AmericanAcademyOfActuaries

Academy Announcement

• Conflict of Interest deadline approaching! All Academy volunteers who have not yet responded to the Academy's request to confirm their acknowledgement of the Academy's existing conflict-of-interest policy are requested to do so now. Volunteers who do not respond will be dropped from their committees. Volunteers can respond to two previous e-mails from the Council on Professionalism or log in to the Academy's members-only page to access the conflict-of-interest acknowledgement link.

Media Coverage

• The Implementation and Sustainability of the New, Government-Administered Community Living Assistance Services and Supports (CLASS) Program
  Energy & Commerce Committee, March 17, 2011
  Archived video includes Academy volunteer Al Schmitz's testimony before the U.S. House Committee on Energy and Commerce Subcommittee on Health during a hearing on the CLASS program. Schmitz's remarks began at 1:56:00.
• Subcommittee sets CLASS Act hearing
  National Underwriter Life & Health, March 15, 2011
  Al Schmitz's testimony before congressional subcommittee on the CLASS program was previewed and the Academy's FAQ on the CLASS Act was cited.
• Can there be life after the mandate?
  Politico, March 14, 2011
  Academy discussions about alternatives to the individual coverage mandate contained in the Patient Protection and Affordable Care Act were referenced.

News Releases

• Media advisory: Actuary to Testify at Congressional Hearing on the CLASS Act (March 15, 2011)
• Media advisory: Actuaries to Host 2011 Enrolled Actuaries Meeting (March 14, 2011)

Website: New Postings

• The Academy's Casualty Practice Council provided comments to the Wilmington Regional Association of Realtors in response to its request for Academy input. The association asked the CPC to provide a summary of the qualifications it should seek in filling an advisory board position.

Upcoming Events

• With national policy debate increasingly focusing on retirement security as one of the next, immediate critical economic issues, the Academy will present a briefing, Pension Risk and Your Retirement, on Capitol Hill on April 4. While the briefing is targeted to policymakers and regulators, Academy members and the public are welcome to attend. Learn more.
• The 2011 Enrolled Actuaries Meeting (March 27-30) will feature nearly 60 sessions focusing on pension funding and technical issues. The meeting will also include a special session on public pension funding.

News from the Actuarial Standards Board

• Discussion drafts developed by the Enterprise Risk Management (ERM) Task Force of the ASB are available for comment: Actuarial Professional Standards for Risk Evaluation and Actuarial Professional Standards for Risk Treatment. The purpose of these drafts is to share the work that has been done by the ERM Task Force to date and to collect input from interested parties. You can share comments by e-mailing discussion@actuary.org. View the drafts on the ASB website.
• The ASB recently repealed ASOP No. 2, Recommendations for Actuarial Communications Related to Statements of Financial Accounting Standards Nos. 87 and 88, and ASOP No. 9, Documentation and Disclosure in Property and Casualty Insurance Ratemaking, Loss Reserving, and Valuations due to their redundancy with various existing ASOPs. The ASOP No. 2 repeal is effective March 14, 2011. The ASOP No. 9 repeal is effective May 1, 2011. Both repeals can be accessed on the ASB website.

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