The Nominating Committee is now accepting petitions for candidates for three open Regular Director positions for the Class of 2015 on the Academy Board of Directors. Petitions are due by April 27. Read the March 22 member email for more details and links to additional information, including making nominations directly to the Nominating Committee.
Power outage notice: On Saturday, March 24, 2012, from 12:00 midnight until 12:00 noon, the Academy offices will be without power due to building-wide electrical maintenance. As a result, Academy email, listservs, and SharePoint sites will be unavailable. The Academy website, however, will remain online with the exception of the membership login page. All Academy systems will return to normal status when power is restored.
Member Alerts
Health Insurance: The U.S. House of Representatives passed a bill repealing the Independent Payment Advisory Board (IPAB). Log in to read the full alert.
Casualty Insurance: The U.S. House of Representatives passed a bill that would cap non-economic damages and make other changes to medical professional liability insurance law. Log in to read the full alert.
Upcoming Events
Post-NAIC Update/PBA (March 29): Panelists will review the NAIC Spring 2012 National Meeting and provide updates on progress on the principle-based approach for life reserves, AG 38, Contingent Deferred Annuities, ORSA, new simplified mortality assumptions for VM-20, and the activities of the Life Actuarial Task Force.
Website: New Postings
The Health Practice Council submitted a comment letter to the U.S. House of Representatives leadership on legislation that would repeal the IPAB, a part of the ACA.
The Medical Professional Liability Committee sent a letter to the U.S. House of Representatives leadership concerning a bill that would that would cap non-economic damages and make other changes to medical professional liability insurance law.
Media Coverage
‘Retirement Hell’ Forecast by Windsor-Based LIMRA
Courant.com (Hartford, Conn.), March 17, 2012
In a blog post on a report by LIMRA (formerly the Life Insurance Marketing and Research Association) on how ill-prepared younger baby boomers and Gen Xers will be for retirement, the Courant’s insurance reporter cited a 2011 Academy report that looked at retirement savings levels and purchase of annuities to manage longevity risk.
Note: Some links in this e-mail go to external websites and may require registration. The Academy is not responsible for the content of these websites. Links may expire.
PLEASE DO NOT REPLY TO THIS EMAIL. THIS EMAIL ADDRESS IS NOT MONITORED.
If you would like more information or to contact the Academy, please visit us at www.actuary.org/aboutus.asp
Sign up to follow the Academy on Twitter.
Rather not receive Academy emails? Unsubscribe by emailing membership@actuary.org.
1850 M Street NW • Suite 300 • Washington, DC 20036 • 202.223.8196 • www.actuary.org
Copyright 2012 American Academy of Actuaries. All rights reserved.