Academy Casualty Vice President Lauren Cavanaugh addressed the NAIC’s Special Committee on Race and Insurance, speaking to her prepared comments previously submitted, which covered actuarial guidance, disparate impact, and data quality. She recommended consideration of independent organizations to examine and certify third-party data for hidden biases, accuracy, and relevance. She also described for commissioners and regulators several actuarial standards of practice (ASOPs) relevant to actuarial practice in areas being looked at by the special committee.
( )The Academy’s Casualty Practice Council (CPC) and Committee on Property and Liability Financial Reporting (COPLFR) presented an update on CPC and COPLFR activity to the NAIC’s Casualty Actuarial and Statistical Task Force (CASTF), including pandemic risk insurance, workers’ compensation, automobile insurance, and cyber risk, and gave a preview of December’s Seminar on Effective P/C Loss Reserve Opinions.
( )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.
( )Presentation on Wildfires: Lessons Learned, to the NAIC’s P/C RBC Committee’s Catastrophe Risk Subgroup.
( )Senior P/C Fellow Rich Gibson presented on factors influencing automobile insurance rates at the National Council of Insurance Legislators’ summer meeting in Newport Beach, Calif.
( )Seminar on Predictive Modeling at the NAIC's Insurance Summit in Kansas City, Mo
( )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
( )Presentation by Academy senior casualty fellow, Rich Gibson, at Tulane University conference on environmental law regarding the Actuaries Climate Index.
( )Capitol Hill Briefing presentation based on the Flood Insurance Work Group's recent monograph, The National Flood Insurance Program: Challenges and Solutions.
( )Casualty Practice Council presentations on predictive modeling at a National Association of Insurance Commissioners’ Insurance Summit in Kansas City.
( )Presentation at NAIC’s Center for Insurance Policy and Research (CIPR) Symposium on “Implications for Increasing Catastrophe Volatility on Insurers and Consumers” that updates progress on the development of an Actuaries Climate Index and Actuaries Climate Risk Index.
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