The March Actuarial Update covers the testimony of Josh Shapiro, Academy vice president, pension, before a House subcommittee this month, and the Health Practice Council’s annual visits to Capitol Hill to meet with federal legislators and policymakers about recent Academy health publications and related health policy discussions. The issue also includes a preview of next month’s interesting professionalism webinar on ethical decision-making and a “Professionalism Counts” column on how actuarial clubs and other groups can utilize the Academy’s speakers bureau. (March 29, 2019)

The Academy’s Senior Property/Casualty Fellow Rich Gibson testified March 25 before the District of Columbia’s Department of Insurance, Securities and Banking on the use of predictive modeling in setting auto insurance rates. Read the full testimony. (March 25, 2019)

The Academy's senior casualty fellow, Rich Gibson, presented testimony on predictive modeling at a hearing on automobile insurance held by the District of Columbia's Department of Insurance, Securities and Banking. (March 23, 2019)

The Academy’s senior casualty fellow, Rich Gibson, gave a presentation on the Actuaries Climate Index at Tulane University’s conference on environmental law. (March 23, 2019)

The ABCD released its 2018 Annual Report. Last year the ABCD handled 148 cases, comprised of 109 requests for guidance (RFGs) and 39 inquiries, in line with the previous year. It received 13 inquiries and closed 22 inquiry cases. Of the closed inquiry cases, 13 were dismissed, seven resulted in counseling, and two were resolved with a recommendation for discipline. (March 22, 2019)

Registration is open for the Academy’s first professionalism webinar of 2019, “Promoting Ethical Decision-making: Rules, the Human Brain, and Unconscious Biases,” which will be held on Thursday, April 18. The webinar will feature an engaging discussion with a professor of business law and ethics who focuses on the fundamentals of behavioral decision-making and unconscious biases and how they affect judgment. Register today. (March 21, 2019)

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. (March 22, 2019)

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. (March 15, 2019)

The Premium Review Work Group sent comments on the recently released final Unified Rate Review Template (URRT) and Instructions. (March 12, 2019)

The March HealthCheck covers the Health Practice Council’s annual visits to Capitol Hill to meet with federal lawmakers and policymakers about health issues including two recent HPC publications on expanding access to public insurance plans, and Medicare and long-term care insurance. Topics including telehealth, Medicare Part D, and surprise billing also were discussed in many of the meetings. Also covered in this issue: Centers for Medicare & Medicaid Services’ regulatory and budgetary actions, and state and federal legislative, judicial, and regulatory activity. (March 13, 2019)

The Life Illustrations Work Group submitted a comment letter to the NAIC's IUL Illustration (A) Subgroup, addressing questions raised regarding the illustrations of Indexed Universal Life (IUL) products under Actuarial Guideline 49.  (March 07, 2019)

Academy Pension Vice President Josh Shapiro testified March 7 before the House Subcommittee on Health, Employment, Labor, and Pensions, providing written and oral testimony with a nonpartisan, objective, actuarial focus on the increasing financial risks facing some multiemployer plans and the PBGC’s multiemployer program. (March 06, 2019)