Casualty Policy Papers

Academy Essential Elements paper on the tax treatment of pensions and insurance protections, and the potential public policy trade-offs of changes to the tax code. Essential Elements is a series designed to make actuarial analyses of public policy issues clearer to general audiences.
(November 13, 2017)
Flood Insurance Work Group monograph on the National Flood Insurance Program (NFIP) that examines key issues surrounding the NFIP, including rising sea levels, the differences between the NFIP and private-sector insurance, and its role in flood management and recovery after catastrophic events. (April 19, 2017)
Committee on Property & Liability Financial Reporting (COPLFR) overview providing information on effective use of actuarial loss reserves expertise by audit committees and boards. (December 10, 2014)
Medical Professional Liability Insurance Committee fact sheet on medical professional liability exposures. (June 6, 2014)
This report is the product of Phase I of a multi-phase project commissioned by the Casualty Actuarial Society (CAS), Canadian Institute of Actuaries, Society of Actuaries, and the American Academy of Actuaries' Property/Casualty Extreme Events Committee and prepared by Solterra Solutions, with input from the CAS's Climate Index Working Group. With this project, the actuarial organizations are responding to the emerging risk of climate change by collaborating to recommend, support, and perform research on climate change and assess the potential risk management implications for the insurance industry. (October 31, 2012)
Actuarial Soundness Task Force special report regarding the terms “actuarial soundness” and “actuarially sound” to assist in providing the profession and the general public with specific direction on the use of these terms. (May 10, 2012)
Flood Insurance Subcommittee's monograph on the actuarial issues surrounding the history and future of the National Flood Insurance Program. (July 12, 2011)
Mass Torts Subcommittee monograph providing an overview of asbestos claim issues and trends. (August 1, 2007)
Extreme Events Committee monograph addressing terrorism-risk insurance coverage in the aftermath of September 11th. (May 1, 2002)
Mass Tort Work Group overview of asbestos issues and trends. (December 1, 2001)
Catastrophe Management Work Group monograph on insurance industry catastrophe management practices. (June 1, 2001)
Workers' Compensation Work Group monograph on an analysis of the workers' compensation system and addresses the history of the system, economic influences, and the effect of managed care, among other issues. (March 31, 2000)
Environmental Liabilities Work Group monograph on reserving for asbestos, pollution, and other mass-tort liabilities. (March 1, 1997)