The winter issue of The Retirement Report includes a Q&A with Pension Committee Vice Chairperson Elena Black on some of the committee’s key issues and output including comments on actuarial standards of practice, issue briefs on timely topics including COVID-19, and practice notes. Also in the issue, a preview of next month’s webinar on Social Security, and an update on recent legislative and regulatory activity. (February 24, 2021)
The Health Solvency Subcommittee sent a comment letter in response to a request from the NAIC’s Health Risk-Based Capital (E) Working Group to further analyze the impact of incorporating investment income into the existing underwriting risk factors within the health risk-based capital formula. (February 22, 2021)
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. (February 19, 2021)
Senior Casualty Fellow Rich Gibson participated in a virtual panel discussion Monday at the National Conference of State Legislatures’ Executive Committee Task Force on insurance regarding business interruption coverage. Gibson provided a perspective on actuarial considerations important to the success of any future public or private program designed to support coverage. (February 15, 2021)
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. (February 12, 2021)
The Health Practice Council submitted a comment letter to the Department of the Treasury, the Department of Labor (DOL), and the Department of Health & Human Services (HHS), on review of agency actions related to the Affordable Care Act and Medicaid, as put forward in a recent presidential executive order. The letter provides references to previous Academy comment letters to agencies regarding relevant proposed rules. (February 12, 2021)
The Individual and Small Group Markets Committee and the Active Benefits Subcommittee submitted comments to the Department of the Treasury, the Department of Labor (DOL), and the Department of Health & Human Services (HHS), on insurance and health plan coverage of COVID-19 testing, as put forward in a presidential executive order, Establishing the COVID-19 Pandemic Testing Board and Ensuring a Sustainable Public Health Workforce for COVID-19 and Other Biological Threats. (February 11, 2021)
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. (February 05, 2021)
The Winter Life Perspectives covers the Life Practice Council’s January webinar that reviewed key 2020 life issues and looked ahead to life-practice issues in the new year. Also in the issue, the Variable Annuity Reserves & Capital Work Group’s new VM-21 practice note supplement; a recap of the Academy’s Life & Health Qualifications Seminar and life sessions from the Annual Meeting & Public Policy Forum; LPC presentations to the National Association of Insurance Commissioners and the National Council of Insurance Legislators; the Life & Health Valuation Law Manual is available for purchase; and recent legislative and regulatory activity. (February 04, 2021)
The Life Practice Council's Variable Annuity (VA) Reserves and Capital Work Group released an exposure draft of its VM-21 Practice Note Supplement, Implementation of Requirements for Principle-Based Reserves for Variable Annuities – 2021 Edition of VM-21. The comments on the exposure draft are due to the Academy by April 30, 2021, and can be sent to lifeanalyst@actuary.org. (February 03, 2021)
Academy President Tom Campbell sent a letter of recommendation to the U.S. Department of Health and Human Services for Annette James, chairperson of the Academy’s Health Equity Work Group, as a candidate for appointment to the COVID-19 Health Equity Task Force as put forward in a presidential executive order, Ensuring an Equitable Pandemic Response and Recovery. (February 01, 2021)
This “Professionalism Counts” column covers reliance as a matter of responsibility. (January 29, 2021)
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 29, 2021)
The January Actuarial Update features the Academy-published book, The Magic School Bus Takes a Risk: A Book About Probability, back by popular demand. It offers grade-school-age children, including traditionally underrepresented groups, an introduction to the actuarial profession, showing how math can take them on amazing journeys. Also in the issue: the Academy offered its expertise on public policy issues to new members of Congress, key Biden administration officials, and state insurance commissioners; life and P/C law manuals are available for purchase and immediate download; life and P/C webinars covered key issues in the new year; a new issue brief on LTC insurance and COVID-19; and the “Professionalism Counts” column covers reliance as a matter of responsibility. (January 29, 2021)
The ERM/ORSA Climate Risk Disclosures Work Group Chair, Michelle Young, and Academy Assistant Director for Research, Steve Jackson, shared an update to the NAIC Climate Risk and Resiliency (EX) Task Force on the Climate Risk Disclosures Survey Analysis project. (January 27, 2021)
