Academy Seeking Volunteers to Update Flood Insurance Policy Monograph
The Academy is seeking volunteers for a work group to update a 2011 monograph on flood insurance, The National Flood Insurance Program: Past, Present ... and Future? That analysis was released before the last major reauthorization of the National Flood Insurance Program (NFIP). Authorization of the NFIP will expire on Sept. 30, 2017, triggering another review that will involve studies, hearings, and possible revisions.
The work group will be led by Rade Musulin, who has been nominated to be the next vice president of the Casualty Practice Council, and Stu Mathewson, past chairperson of the Flood Insurance Subcommittee. Those interested in volunteering should contact Marc Rosenberg, the Academy’s senior P/C analyst, at rosenberg@actuary.org.
Upcoming Events
Early Registration Deadline Approaching for LHQ Seminar: Early registration rates will end next month, Sept. 12, for the 2016 Life and Health Qualifications Seminar, to be held Nov. 13-17 in Arlington, Va. (Washington, D.C., metro region). Seminar topics will include health insurance valuation; premium, loss, expense, and contingency reserves; risk-based capital; and professionalism. Register today to reserve your space.
90 Days Until Annual Meeting and Public Policy Forum:Keynote speakers for the Academy’s Annual Meeting and Public Policy Forum, to be held Nov. 3-4 in Washington, D.C., will include former Sen. Chris Dodd, Congressional Budget Office (CBO) Director Keith Hall, and Pension Benefit Guaranty Corp. (PBGC) Director Tom Reeder. Oregon Insurance Commissioner and Academy member Laura Cali also will speak. Attendees will get an in-depth look at top public policy and professionalism issues facing the actuarial profession, and the opportunity to earn continuing education credit. Register today.
Registration Continues for P/C Opinion Seminar: The 2016 “Seminar on Effective P/C Loss Reserve Opinions” will be held Dec. 6-7 in Chicago. Actuaries who prepare or sign NAIC annual statement actuarial opinions on P/C loss reserves, or those who assist in preparing them, should plan to attend this seminar. Register today; early registration ends Aug. 31.
The Life Illustrations Work Group submitted comments to the NAIC’s IUL Illustrations (A) Subgroup regarding the extension of Actuarial Guideline 49 (AG 49) to all in force life insurance illustrations.
The Multiemployer Subcommittee released a comment letter on the PBGC’s proposed rule on mergers and transfers between multiemployer plans.
Alerts
The NAIC’s Life Insurance and Annuities (A) Committee adopted revisions to AG 49, which establishes uniform standards for indexed universal life illustrations.
The CBO released a report Tuesday stating that the PBGC’s multiemployer program has enough liquid assets to cover immediate obligations through 2025, after which it will become insolvent.
In the News
The Greeley Tribune (Colo.) and the Clermont Sun (Batavia, Ohio) published a Rural Health News Service column that cited the Academy’s issue brief on 2017 health premium drivers.
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