Academy President Mary Frances Miller has sent two letters to correct misstatements made about the Academy and the actuarial profession by third parties. In a letter to the National Association of Insurance Commissioners Life Actuarial Task Force, Miller defined the Academy's work in representing the U.S.
WASHINGTON -- Aug. 5, 2011 -- The American Academy of Actuaries announced today that Donald Fuerst will be the professional association's new senior pension fellow. Fuerst recently retired as a senior partner and consulting actuary with Mercer's Denver office, where he advised corporate clients for more than 30 years on design, funding and compliance issues related to retirement programs.
An actuarial analysis of the Community Living Assistance Services and Supports Act (CLASS Act) by a joint work group of the Academy and Society of Actuaries was cited.
An Academy letter to congressional leaders regarding legislation to repeal an antitrust exemption for medical professional liability insurers was discussed. Academy Medical Professional Liability Subcommittee Chairperson Kevin Bingham wrote that the legislation could limit or preclude the collection, aggregation and analysis of data across companies, which could ultimately limit competition and potentially increase premiums.
An Academy letter to congressional leaders regarding legislation to repeal an antitrust exemption for medical professional liability insurers was discussed. Academy Medical Professional Liability Subcommittee Chairperson Kevin Bingham wrote that the legislation could limit or preclude the collection, aggregation and analysis of data across companies, which could ultimately limit competition and potentially increase premiums.
An Academy letter to congressional leaders regarding legislation to repeal an antitrust exemption for medical professional liability insurers was discussed. Academy Medical Professional Liability Subcommittee Chairperson Kevin Bingham wrote that the legislation could limit or preclude the collection, aggregation and analysis of data across companies, which could ultimately limit competition and potentially increase premiums.
An Academy letter to congressional leaders regarding legislation to repeal an antitrust exemption for medical professional liability insurers was discussed. Academy Medical Professional Liability Subcommittee Chairperson Kevin Bingham wrote that the legislation could limit or preclude the collection, aggregation and analysis of data across companies, which could ultimately limit competition and potentially increase premiums.
Academy Senior Pension Fellow Frank Todisco discussed how cashing out a 401(k) plan before retirement jeopardizes a worker's future financial security, particularly if that worker does not have a traditional defined benefit pension plan.
Academy Senior Pension Fellow Frank Todisco discussed increasing the retirement age as part of any reform package for Social Security.
