The Academy’s office will be closed Monday, Sept. 5, in observance of Labor Day.
Contingencies, Actuarial Update Released
In the latest issue of Contingencies, the cover story, “In the Red Zone,” discusses concussions in the NFL and other sports and their long-lingering aftermath. Other features investigate when pension plan solvency is important, and how plan sponsors can adjust over time to maintain sustainability; a look at the nascent field of cryonics; and a possible partnership between the actuarial and earth sciences to aid in offshore oil drilling.
The August Actuarial Update includes a review of the Academy’s presentations at the NAIC Summer Meeting in San Diego; a new long-term care credibility monograph and proposed cancer claim cost valuation tables; and a “Professionalism Counts” column on ASOP No. 1 and professional judgment.
Public Employment Opportunities
The Hawaii Insurance Division has a public employment opportunity for a health actuary. The position’s primary purpose is to analyze health rate insurance filings to determine whether the requested rates are excessive, inadequate, or unfairly discriminatory and reasonable in relation to the cost of the benefits provided. Applicants must be an Academy member in good standing and have a Society of Actuaries associate or fellow designation. A complete description of the opportunity and how to apply can be found on the Hawaii Insurance Division website.
The Connecticut Insurance Department is seeking applicants for chief insurance actuary, a position responsible for managing the operations and staff of the Actuarial Division. For a complete list of qualifications and instructions on how to apply, visit the Connecticut Department of Administrative Services’ job posting.
Register Now for Academy’s Annual Meeting and Public Policy Forum: An agenda overview and a list of key speakers are in place for the Academy’s Annual Meeting and Public Policy Forum, to be held Nov. 3-4 in Washington, D.C. Sessions will cover Affordable Care Act implementation, how Big Data will affect auto insurance, emerging pension-design plans, analysis of the information used in life underwriting in light of genetic testing, and more. Register today.
Post-NAIC Webinars to Recap Life, P/C Issues: Register now for the Academy’s post-NAIC webinars on life issues and, for the first time, property/casualty issues, to be held in mid-September. The Casualty Practice Council P/C webinar will be held on Tuesday, Sept. 13, from noon to 1 p.m. EDT, and the Life Practice Council webinar will be held on Thursday, Sept. 15, from noon to 1:30 p.m. EDT.
10 Days Left—Early Registration Deadline Approaching for LHQ Seminar: Early registration rates run through Sept. 12 for the 2016 Life and Health Qualifications Seminar, to be held Nov. 13-17 in Arlington, Va. (Washington, D.C., metro region). Register today to reserve your space.
Labor Day Early Registration Deadline for CLRS Livestream: The Casualty Loss Reserve Seminar (CLRS) will offer livestreaming of select sessions at this month’s CLRS in Chicago. The livestream will be for select Sept. 19 events from the seminar, which runs Sept. 18-20 in Chicago. Early registration for the livestream is available through Sept. 5 (Labor Day) and registration will close on Sept. 14. Virtual attendees will be able to interact with one another and pose questions to panelists. Visit the Casualty Actuarial Society website for registration information and a list of sessions that will be livestreamed.
Global Health Webinar on France, United Kingdom: The next webinar in the global health care webinar series presented jointly by the Academy’s Health Practice International Committee and the International Actuarial Association Health Section (IAAHS) will examine the health care systems of France and the United Kingdom. “Exploring Global Health Care Cost Drivers: France and the U.K.” will take place Wednesday, Oct. 5, from 10:30 a.m. to noon EDT. Registration, open through Sept. 30, is free for Academy and IAAHS members.
Professionalism Webinar Set for October: The Academy will host a professionalism webinar in October that will present an overview of the value and challenges of cross-practice standards. The panel will discuss ASOP Nos. 1, 23, 25, and 41, as well as the proposed standards on modeling and assumptions in development and their relationship to practice-specific standards. “An Overview of Cross-Practice Standards” will be held Wednesday, Oct. 19, from noon to 1:30 p.m. EDT. Register today.
See our website for a listing of all Academy events.
Public Policy Activities
The Pension Committee submitted comments to Sen. Susan Collins, chairman of the U.S. Senate Special Committee on Aging, with suggestions on how to encourage open multiple-employer plans.
Online Election Continues Through Mid-September
Online voting for the Academy’s four open regular director positions continues through Friday, Sept. 16. The Academy’s Nominating Committee presented four candidates for the Academy’s Board of Directors; for more information about the candidates, election guidelines, and more, please visit the online Election Center.
Alerts
The Centers for Medicare & Medicaid Services released a proposed Notice of Benefit and Payment Parameters for 2018 and the draft 2018 actuarial value (AV) calculator and methodology.
The U.S. Department of Labor issued a final rule and a proposed rule to support states and localities that wish to establish their own retirement programs to aid workers without a workplace retirement plan.
Subscribe to Member Alerts: Subscribers to the Academy’s alerts are notified by email when a new alert is posted in their area(s) of interest. The alerts are available in five areas of focus: casualty, health, life, pension, and cross-practice issues. Academy members may subscribe to any or all of them free of charge as a member service after signing in to the member section of the website.
In the News
A Florida Times-Unioneditorial on Social Security and women’s issues extensively cited the Academy’s testimony on gender-related factors that affect the adequacy of retirement benefits at a 2014 Senate Finance Committee hearing.
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