Join the Academy and the Casualty Actuarial Society on Feb. 14 for this timely webinar on key considerations related to the risk of material adverse deviation (RMAD) disclosure required of appointed actuaries providing statements of actuarial opinion on property/casualty loss and loss adjustment expense reserves in the United States. Attendees will learn why RMAD disclosure exists and how to establish a materiality standard, evaluate whether there is an RMAD, and document their findings. Register today! (February 01, 2013)

The Academy's Large Group Medical Business Practice Note Work Group has released for a 60-day comment period an updated practice note relating to Large Group Medical Business. (January 24, 2013)

Presenters will provide health actuaries with information on the relationship between Medicare provider payment rates and those for private insurance. This information is important for understanding how any changes in Medicare provider payment rates could affect private plans. Projecting the effects of moving Medicare to a premium support program also requires the consideration of this key issue. Register today! (February 19, 2013)

The 2012 Academy Legislative/Regulatory Review details significant legislative and regulatory activities affecting the actuarial profession, as well as the Academy’s work on these issues. The review notes that while the presidential election dominated the news, the Academy’s nonpartisan work also covered several high profile issues including health care reform implementation, lifetime income, and principle-based reserves for life insurance. Members can log in to read the full alert. (January 15, 2013)

The Academy's Health Practice Council sent a letter to President Obama and congressional leaders urging them to appoint an actuary to the new Commission on Long-Term Care that was enacted as part of the American Taxpayer Relief Act of 2012. Read the news release. (January 14, 2013)

The Academy wrote a letter to The New York Times in response to an op-ed that questioned whether longevity risk was posing new problems for Social Security and if actuaries had taken this into account. In the letter, the Academy said Social Security actuaries assess longevity rates as well as other factors regularly. The larger issue, however, is that the president and Congress should address now Social Security’s long-term solvency. (January 09, 2013)

The Health Care Receivables Factors Work Group submitted a updated proposal to the NAIC's Health Risk-Based Capital Working Group providing recommendations for receivables factors in the current RBC formula.  (January 08, 2013)

The Health Care Receivables Factors Work Group submitted a revised proposal to the NAIC's Health Risk-Based Capital Working Group providing recommendations for receivables factors in the current RBC formula.  (January 07, 2013)

The Individual and Small Group Market Task Force submitted comments to CMS on the EHB components of the proposed rule, Standards Related to Essential Health Benefits, Actuarial Value, and Accreditation. (December 21, 2012)