Academy News

The Academy offered a heartfelt thank you to Richard S. Foster, who is retiring this week as Centers for Medicare & Medicaid Services (CMS) chief actuary after a long and distinguished career in public service. Through his 18 years at CMS and previous 13 years as deputy chief actuary of the Social Security Administration, Foster devoted his entire actuarial career to improving the financial status of the nation’s most important social insurance programs — Medicare, Medicaid, and Social Security. Read the news release. (February 01, 2013)

Read the top priorities for the year as developed by each of the Academy’s practice councils as well as a look back at key legislative and regulatory developments from 2012, all in the latest issue of the Update (January 31, 2013)

Read about recent health care reform activities in the latest edition of HealthCheck. (January 30, 2013)

The Life & Health Valuation Law Manual is now available. The manual is designed to help appointed actuaries comply with the requirements of the NAIC model Standard Valuation Law and the Model Actuarial Opinion and Memorandum Regulation. (January 25, 2013)

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. (January 25, 2013)

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. (January 18, 2013)

The 2012 Academy Legislative/Regulatory Review details significant legislative and regulatory activities affecting the actuarial profession, as well as the Academy’s work on these issues. The review notes that while the presidential election dominated the news, the Academy’s nonpartisan work also covered several high profile issues including health care reform implementation, lifetime income, and principle-based reserves for life insurance. Members can log in to read the full alert. (January 15, 2013)

The 2012 Property/Casualty Loss Reserve Law Manual is now available. The manual is designed to help appointed actuaries comply with the NAIC requirements for statements of actuarial opinion. Learn what's new and order your copy today! (January 15, 2013)

The Academy's Health Practice Council sent a letter to President Obama and congressional leaders urging them to appoint an actuary to the new Commission on Long-Term Care that was enacted as part of the American Taxpayer Relief Act of 2012. Read the news release. (January 14, 2013)

The Life Practice Council submitted a comment letter to the National Association of Insurance Commissioners' Principles-Based Reserving (E) Working Group with suggested changes to its November 2012 draft implementation plan for principle-based reserving of life insurance. (January 11, 2013)

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. (January 11, 2013)

Read about the recent adoption of ASOP No. 47, second exposure approval of ASOP No. 4, proposed modeling drafts, plus more! (January 09, 2013)

The Academy wrote a letter to The New York Times in response to an op-ed that questioned whether longevity risk was posing new problems for Social Security and if actuaries had taken this into account. In the letter, the Academy said Social Security actuaries assess longevity rates as well as other factors regularly. The larger issue, however, is that the president and Congress should address now Social Security’s long-term solvency. (January 09, 2013)

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. (January 04, 2013)

Read about the Academy’s decades-long work toward the adoption of  principles-based reserving for life insurance products, how the implementation of the Affordable Care Act will affect young adults, the impact of obesity on employer-based health care and workers’ compensation programs, and much more. (January 02, 2013)