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. (June 26, 2020)
The Summer Casualty Quarterly includes a Q&A with Academy Casualty Vice President Lisa Slotznick on the Casualty Practice Council’s comments to the U.S. House Financial Services Committee on a discussion draft of the Pandemic Risk Insurance Act, including the impact on business interruption insurance. Also, Academy leadership and Committee on Property and Liability Financial Reporting (COPLFR) comments to the NAIC on statements of actuarial opinion; COPLFR releases FAQs on COVID-19 for appointed actuaries; a new workers’ compensation issue brief on presumptive benefits; and the P/C breakout sessions are set for November’s Annual Meeting and Public Policy Forum. (June 26, 2020)
The Casualty Practice Council commented on H.R. 7011, a proposal to facilitate expansion of Business Interruption insurance to include future pandemic events. (June 26, 2020)
The Workers’ Compensation Committee released an issue brief, Presumptive Benefits in Workers’ Compensation: Emerging Issues Before and After COVID-19, which covers what workers’ compensation presumption of benefits means, how laws vary by state, what occupations are covered by presumptions, what injuries or diseases are classified as presumptive, who is eligible, how claims can be rebuttable by the employers, what are the cost elements of workers’ compensation presumptions, and other cost considerations. (June 25, 2020)
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. (June 19, 2020)
The Life Underwriting and Risk Classification Work Group gave a presentation on actuarial perspectives on accelerated underwriting to the NAIC Accelerated Underwriting (A) Working Group. (June 18, 2020)
The Life Illustrations Work Group sent a comment letter to the NAIC Life Actuarial (A) Task Force regarding the illustrations of Indexed Universal Life (IUL) insurance policies under Actuarial Guideline 49 and the ACLI Redline of AG 49A. (June 15, 2020)
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. (June 12, 2020)
The Annuity Reserves Work Group gave an update to the NAIC VM-22 (A) Subgroup on the preliminary framework elements for fixed annuity PBR. (June 11, 2020)
The Committee on Property and Liability Financial Reporting has issued a set of questions and answers regarding the impact of the coronavirus pandemic on P/C financial reporting.(Note: This document has been superceded by a second edition, published in January 2021.) (June 11, 2020)
The Academy published an issue brief examining the potential impact of the SECURE Act on retirement security, which was developed by Senior Pension Fellow Linda K. Stone in conjunction with the chairperson and members of the Retirement System Assessment and Policy Committee and the co-chairpersons of the Lifetime Income Risk Joint Committee. (June 10, 2020)
Individual and Small Group Markets Committee issue brief outlining the major factors driving premium changes for the next plan year. This year’s issue brief focuses primarily on the impact of COVID-19 on the 2021 premium rate filings. (June 09, 2020)
We want to take a moment to mark the protests that have taken place since the murder of George Floyd in Minneapolis. Combined with the disparity in how COVID-19 has affected communities of color, recent events reflect poorly on our country’s commitment to equality for all. The Academy stands resolutely with those who value equality and inclusion, both within the profession and in society at large. We condemn racism and encourage our members to stand up for equal justice for all, and to oppose all forms of racism, discrimination, and bias whenever you encounter them.
D. Joeff Williams, President (June 05, 2020)
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. (June 05, 2020)
The Cyber Risk Task Force sent comments to the Government Accountability Office regarding cyber-attacks and the Terrorism Risk Insurance Act. (June 01, 2020)
