The Winter HealthCheck includes a Q&A with Academy Senior Health Fellow Cori Uccello on some of the key health-related issues likely to be addressed by the incoming Biden administration and the new Congress. Also in the issue, the Health Solvency Committee commented to the NAIC on several issues; a recap of the Annual Meeting and Public Policy Forum’s health breakout sessions; the Life and Health Valuation Law Manual is available for preorder; and recent state and federal legislative, regulatory, and judicial activity.
COPLFR Releases Practice Note on Statements of Actuarial Opinion on P/C Loss Reserves
The Committee on Property and Liability Financial Reporting (COPLFR) released the practice note, Statements of Actuarial Opinion on P/C Loss Reserves (2020), which includes discussion regarding changes in the NAIC Annual Statement Instructions—Property/Casualty (NAIC Annual Statement Instructions) regarding the Actuarial Opinion, the Actuarial Opinion Summary, and Actuarial Report, as well as COVID-19 considerations.
This Week: MLK Day President's Message; Magic School Bus Book Is Back; Webinars Cover Life, P/C Issues
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.
Health Solvency Subcommittee Submits Comment Letter to NAIC Health RBC Working Group on Investment Income
The Health Solvency Subcommittee sent a comment letter in response to a request from the NAIC’s Health Risk-Based Capital (E) Working Group providing additional detail regarding the potential investment income adjustment factor for Health H2 Experience Fluctuation Risk.
The Casualty Practice Council filed comments on the Actuarial Standards Board exposure draft, Using Models Outside the Actuary's Expertise (Property and Casualty).
FRC Committee Submitted Comments to the AICPA on Issues 3 & 4CD
Members of the Financial Reporting Committee submitted fatal flaw comments to the American Institute of Certified Public Accountants (AICPA) regarding Issues 3 & 4CD (market risk benefits) as part of ongoing discussions at the Insurance Experts Panel.
