Extreme Events
Floods, earthquakes, other natural catastrophes; terrorist events; and mass torts.
Extreme Events
Floods, earthquakes, other natural catastrophes; terrorist events; and mass torts.
ERM Committee News
ASB Approves Exposure Draft Of Proposed Capital Adequacy Assessment ASOP
The ASB recently approved an exposure draft of a proposed new ASOP titled Capital Adequacy Assessment for Insurers. The proposed ASOP will apply to actuaries involved in capital adequacy assessment…
Topics: ASB News
Date Published: 09/26/2016
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Extreme Events Resources
Policy Paper
Updated Flood Insurance Monograph
Updated monograph on the National Flood Insurance Program and related issues, with new data from 2017 and 2018 hurricane seasons.
Topics: Casualty
Policy Paper
Committee Issues Paper on Wildfire Lessons Learned
The Academy’s Extreme Events and Property Lines Committee has published a new document, Wildfire: An Issue Paper — Lessons Learned from the 2017-2018 California Events. Read the news release.
Topics: Casualty
Policy Paper
Monograph on Catastrophe Modeling
Extreme Events and Property Lines Committee monograph on the development of catastrophe models and the uses of catastrophe model output in actuarial tasks.
Topics: Casualty
Policy Paper
Monograph on Issues Surrounding National Flood Insurance Program
Flood Insurance Work Group monograph on the National Flood Insurance Program (NFIP) that examines key issues surrounding the NFIP, including rising sea levels, the differences between the NFIP and…
Topics: Casualty
Policy Paper
Determining the Impact of Climate Change on Insurance Risk and the Global Community
This report is the product of Phase I of a multi-phase project commissioned by the Casualty Actuarial Society (CAS), Canadian Institute of Actuaries, Society of Actuaries, and the American Academy of…
Policy Paper
The National Flood Insurance Program: Past, Present…and Future
?Flood Insurance Subcommittee’s monograph on the actuarial issues surrounding the history and future of the National Flood Insurance Program.
Topics: Casualty
Policy Paper
Overview of Asbestos Claims Issues and Trends
Mass Torts Subcommittee monograph providing an overview of asbestos claim issues and trends.
Policy Paper
Terrorism Insurance Coverage in the Aftermath of September 11th
Extreme Events Committee monograph addressing terrorism-risk insurance coverage in the aftermath of September 11th.
Topics: Casualty
Comment / Letter
MTWG Overview of Asbestos Issues and Trends
Mass Tort Work Group overview of asbestos issues and trends.
Policy Paper
Insurance Industry Catastrophe Management Practices
Catastrophe Management Work Group monograph on insurance industry catastrophe management practices.
Topics: Casualty