Met with staff from the Government Accountability Office (GAO) and the Congressional Budget Office to discuss terrorism reinsurance modeling.
Conducted third annual seminar on loss reserve opinions.
ublished an issue brief on effective use of reserve ranges.
Discussed with representatives of the GAO the actuarial implications of adding wind insurance coverage to the National Flood Insurance Program.
Provided reports to the National Association of Insurance Commissioners (NAIC) and its groups on various topics, including risk transfer practices, a national catastrophe plan, and a climate risk disclosure proposal. The council also gave a presentation to the NAIC on catastrophe modeling.
Gave a presentation to NAIC Financial Summit attendees on risk transfer practices for regulators.
Provided the NAIC with a proposed model for the reporting of first dollar premium equivalents for large-deductible workers’ compensation insurance policies.
Published a practice note on writing statements of actuarial opinion for loss reserves.
Published a fact sheet on medical malpractice policies.
Commented to the National Conference of Insurance Legislators on a proposed state-federal system for catastrophe funding.
Provided the Federal Trade Commission (FTC) with a comment letter regarding an FTC draft model order to obtain data to study the effect of credit-based insurance scores on consumers of homeowners’ insurance.
Provided the NAIC with a comment letter offering suggestions on data elements to include in the model guideline that is currently being drafted by the NAIC to support a proposed model law on medical professional liability closed-claim reporting.
Published the annual property/casualty loss reserve law manual.
Casualty Practice Council resources
See recent Academy publications, analyses, and comments on public policy casualty issues.
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