (April 30, 2009)
Extreme Events Committee’s Natural Catastrophe Subcommittee comments on a proposed NCOIL resolution about a state-federal system for catastrophe funding. (May 1, 2008)
First in a series of fact sheets produced by the Medical Malpractice Insurance Subcommittee that discusses different types of medical professional liability insurance policies. (March 1, 2008)
Terrorism Risk Insurance Subgroup comments to Senate Banking Committee about extending the federal terrorism insurance program. (October 1, 2007)
Terrorism Risk Insurance Subgroup comment letter to Congress on proposed legislation extending the federal terrorism insurance program. (September 19, 2007)
Workers' Compensation Subcommittee comments on a New York state workers' compensation bill that would, among other provisions, prohibit data sharing. (August 22, 2007)