The Catastrophe Risk Subcommittee of the P/C Risk-Based Capital (RBC) Committee submitted comments to the NAIC’s Catastrophe Risk Subgroup on the proposal to revise the calculation of catastrophe risks R6 and R7 for the 2015 reporting year. (June 12, 2015)

Members of the Life Practice Council and Academy Senior Life Fellow Nancy Bennett gave a presentation to the Treasury Department's Office of Financial Research (OFR) on stress testing of U.S. life insurers. The open-ended dialogue provided OFR staff an overview of how U.S. life insurers and regulators use stress testing, including how insurer stress testing differs from bank stress testing. (June 12, 2015)

In the June issue of HealthCheck, read about the Academy’s new issue brief which examines various proposals put forward by policymakers in response to the possibility of a Supreme Court decision in King v. Burwell that rules that Affordable Care Act (ACA) subsidies are not available to individuals in states participating in the federally facilitated marketplace. Also in this issue, read the Centers for Medicare & Medicaid Services (CMS) proposed new rule, the Republican Study Committee's repeal-and-replace plan for the ACA, and see the widespread media attention received by the Academy's health care analysis. (June 10, 2015)

The Financial Reporting Committee’s Profits Followed by Losses Subgroup released a practice note on accounting for profits followed by losses in long-duration contracts. (June 10, 2015)

The Health Care Cost Work Group published an issue brief addressing health care cost growth in Medicare by providing a framework for understanding and evaluating the options for reforming Medicare and their potential effects on cost growth, quality of care, and access to care. (June 05, 2015)

The Intersector Group released notes of its April 2015 meeting with the Pension Benefit Guaranty Corporation.   (June 02, 2015)

The Intersector Group released notes of its April 2015 meeting with the Treasury Department and Internal Revenue Service.  (June 02, 2015)

In this month’s Actuarial Update, the Actuarial Standards Board will hold a public hearing on the need for new or revised actuarial standards of practice (ASOPs) applicable to actuarial work regarding public pension plans. Also in this issue: the Academy’s Health Practice Council has released a new issue brief on the implications of proposed changes to the Affordable Care Act in light of the looming Supreme Court decision on King v. Burwell; a well-received webinar discussed members’ perceived issues raised in the Academy’s first-ever ethics report; and register now for the Casualty Loss Reserve Seminar and the Life and Health Qualifications Seminar. (June 02, 2015)

Ellen Kleinstuber, vice-chairperson of the Academy’s Pension Committee, testified at an ERISA Advisory Council hearing on model notices and disclosures to help defined benefit plan participants understand their options when offered lump-sum distributions in a pension risk transfer transaction. (May 28, 2015)

The Health Practice Council (HPC) published an issue brief that examines the approaches included in various proposals that policymakers are considering before the Supreme Court decision in King v. Burwell. The court could decide that federal premium subsidies are not available for individual market plans in states participating in the federally facilitated marketplace. (May 28, 2015)

The RBC Catastrophe Risk Subcommittee submitted a comment letter to the NAIC’s Catastrophe Risk (E) Subgroup on revised Form PR026 for the 2015 reporting year. (May 22, 2015)