Public Policy News

Long-Term Care Practice Note Work Group member Dawn Helwig presented at the NAIC's Senior Issues Task Force hearing on long-term care regarding actuarial implications for long-term care insurance.  (December 6, 2012)
Senior Health Fellow Cori Uccello presented to the National Conference of Insurance Legislators regarding states' Affordable Care Act Medicaid expansion decisions.  (November 26, 2012)
COPLFR provided a comment letter to the NAIC's Casualty Actuarial & Statistical Task Force on the Statutory Accounting Principles Working Group's proposed changes to SSAP 65. (November 16, 2012)
The Health Solvency Work Group submitted a letter to the NAIC's Health Risk-Based Capital Working Group describing a model that examines administrative expenses within the context of business risk. (November 16, 2012)
The Health Care Receivables Factors Work Group submitted a letter to the NAIC's Health Risk-Based Capital Working Group that provides recommendations for receivables factors in the current RBC formula. (November 16, 2012)
The LPC submitted a comment letter in support of budget item, “Actuarial Guideline 38/Principle-Based Reserving Implementation and Monitoring.” (November 16, 2012)
The Solvency Committee responded to an NAIC Solvency Modernization Initiative Task Force request to outline methods of measuring regulatory financial success in the U.S. insurance financial regulatory system. (November 16, 2012)
The P/C RBC Committee provided a report to the NAIC's SMI RBC Subgroup on risk correlation methodologies used to determine regulatory solvency capital requirements in advanced jurisdictions outside the U.S. (November 15, 2012)
The Group Long-Term Disability Work Group submitted a proposed actuarial guideline to the NAIC's Health Actuarial Task Force (HATF) that will be used to provide instructions for the use of the proposed new Group Long-Term Disability Valuation Table.  (November 14, 2012)
The Casualty Actuarial Society (CAS), Canadian Institute of Actuaries, Society of Actuaries, and the American Academy of Actuaries’ Property/Casualty Extreme Events Committee, with input from the CAS’s Climate Index Working Group, have published a report, “Determining the Impact of Climate Change on Insurance Risk and the Global Community,” 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)
The Casualty Practice Council provided an actuarial perspective on the NAIC Catastrophe Risk Subgroup's recent proposed changes to the Risk-Based Capital formula spreadsheets to incorporate property catastrophe risk.
(October 29, 2012)
The Academy’s Long-Term Care Practice Note Work Group has published an updated practice note relating to long-term care rate stability under the NAIC’s Long-Term Care Insurance Model Regulation.
(October 23, 2012)
The Academy's International Accounting Standards Task Force (IASTF) will present a webinar on the FASB and IASB Insurance Contracts Project. Attendees will learn about IASB's work on Phase 2 of the project and the resulting significant changes to the International Financial Reporting Standard (IFRS) on insurance contracts, and potential changes to U.S. GAAP. (October 16, 2012)
The Academy's Actuarial Guideline 43/C-3 Phase II Work Group submitted a report to the NAIC with possible ideas for a review process of Actuarial Guideline 43 and C-3 Phase II. (October 12, 2012)
The Academy’s Health Practice Council Communications Committee published a new Campaign 2012 voter guide, A Guide to Analyzing the Issues: Medicare Premium Support. The guide is intended to help voters understand what premium support is and the potential implications of shifting Medicare to a premium support program. Read the news release. (October 9, 2012)
The Academy’s Rate Review Practice Note Work Group published a new practice note on the preparation, review, and disclosure of rate filings under the Affordable Care Act.
(October 9, 2012)
Presenters will provide important information for pricing actuaries when completing an actuarial certification related to pricing long-term care insurance policy forms under the rate stability provisions of the NAIC’s Long-Term Care Model Regulation. Register today! (October 9, 2012)
The International Accounting Standards Task Force comments to the International Accounting Standards Board on its working drafts, Feedback on the premium-allocation approach decisions, Feedback on the Non-Insurance Components and on measuring earned premium under the building block approach.
(October 9, 2012)
Join members of the Rate Review Practice Note Work Group on Oct. 12 to learn more about the review and disclosure requirements of “unreasonable” rate increases under the Affordable Care Act (ACA). Presenters will provide an overview of the final practice note and answer questions.
(October 1, 2012)
The Casualty, Life, Health, Professionalism, and Financial Reporting Councils submitted comments to the NAIC’s Corporate Governance Working Group concerning the WG’s Proposed Responses to a Comparative Analysis of Existing U.S. Corporate Governance Requirements. (September 28, 2012)