Casualty News

The P/C Risk-Based Capital Committee has issued a letter to the Solvency Modernization Initiative RBC Subgroup concerning CAS Working Party research on potential improvements to the NAIC's P/C RBC framework. (July 10, 2012)
The Flood Insurance Subcommittee has issued a comment letter to Congressional leaders concerning H.R. 4348, a bill to reform the National Flood Insurance Program and reauthorize it for five years.
(June 28, 2012)
The cross-practice-Actuarial Soundness Task Force has issued Actuarial Soundness, a Special Report. It provides an overview of the uses of the terms “actuarial soundness” and “actuarially sound” in state and federal legislative and regulatory contexts to inform regulators and the general public of the meanings and implications of these terms.  (May 10, 2012)
COPLFR submitted comments to the NAIC on the Blanks Working Group’s proposed 2012 Actuarial Opinion Instructions. (May 1, 2012)
The Academy submitted comments to the NAIC on its draft white paper on the Solvency Modernization Initiative and insurance regulation offering suggestions encompassing RBC, ORSA, and NAIC model laws. (April 30, 2012)
The Natural Catastrophe Subcommittee provided comments to the National Conference of Insurance Legislators on natural catastrophe insurance reform options, focusing on damage prevention and risk financing. (April 13, 2012)
The Academy's Medical Professional Liability Insurance Committee published a fact sheet on the Death, Disability, and Retirement (DDR) Extended Reporting Endorsement. This is the third in a series of fact sheets published by the Committee designed for actuaries as well as the general public. (March 23, 2012)
The Medical Professional Liability Committee sent a letter to the leadership of the U.S. House of Representatives concerning H.R. 5, which would reform the medical professional liability system and repeal the Independent Payment Advisory Board. (March 23, 2012)
Click here to order your copy. The law manual is designed to help appointed actuaries comply with the NAIC annual statement requirements for statements of actuarial opinion. (December 2, 2011)
The Casualty Practice Council submitted comments to the NAIC’s Casualty Actuarial & Statistical Task Force on its proposed 2012 Actuarial Opinion Instructions. (October 10, 2011)
The Committee on Property and Liability Financial Reporting sent comments to the AICPA regarding its working draft of Audit and Accounting Guide Property and Liability Insurance Entities. (August 31, 2011)