The Health Practice Council published a new fact sheet that provides an overview of the three risk-sharing mechanisms included in the Affordable Care Act (ACA) - the permanent risk adjustment program, temporary risk corridors, and the transitional reinsurance program. (December 04, 2013)
The Academy was a significant presence at the National Conference of Insurance Legislators (NCOIL) annual meeting Nov. 21-24 in Nashville, TN. Senior Life Fellow Nancy Bennett, Chairperson of the Rate Review Practice Note Work Group Audrey Halvorson, Risk Management and Financial Reporting Council Vice President William Hines, and Health Care Costs Work Group member Susan Pantely, all made presentations directly to legislators at the meeting. Log in to read the full member alert. (November 25, 2013)
Susan Pantely, who chairs the Academy's Models of Care Delivery Subgroup, gave a presentation on behalf of the Academy to the National Conference of Insurance Legislators on new models of care delivery. (November 24, 2013)
The American Academy of Actuaries announced that Darryl Walter has joined the organization as its new director of membership today. In this role, Walter will lead the Academy’s initiatives to enhance member value and benefits, and to expand membership to all qualified actuaries. (November 21, 2013)
The Academy’s Pension Practice Council published an issue brief that examines the different measurements of the obligations of defined-benefit pension plans that discusses two common measurements: solvency value and budget value. Read the news release. (November 21, 2013)
Senior Life Fellow Nancy Bennett addressed state legislators on the lifetime-income needs of retirees in a presentation given at the National Conference of Insurance Legislators’ annual meeting. (November 21, 2013)
The North American Actuarial Council released its 2012-2013 annual report, outlining its work and highlighting its accomplishments for the year. (November 21, 2013)
Audrey Halvorson, who chairs the Academy's Rate Review Practice Note Work Group, made a presentation on behalf of the Academy to the National Conference of Insurance Legislators on the Affordable Care Act's effect on premiums. (November 21, 2013)
The NAIC's Group Long-Term Disability Valuation Table Implementation (B) Subgroup voted to re-expose the Academy's proposed Group Long-Term Disability Work Group Actuarial Guideline until Dec. 3. (November 15, 2013)
The Life Practice Council submitted comments on the Initial Report of Rector & Associates to the NAIC Principle-Based Reserving Implementation (EX) Task Force regarding assets for captive reinsurance. (November 15, 2013)
The Health Practice Council sent a letter to members of Congress outlining the potential consequences of proposals that would modify ACA provisions regarding plan cancellations in the individual and small group health insurance markets. Read the news release. (November 14, 2013)