The summer StateScan Quarterly highlights state legislation and regulation in the past quarter including casualty issues related to auto insurance and autonomous vehicles, flood and travel insurance, climate risk, and workers’ compensation; health issues including the individual market, Medicaid, and long-term care; and life insurance issues, public pension plans, and cross-practice issues, such as captive insurers and credit for reinsurance. For a comprehensive review, log in to StateScan, the legislative and regulatory portal free for Academy members. (June 27, 2018)

The Life Reserves Work Group submitted a revised APF to the NAIC on the aggregation of mortality segments for the purpose of determining credibility. (June 26, 2018)

The C1 Work Group submitted a comment letter to the NAIC Valuation of Securities Task Force on their proposal to add comprehensive instructions for fund investments to the Purposes and Procedures Manual.  (June 24, 2018)

The Long-Term Care & Disability Committee sent comments on proposed legislation to add a long-term care benefit to the Medicare program, evaluating in terms of financing, benefits, and coordination with other programs. (June 14, 2018)

The Social Security Committee released an issue brief on the 2018 Social Security Trustees Report that examines the social insurance program’s long-term solvency issues and recommends that Congress should act soon to improve the long-term financial outlook of the program. (June 21, 2018)

Academy President Steve Alpert presented a session titled “Why Professionalism?” to about 100 attendees at the Actuaries Club of Philadelphia’s meeting on May 15, and Actuarial Board for Counseling and Discipline member David Driscoll delivered a professionalism presentation at the May 22 meeting of the Actuaries’ Club of Hartford & Springfield, in Hartford, Conn. (Actuarial Update, May 2018) (May 30, 2018)

In “An SAO by Any Other Name,” Committee on Qualifications Chairperson Andrea Sweeny spells out why any actuary who is subject to the Code of Professional Conduct should clearly understand what a statement of actuarial opinion is. (Actuarial Update, May 2018) (May 30, 2018)

Commenting on the Department of Labor’s final rule on association health plans released today, Academy Senior Health Fellow Cori Uccello said, “Expanding the availability of AHPs can lead to increased insurance options and lower premiums for some consumers, but higher premiums for others.” Read the news release. (June 18, 2018)

The Summer Casualty Quarterly previews an Academy paper on catastrophe modeling in a Q&A with P/C Extreme Events and Property Lines Committee Chairperson Kay Cleary. Also in this issue, the Academy’s new Big Data monograph, a practice note and upcoming webinar on retained risk, and legislative and regulatory updates. (June 19, 2018)

The Medicare Subcommittee published an issue brief, Medicare’s Financial Condition: Beyond Actuarial Balance, on significant concerns about Medicare’s long-term financial health. (June 12, 2018)

In the June HealthCheck, the Academy released issue briefs June 13 on Medicare’s financial condition and on drivers for 2019 health insurance premiums. Also in this issue, Annual Meeting health session topics, the Academy’s new voter guides for the 2018 midterm elections, and legislative and regulatory updates. (June 12, 2018)