Casualty VP Mike Angelina presented an actuarial perspective on the future of the National Flood Insurance Program following the 2012 passage of the Biggert-Waters Flood Insurance Reform Act to state legislators at the National Conference of Insurance Legislators Summer Meeting. (July 11, 2013)
Read about the Academy’s response to the Medicare Trustees Report, a new white paper from the Health Practice Financial Reporting Committee, new HHS final rules, and Academy experts in the news. (July 10, 2013)
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. (July 05, 2013)
The Academy’s Nominating Committee has selected four excellent candidates for the upcoming regular director election by members, which will be held online from Aug. 26 through Sept. 16. The candidates are: Thomas Campbell, Albert Beer, Audrey Halvorson, and Annie Voldman. Click here to read Academy President Cecil Bykerk’s announcement, or visit the Academy Board Election Center for the latest updates. (July 03, 2013)
Read about the Academy’s Capitol Hill briefing on lifetime income risk, professionalism web events, testimony before the PBGC, and more! (July 03, 2013)
Read about the insurance career of modernist composer Charles Ives, the perilous state of the National Flood Insurance Program, how predictive models failed to foresee the mortgage meltdown, and much more. (July 01, 2013)
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. (June 28, 2013)
Read about Enrolled Actuaries Meeting sessions; the lifetime income risk discussion paper; testimony before the PBGC on a rule reducing reporting requirements; and more stories about the Academy’s pension activities. (June 28, 2013)
The Health Practice Financial Reporting Committee released a new white paper providing an overview of provisions in the Affordable Care Act - the premium-stabilization programs, new taxes and fees, advanced payments, and existing actuarial liabilities - that may create a certain amount of volatility on future financial statements. (June 25, 2013)
The Academy hosted a briefing on the need for retirees to secure a lifetime income. The briefing, "Risky Business: Living Longer Without Income for Life," coincides with the June 19 release of the Lifetime Income Risk Joint Task Force’s discussion paper. The Academy briefed policy makers on how improved life expectancy affects planning for retirement; the challenges to ensuring lifetime income; and potential solutions to the risk of outliving one's income, including emphasizing financial literacy and education, refocusing retirement plan design, and developing policies that support lifetime income needs. (June 27, 2013)
The Extreme Events Committee submitted comments to the Federal Insurance Office on the current state of the market for natural catastrophe insurance. (June 24, 2013)
The U.S. Government Accountability Office (GAO) is looking for credentialed actuaries from any practice area to fill two open Senior Actuary positions. The deadline for application is July 19, 2013. Click here to learn more and how you can apply. (June 24, 2013)
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. (June 21, 2013)
The American Academy of Actuaries will host a June 27 Capitol Hill briefing that will examine the financial risks of increased lifespans, and the need for retirees to secure lifetime income. The Academy’s Lifetime Income Initiative is part of its continuing effort to provide objective, unbiased information to serve the public and the United States actuarial profession. (June 20, 2013)
The Medicare Steering Committee submits written testimony to the House Ways and Means Subcommittee on Health regarding a hearing on the 2013 Medicare Trustees Report. (June 20, 2013)
