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. (July 30, 2021)

The drafters of the Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States (USQS), which took effect in 2008, believed continuing education (CE) to be so important that they raised the number of hours required from 12 to 30 per year. These and other significant changes left actuaries with a lot of questions about the new requirements and how to meet them. (July 30, 2021)

The July Actuarial Update unveils the Annual Meeting and Public Policy Forum dates; Sherry Chan’s selection as Academy pension vice president; the upcoming election of Academy regular directors; the U.S. Qualification Standards second exposure draft and upcoming professionalism webinar; a Member Spotlight on long-time Academy volunteer and former regulator Sheldon Summers; and the “Professionalism Counts” column looks at USQS FAQs. (July 30, 2021)

The Summer Casualty Quarterly leads with a Q&A with Workers’ Compensation Committee member Derek Jones on workers’ compensation, opioids, and COVID-19. Also in the issue, the Automobile Insurance Committee released an issue brief on the development and pricing of automobile insurance, an Academy statement regarding Casualty Actuarial Society rescinded ratemaking principles, the Committee on Property and Liability Financial Reporting (COPLFR) sent a comment letter to the NAIC Blanks Working Group on proposed changes to P/C annual statements, the Actuaries Climate Index latest five-year average was down slightly, and recent state P/C-related legislative activity. (July 29, 2021)

Save the Date--The Academy’s 2021 Annual Meeting and Public Policy Forum will be held on Nov. 4-5 at the Fairmont Hotel in Washington, D.C. The agenda will include practice-specific breakout sessions for all practice areas and plenaries that cover critical issues relevant to actuaries in all practice areas, along with opportunities to discuss these issues directly with policymakers, subject matter experts, and Academy leaders. Registration will open in August. (July 29, 2021)

The Long-term Care (LTC) Reform Subcommittee released an issue brief on LTC financing reform proposals involving public programs. This issue brief provides a side-by side assessment of various federal and state reform programs and proposals using essential criteria for LTC financing reform proposals developed by the Academy. (July 28, 2021)

The Committee on Property and Liability Financial Reporting (COPLFR) sent a comment letter to the National Association of Insurance Commissioners (NAIC) Casualty Actuarial and Statistical (C) Task Force on proposed changes to P/C annual statements. The letter addresses such areas as definition of exposure, calendar date alignment, and existing alternative data sources. (July 06, 2021)

The Individual and Small Group Markets Committee and its Risk Sharing Subcommittee submitted comments to the Centers for Medicare & Medicaid Services (CMS) on the proposed rule, Updating Payment Parameters, Section 1332 Waiver Implementing Regulations, and Improving Health Insurance Markets for 2022 and Beyond. (July 28, 2021)

The Long-Duration Contracts Work Group of the Financial Reporting Committee released an exposure draft of a public policy practice note on the Application of Accounting Standards Update 2018-12, Targeted Improvements to the Accounting for Long-Duration Contracts. The exposure draft is Part I: Traditional and Limited-Payment Contracts – Basic Considerations Related to the Liability for Future Policy Benefits. Due to the number of areas of practice impacted by this accounting standard, the white paper is being exposed for comment in sections, of which this is the first. Please send comments to rmfrcanalyst@actuary.org by September 30. (July 27, 2021)

Automobile Insurance Committee comments to the U.S. Department of the Treasury and Federal Insurance Office (FIO) request for information (RFI) relating to regarding FIO's future work relating to monitoring the availability and affordability of automobile (auto) insurance. (July 26, 2021)

The Long-term Care Reform Subcommittee sent a comment letter to the National Association of Insurance Commissioners (NAIC) Long-Term Care (EX) Task Force regarding the June 10, 2021 exposure draft of the actuarial sections within the Long-Term Care Insurance Multi-State Rate Review Framework.   (July 26, 2021)

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. (July 23, 2021)

The Health Equity Work Group (HEWG) released a new discussion brief, Health Equity from an Actuarial Perspective: Health Plan Benefit Design. This discussion brief is part of a series developed by the HEWG to provide more context on issues raised in the initial discussion brief, Health Equity from an Actuarial Perspective: Questions to Explore. (July 23, 2021)

The Multiemployer Plans Committee submitted comments to U.S. Department of the Treasury and Internal Revenue Service (IRS) relating to implementation of the multiemployer pension plans temporary funding relief provisions of the American Rescue Plan Act of 2021 (ARPA). (July 23, 2021)

The Pension Committee submitted comments to the Department of the Treasury and Internal Revenue Service (IRS) providing suggestions on guidance relating to the implementation of the single-employer pension plan funding relief provisions enacted under the American Rescue Plan Act of 2021 (ARPA). (July 23, 2021)