Academy News

The spring StateScan Quarterly highlights state legislation in the past quarter related to auto and flood insurance; health insurance changes including the individual market, Medicaid, and long-term care; principle-based reserving and other life issues; public pension plans; and more. For a comprehensive review, log in to StateScan, the legislative and regulatory portal free for Academy members. (April 02, 2018)

The March Actuarial Update covers the Health Practice Council’s Capitol Hill visits and briefing; Academy activity at the NAIC Spring 2018 National Meeting; Contingencies’ new website; a call for nominations for Academy regular directors; and the “Professionalism Counts” column on the Academy’s professionalism webinars as a resource. (March 30, 2018)

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. (March 30, 2018)

The latest Enrolled Actuaries Report features background on the Academy’s upcoming paper on the seven principles of pension funding. Also included: a preview of April’s Enrolled Actuaries Meeting; Pension Practice Council meetings with a variety of congressional and federal agency offices; and the 2018 IRS and Social Security tables. (March 27, 2018)

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. (March 23, 2018)

In the spring Casualty Quarterly, Edmund Douglas, chairperson of the Academy’s Cyber Risk Task Force, writes about cyber risk as a pre-eminent security concern—a wakeup call akin to the Great Fire of London in 1666. Also covered are two practice notes from the Committee on Property and Liability Financial Reporting; the Academy’s take on a “Qualified Actuary” proposal; and state and federal legislative, judicial, and regulatory activity. (March 19, 2018)

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. (March 16, 2018)

The Academy recently adopted an updated Board and Committee Meetings Policy as another mechanism to ensure that the high level of professional objectivity and independence from any specific special interests are maintained. Answers to frequently asked questions (FAQs) on the updated policy are now available. (March 16, 2018)

In the March HealthCheck, the Health Practice Council (HPC) made its annual visits to Capitol Hill this month, highlighting a new issue brief on prescription drug costs. Much of this year’s HPC discussions focused on efforts to stabilize the individual health insurance market and on the proposed rules on association health plans and short-term, limited-duration insurance. Also covered, a new public policy practice note from the Group Long-Term Disability Practice Note Work Group; an Academy statement on a U.S. District Court decision involving Actuarial Standard of Practice No. 49; and registration is open for the Academy’s Life and Health Qualifications Seminar. (March 14, 2018)

The Academy issued a news release explaining that a recent decision by the U.S. District Court for the Northern District of Texas regarding a Department of Health and Human Services (HHS) regulation on actuarially sound Medicaid payments “mischaracterizes the role of the Actuarial Standards Board.” Read the release here. (March 13, 2018)

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. (March 09, 2018)

The Health Practice Council gave a briefing on Capitol Hill to policymakers and congressional and federal agency staff, offering expertise on the drivers of growth in drug expenses; benefits versus costs for new treatments; the impact of high and increasing prescription drug costs on payers; and options to address spending. Read the news release. (March 09, 2018)

Past Academy President Mary D. Miller submitted two letters from the Academy to the NAIC this week—one responding to NAIC’s Casualty Actuarial and Statistical Task Force’s (CASTF) request for comments on the appointed actuary’s public attestation and supporting confidential documentation, and a second responding to CASTF’s request for proposals on the three-year experience period. (March 09, 2018)

The Prescription Drug Work Group published an issue brief highlighting prescription drug issues present in our health care system, including cost drivers, the effect on various stakeholders, and possible approaches that might help address the health care cost growth associated with prescription drugs. (March 07, 2018)

The Individual and Small Group Markets Committee sent comments to the U.S. Department of Labor on proposed rules regarding the definition of ‘‘Employer’’ under section 3(5) of ERISA—Association Health Plans. (March 05, 2018)