Polls will remain open until 11:59 p.m. ET on Sept. 2 and all Academy members (active as of July 14, 2011) are eligible to vote in this election. If you have not received an email (or paper) ballot, you may request a replacement ballot by emailing elections@actuary.org. For more information on the election, visit the Academy's Election Center. (August 31, 2011)
Due to the Friday's cancellation of the NAIC Summer 2011 National Meeting in Philadelphia, the Academy has cancelled the Post-NAIC Update/PBA webinar on Sept. 8. Registrants will receive a full refund within two weeks (in the same manner as paid). If you do not receive your refund within this time frame, please email Gabriel Swee at swee@actuary.org. (August 31, 2011)
Read this issue to learn about a recent court ruling on the individual mandate requirement in the Affordable Care Act and proposed rules relating to health exchanges and group health plans released by the Department of Health and Health and Human Services. (August 31, 2011)
Academy Public Interest Committee Chairperson Tom Terry sent a letter to House Ways and Means Social Security Subcommittee Chairman Sam Johnson and Ranking Member Xavier Becerra in response to follow-up questions from Terry's July 8 testimony on the Social Security retirement age. The letter addressed ways in which policymakers can boost incentives for older workers to work longer. (August 31, 2011)
The Life Financial Reporting Committee has exposed for comment a practice note, Optional Retrospective Application of ASU 2010-26 Acquisition Costs. The committee is accepting comments until Sept. 14, 2011. (August 31, 2011)
The Committee on Property and Liability Financial Reporting sent comments to the AICPA regarding its working draft of Audit and Accounting Guide Property and Liability Insurance Entities. (August 31, 2011)
Solvency Committee comments to the International Association of Insurance Supervisor (IAIS) on its concept paper, Common Framework for the Supervision of Internationally Active Insurance Groups. These comments further address the methods of operating group-wide supervision of internationally active insurance groups. (August 31, 2011)
The ERM Committee submitted comments to the NAIC on its Own Risk and Solvency Assessment (ORSA) Guidance Manual supporting its view that the manual offers ORSA guidance which focuses on the most fundamental components of a strong ERM framework. (August 31, 2011)
The Medicare Steering Committee released a new issue brief that summarizes the key cost, access, and quality issues associated with some of the Medicare-related provisions in the various debt and deficit reduction proposals. (May 31, 2011)
Actuary Kevin Bingham, who co-authored "Product Recall: Covering Your Bottom Line" in the March/April 2011 issue of Contingencies, highlights the risk of a product recall and how to plan for it in the Academy's newest YouTube video. Watch it now on the Academy's YouTube channel. (August 31, 2011)
In a letter to the U.S. Treasury Department, Academy President Mary Frances Miller urged Treasury officials to ensure that the proposed Federal Advisory Committee on Insurance includes individuals with direct actuarial expertise. (August 02, 2011)
Read about issues that affect pension actuaries and the Academy's work to advance sound pension policy in the latest edition of the Enrolled Actuaries Report. (August 31, 2011)
Academy President Mary Frances Miller introduced a joint letter from the presidents of the U.S.-based actuarial organizations regarding a proposal to make improvements to the profession's discipline process in the United States. The joint letter introduced new resources for members to learn more about the proposal, including a working draft of a proposed agreement on joint discipline and an updated set of questions and answers related to the proposal. (August 31, 2011)
Read President Mary Frances Miller's message to Academy members announcing dates of the online balloting for Academy elections, the slate of candidates for open Regular Director positions to be voted on by the membership, the slate of candidates for presidential officers and vice presidents to be voted on by the Board of Directors, and the bylaws amendments to be voted on by the membership. (August 31, 2011)
Read about the Academy's recent activities in the latest edition of the Actuarial Update. (July 31, 2011)
