On Friday, Feb. 13, 2015, the Academy filed this latest Reply in support of our Motion to Dismiss the lawsuit filed by SOA Past President Mark Freedman seeking to halt the Actuarial Board for Counseling and Discipline (ABCD) from considering complaints against him, as initially reported in the December 2014 issue of Actuarial Update. (February 18, 2015)

In this month’s HealthCheck, read about legislation that could change the who is considered a full-time employee under the Affordable Care Act, the final 2016 Actuarial Value (AV) calculator, and the Congressional Budget Office’s federal budget projections through 2025. (February 13, 2015)

The Academy is seeking a senior property and casualty fellow to help communicate the Academy’s message on casualty actuarial issues to the public and to public policymakers. The senior property and casualty fellow interacts directly with federal and state regulatory and legislative officials, other public policy stakeholders, and the media on property and casualty insurance topics. Please click here for more information and details on how to apply. (February 06, 2015)

The Solvency Committee submitted comments to the International Association of Insurance Supervisors on the Risk-based Global Insurance Capital Standard public consultation document dated Dec. 17, 2014. (February 06, 2015)

The Casualty Practice Council submitted comments to the Actuarial Standards Board on an exposure draft of a proposed Actuarial Standard of Practice on Property/Casualty Ratemaking. (January 31, 2015)

The Casualty Practice Council submitted comments on the Casualty Actuarial Society’s statement of principles on P&C ratemaking exposure draft. (January 31, 2015)

The Pension Committee sent a comment letter regarding potential improvements in the operation of IRC Section 436 while still protecting the funded status of pension plans. (February 05, 2015)

The Pension Committee sent a comment letter to the IRS regarding the use of mortality tables to calculate pension funding requirements for the years after 2015. (February 05, 2015)

In this month’s Actuarial Update, read Vice President for Professionalism Ken Kent's article on why volunteers must commit to the Academy’s conflict of interest policy. Additional stories include a recap of 2014 legislative and regulatory changes relevant to actuarial work, links to the newly released 2014 Property/Casualty Loss Reserve and 2015 Life and Health Valuation law manuals, and a look at the role of the actuary in an Own Risk and Solvency Assessment. (February 04, 2015)

Committing on an annual basis to professional objectivity is required to perform volunteer work for the Academy. That’s why the Academy today emailed each volunteer a request to submit a conflict of interest (COI) acknowledgement and continuing education (CE) attestation. Interested parties must also acknowledge the COI policy. To comply, follow the instructions in the email or on the membership page under “COI and CE Acknowledgement.” Click here to read Vice President for Professionalism Ken Kent’s article in January’s Actuarial Update on why volunteers need to (and must) acknowledge the Academy’s conflict of interest (COI) policy. (February 02, 2015)