The Stress Testing Work Group submitted a comment letter to the NAIC Stress Testing (E) Subgroup regarding their stress testing proposal as an outline for field testing of life insurance reserves. (January 30, 2015)
The American Academy of Actuaries is currently seeking to fill the position of Senior Pension Fellow. Please click here for more information and details on how to apply. (January 29, 2015)
The Academy published a new Essential Elements paper, Climate Change, on the increased losses borne by businesses, homeowners, and insurers caused by hurricanes, severe storms, tornadoes, and other weather-related events. The Essential Elements series is designed to make actuarial analyses of public-policy issues clearer to general audiences. (January 29, 2015)
The Life Capital Adequacy Committee (LCAC) sent a comment letter to the NAIC Life Risk-Based Capital (E) Working Group regarding exposure drafts related to the XXX/AXXX reinsurance framework. (January 29, 2015)
Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (January 23, 2015)
The Academy issued a news release Tuesday calling on the president and the 114th Congress to commit to a focus on addressing the needs of an aging America, including retirement security and lifetime income, health care and long-term care for the elderly, and public programs such as Social Security and Medicare. (January 20, 2015)
Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (January 16, 2015)
Janet Barr, former chairperson of the Academy’s Social Security Committee, submitted post-hearing testimony to the U.S. Senate Committee on Finance following its hearing on “Social Security: Is a Key Foundation of Economic Security Working for Women?” (January 15, 2015)
In this month’s HealthCheck, read about a letter the Academy’s Risk Sharing Work Group submitted to the U.S. Department of Health and Human Services on a proposed rule on benefit and payment parameters for 2016, Academy updates to the NAIC, health insurance implications of the recently signed omnibus spending bill, and more. (January 14, 2015)
Pension Practice Council (PPC) sent a letter to Treasury Department regarding the benefits of allowing qualified defined benefit pension plans to provide longevity annuities directly, rather than requiring them to purchase an insurance contract. (January 14, 2015)
Pension Committee sent a comment letter to the PBGC regarding interpretation of plan provisions governing actuarial equivalence. (January 13, 2015)
The United States Department of Labor (DOL) is asking for Academy members’ help in updating the description of an “actuary” on O*NET (Occupational Information Network), the DOL online occupation database. O*NET is the primary public source for occupational information and provides information about the skills, tasks, work context, and knowledge requirements for 900+ occupations in the U.S. Eligible Academy members have received an email invitation with instructions on how to volunteer from Academy President Mary D. Miller. (January 13, 2015)
Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (January 09, 2015)
On January 7, the Academy filed an Opposition to the lawsuit served against the Academy by Mark Freedman, former president of the SOA. So that our members may be kept informed, we are posting our Opposition filing to Mr. Freedman’s Motion for Preliminary Injunction here. (January 09, 2015)
