Casualty Practice Council

Councils Comment to NOAA on Climate Database

The Casualty Practice Council, Risk Management and Financial Reporting Council, and Research Committee sent a comment letter to the National Oceanic and Atmospheric Administration (NOAA), strongly...

CPC Comments on ASOP No. 39

The Casualty Practice Council (CPC) submitted comments on the exposure draft of Actuarial Standard of Practice (ASOP) No. 39, Treatment of Catastrophe or Extreme Event Losses in Future Cost...

Cyber Risk Toolkit: SEC Cybersecurity Disclosure Requirements and Related Directors & Officers Liability Risks

"SEC Cybersecurity Disclosure Requirements and Related Directors & Officers Liability Risks,” the latest release in the Cyber Risk Toolkit, details how the United States Securities and...

Practice Councils Comment to NAIC’s New RBC Model Governance Task Force

Vice presidents of the Academy’s Casualty Practice Council, Health Practice Council, Life Practice Council, and Risk Management and Financial Reporting Council provided comments to the NAIC’s...

COPLFR FAQs Document Addresses Wildfires Issues

A new document from the Committee on Property and Liability Financial Reporting (COPLFR) addresses issues raised by the recent Los Angeles wildfires. The Supplement to the 2024 COPLFR Practice...

Statements of Actuarial Opinion On Property and Casualty Loss Reserves (2024)

The Committee on Property and Liability Financial Reporting's practice note on Statements of Actuarial Opinion on P/C Loss Reserves (2024), including discussion regarding changes in the NAIC Annual...

Issue Brief on Considerations for Handling Auto Insurance Data in the Era of COVID-19

The Automobile Insurance Committee's issue brief on considerations that might be made by actuaries and regulators overseeing automobile insurance in the interim period where the duration, size of...

Academy Presents to NAIC P&C Committee on Equity and Fairness

Senior Casualty Fellow Rich Gibson presented to the NAIC Antifraud (D) Task Force at their recent meeting in Denver on the P&C Committee on Equity and Fairness' recently published issue...

CPC Provides Insights to California on Terminology

The Casualty Practice Council (CPC) submitted comments regarding the California Department of Insurance’s Notice of Proposed Rulemaking on Catastrophe Modeling and Ratemaking. Specifically, the...

PCCEF Releases Issue Brief on Insurance Fraud

The P/C Committee on Equity and Fairness (PCCEF) released an issue brief, Insurance Fraud: Impacts on Premiums, Claim Costs, and the Public. The brief discusses regulatory actions to prevent and...

Committee Comments to FEMA

The Extreme Events and Property Lines Committee submitted comments to the Federal Emergency Management Agency on their RFI on the redesign effort of the National Flood Insurance Program’s...

COPLFR Requests Clarification on 2024 Regulatory Guidance

The Committee on Property and Liability Financial Reporting (COPFLR) asked the NAIC's Actuarial Opinion Working Group for clarification on 2024 regulatory guidance pertaining to immaterial...

New Paper Examines Climate Events and Their Effects on Various Populations

The Climate Change Joint Committee released an issue paper, Climatic Events, Inequities, and Risk Mitigation. The paper focuses on the cause-and-effect relationship that different climatic events...

Climatic Events, Inequities, and Risk Mitigation

The Climate Change Joint Committee released an issue paper, Climatic Events, Inequities, and Risk Mitigation. The paper focuses on the cause-and-effect relationship that different climatic events...

P/C Equity & Fairness Committee Comments to DISB

P/C Committee on Equity and Fairness sent a comment letter to the District of Columbia Department of Insurance, Securities and Banking (DISB) on the DISB’s recently released draft market conduct...

Climate Change Joint Committee Present at SOA Health Conference

Members of the Climate Change Joint Committee presented at the SOA Health Conference. The session explored various climate equity-related considerations for actuaries, including an introduction to...

CPC Presentation at CAS Spring Meeting

Academy Casualty Policy Analyst Rob Fischer, Senior Fellow Rich Gibson, and Will Davis of the South Carolina Department of Insurance presented at the Casualty Actuarial Society's Spring Meeting on...

Committee Comments to California on Catastrophe Modeling

The P/C Extreme Events and Property Lines Committee submitted a comment letter to the California Department of Insurance in advance of the department’s public workshop on its draft regulation that...

Cyber Risk Committee Presentation at MAF

Members of the Committee on Cyber Risk presented during the Midwestern Actuarial Forum (MAF) on the Academy’s Cyber Risk Toolkit, highlighting recent work around cyber data, the state of the cyber...

Cyber Risk Committee Presentation at NAIC

Academy Senior Fellow Rich Gibson provided a brief overview of the Committee on Cyber Risk to NAIC’s Cybersecurity (H) Working Group. The presentation highlighted the cyber risk toolkit, including...