The Financial Regulatory Task Force sent comments to the Government Accountability Office (GAO) on its global capital standards report.

The Academy published its winter PBA Perspectives, a quarterly update on regulatory, legislative, and Academy activities surrounding the implementation of the Principle-Based Approach (PBA) for life insurance.

The Life Practice Council (LPC) submitted comments to the Actuarial Standards Board regarding an exposed Actuarial Standard of Practice (ASOP) on Principle-Based Reserves for Life Products.

The Risk Management and Financial Reporting Council sent comments to the Financial Stability Board (FSB) on the consultative document: Recovery and Resolution Planning for Systemically Important Insurers: Guidance on Identification of Critical Functions and Critical Shared Services.

The Life Products Committee(LPrC) submitted comments to the Actuarial Standards Board regarding an exposed Actuarial Standard of Practice (ASOP) on Life Insurance and Annuity Pricing.

The Committee on Property & Liability Financial Reporting (COPLFR) published an update of its paper, Overview for P/C Insurers' Audit Committees: Effective Use of Actuarial Loss Reserves Expertise.

Janet Barr, former chairperson of the Academy’s Social Security Committee, testified before the U.S. Senate Committee on Finance hearing on “Social Security: Is a Key Foundation of Economic Security Working for Women?” Read the written testimony and news release or watch the full hearing video.

The Solvency Committee sent comments to the National Association of Insurance Commissioners on the U.S. Group Capital Methodology Concepts Discussion Paper.

Casualty Practice Council sent letters to U.S. Senate and House leaders urging reauthorization of the Terrorism Risk Insurance Act (TRIA), which is set to expire on Dec. 31.

The Solvency Committee sent comments to members of the U.S. House of Representatives and the U.S. Senate in support of passage of the Insurance Capital Standards Clarification Act of 2014, which clarifies that the Federal Reserve has the authority to differentiate between banks and insurers in terms of capital requirements.

The Financial Reporting Committee submitted comments to the Financial Accounting Standards Board on its disclosure requirements for short duration contracts.

Mike Angelina, the Academy’s immediate past vice-president for casualty, made a presentation to the Casualty Actuarial and Statistical (C) Task Force (CASTF) at the Fall NAIC Meeting on the public policy implications raised by the practice of price optimization in ratemaking.

The Reinsurance Committee submitted comments to the International Accounting Standards Board on the Insurance Contracts Project's reinsurance and ceding commissions proposal.

The Solvency Committee submitted written testimony to the U.S. House Financial Services Subcommittee on Housing and Insurance hearing on "The Impact of International Regulatory Standards on the Competitiveness of U.S. Insurers, Part II."

The Individual Disability Work Group made a presentation to the NAIC’s Health Actuarial Task Force at the Fall NAIC National Meeting on the newly revised individual disability report and actuarial guideline.

Medicare Supplement Work Group made a presentation to the NAIC’s Health Actuarial Task Force on recommendations for potential modifications to the Medicare Supplement refund formula.

The Joint Board for the Enrollment of Actuaries (JBEA) has asked the Academy to alert its members that the JBEA is seeking applications from enrolled actuaries to serve on its Advisory Committee on Actuarial Examinations. The committee is responsible for reviewing, editing, and finalizing examination questions, reviewing statistical results of the examination, and other activities. The application period closes on Dec. 5.

The American Academy of Actuaries and Society of Actuaries Joint Project Oversight Group made a presentation to the NAIC Life Actuarial (A) Task Force on the development of the 2014 VBT and CSO tables.

The Deposit Fund Subgroup of the Annuity Reserves Work Group made a presentation to the NAIC Life Actuarial (A) Task Force on the subgroup’s proposal to modify regulations of synthetic guaranteed investment contracts (GIC).