P/C Extreme Events and Property Lines Committee

P/C Extreme Events and Property Lines Committee

This committee identifies possible extreme events (low frequency-high severity events that could generate extremely large property/casualty losses). The committee also identifies issues relevant to the treatment of such risks including sizing, insurability, pricing, funding, reserving, capital management, and loss mitigation. Included in the committee's charge is monitoring of federal and state catastrophe legislation and interaction with the NAIC on these issues.

Related Publications

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...
Topics: Casualty
Date Published: 09/09/2024
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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...
Date Published: 04/23/2024
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Committee Comments to California Department of Insurance

The P/C Extreme Events and Property Lines Committee submitted a comment letter to the California Department of Insurance for the Department's upcoming public workshop on Catastrophe Modeling and...
Topics: Casualty
Date Published: 07/12/2023
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Comment Letter to the Senate Banking, Housing and Urban Affairs on NFIP

Comment Letter to the Senate Banking, Housing and Urban Affairs on NFIP
Topics: Casualty
Date Published: 06/17/2022
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Insurance Linked Securities and Catastrophe Bonds Issue Paper

The Academy's Extreme Events and Property Lines Committee published a paper, Insurance Linked Securities and Catastrophe Bonds, a public policy issue paper.
Topics: Public Policy
Date Published: 06/14/2022
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ILS Issue Paper Released

The Academy's Extreme Events and Property Lines Committee published a paper, Insurance Linked Securities and Catastrophe Bonds, a public policy issue paper.
Date Published: 06/14/2022
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Comment Letter to the Housing, Community Development, and Insurance Subcommittee on NFIP

Extreme Events Committee comments to the House Financial Services Subcommittee on Housing, Community Development, and Insurance on the committee's proposed reauthorization and reforms of the...
Date Published: 05/24/2022
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Wildfires Issue Paper Released

The Academy's Extreme Events and Property Lines Committee published a new document, Wildfire: An Issue Paper—Lessons Learned from the 2017-2021 Events.
Date Published: 01/27/2022
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Flood Insurance Monograph Updated

Updated monograph on the National Flood Insurance Program and related issues, with new data from the 2019 hurricane season. 
Date Published: 09/30/2020
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Casualty Practice Council Comments on Pandemic Risk Proposal

The Casualty Practice Council commented on H.R. 7011, a proposal to facilitate expansion of Business Interruption coverage to include future pandemic events. 
Topics: Casualty
Date Published: 06/26/2020
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Academy Fellow Discusses Actuaries Climate Index

Academy senior casualty fellow Rich Gibson presented an update on the Actuaries Climate Index and the Actuaries Climate Risk Index at the Casualty Actuarial Society's spring national meeting.
Date Published: 05/12/2020
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Committee Answers Questions About Wildfires

The Extreme Events and Property Lines Committee responded to the NAIC's Catastrophic Risk Subgroup's request for additional information about wildfires.
Topics: Casualty NAIC
Date Published: 01/07/2020
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Wildfire Presentation to the NAIC

Presentation on Wildfires: Lessons Learned, to the NAIC’s P/C RBC Committee’s Catastrophe Risk Subgroup.
Topics: NAIC
Date Published: 12/06/2019
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Casualty Council Comments to U.S. House on Terrorism Risk Insurance

The Casualty Practice Council's comment letter to the U.S. House Committee on Financial Services regarding reauthorization of the Terrorism Risk Insurance Act. A similar letter was sent to the U.S....
Topics: Casualty
Date Published: 10/22/2019
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Casualty Council Comments to U.S.Senate on Terrorism Risk Insurance

The Casualty Practice Council's comment letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs regarding reauthorization of the Terrorism Risk Insurance Act. A similar letter was...
Topics: Casualty
Date Published: 10/22/2019
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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
Date Published: 06/21/2019
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Academy Speakers Describe Actuaries Climate Index

Academy representatives described the Actuaries Climate Index and the proposed Actuaries Climate Risk Index at a meeting of the Casualty Actuaries of Greater New York
Date Published: 05/23/2019
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Casualty Practice Council Comments on Pandemic Reinsurance Proposal

The Casualty Practice Council comments on the proposed Pandemic Risk Reinsurance Program being considered by the U.S. House of Representatives Financial Services Committee.
Date Published: 05/11/2019
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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
Date Published: 07/24/2018
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Questions for Regulators as Private-Sector Flood Insurance Grows

Extreme Events & Property Lines Committee questions for regulators on private flood insurance, focusing on regulatory issues for consideration as flood insurance coverage moves from a federal program...
Topics: Casualty NAIC
Date Published: 07/19/2018
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