PBGC Director Reeder to Speak at Annual Meeting and Public Policy Forum
Tom Reeder, director of the Pension Benefit Guaranty Corp. (PBGC), will kick off the Academy’s Annual Meeting and Public Policy Forum as the opening session keynote speaker on Nov. 3. Joining the growing lineup of public policy experts, Reeder will provide perspectives on the strengths of and key challenges facing the PBGC, the agency that protects the pension benefits of more than 40 million Americans in private-sector pension plans. The meeting and forum will take place Nov. 3-4. Register now and save. Early registration rates continue through Aug. 1.
Volunteers Wanted for New Travel Insurance Task Force
The Casualty Practice Council (CPC) is seeking a few good volunteers for a new task force to look at the issue of travel insurance. Travel insurance is a policy area that has potential implications for a number of the Academy’s practice areas and will be a subject of interest at the NAIC over the next year. As such, the CPC wants to recruit actuaries who have experience with or an interest in the property/casualty aspects of travel insurance, as well as health insurance components including overseas health insurance and/or emergency medical evacuation coverage. Interested volunteers should contact Marc Rosenberg, the Academy’s senior P/C analyst, at rosenberg@actuary.org.
Senior Health Fellow Uccello Speaks at Alliance Briefing
System Upgrade to Affect Actuarial eLearning Center Sunday and Monday
A system upgrade will be performed on the Actuarial eLearning Center on July 17-18, rendering it unavailable from noon EDT on Sunday, July 17, until 2 p.m. EDT on Monday, July 18. Visitors attempting to access the Actuarial eLearning Center during this upgrade period will receive a maintenance notice from the host.
HealthCheck, PBA Perspectives Released
The July issue of HealthCheck covers the Medicare Subcommittee’s issue brief on Medicare’s financial condition, the Academy’s webinar looking at principle-based reserve modeling for long-term care insurance, and outlines recent legislative and regulatory updates.
The summer issue of PBA Perspectives covers the NAIC’s June affirmation that legislation adopted by 45 states was “substantially similar” to the NAIC’s model Standard Valuation Law, and includes a preview of September’s PBR Boot Camp.
Upcoming Events
ORSA Webinar Next Wednesday: The ERM/ORSA Committee will host an interactive webinar, “Putting a Price on Risk: Quantifying Risk Exposures for ORSA Reports,” next Wednesday, July 20, from noon to 1 p.m. EDT. Members of the committee’s Risk Exposures Subgroup will provide an overview of the recently released practice note, Quantifying Risk Exposures for Own Risk and Solvency Assessment Reports. Register today.
Capitol Forum Webinar on Driverless Cars and Insurance: Join the Academy on July 27 from noon to 1 p.m. EDT for the webinar, “Driverless Cars Are Here: Implications for Policy and Insurance.” Prominent federal and state regulators will discuss recent and next-generation advances in technology and safety systems, lessons learned from road tests, regulatory issues to be resolved, expected changes in accidents and claims, and more. Register now.
Registration Continues for P/C Opinion Seminar: The 2016 “Seminar on Effective P/C Loss Reserve Opinions” will be held Dec. 6-7 in Chicago. Actuaries who prepare or sign NAIC annual statement actuarial opinions on P/C loss reserves, or those who assist in preparing them, should plan to attend this seminar. Register today.
The Department of Labor, the Department of the Treasury, and the PBGC issued a notice of proposed revisions on Monday regarding Form 5500.
Treasury’s Federal Insurance Office released a notice on Wednesday announcing the adoption of a new methodology for monitoring the affordability of automobile insurance.
In the News
A Motley Foolcolumn, also featured on Fox Business, Lincoln Journal Star (Neb.), and other media outlets, references the Academy’s analysis of the effect of eliminating the taxable maximum limit on annual earned income on the long-term financial outlook of Social Security. An analyst on Wichita KNSS-AM’s “Moneytracker” news/talk radio show also used the Academy’s analysis to frame a discussion of “fixing Social Security.” (The Academy is mentioned at the 8-minute mark.)
The Center on Budget and Policy Priorities report, What the 2016 Trustees’ Report Shows About Social Security, also cited the Academy’s previous work on Social Security financing.
HealthPayerIntelligence interviewed Michael Thompson, chairperson of the Academy’s Medicare Subcommittee, for an actuarial perspective on the challenges facing Medicare’s long-term sustainability. Thompson’s comments expand on the Academy’s issue briefMedicare’s Financial Condition: Beyond Actuarial Balance, released last month after the Medicare Trustees Report was made public.
The Academy was mentioned in a Repairer Driven News story on the Treasury Department’s announcement of the Federal Insurance Office’s methodology for monitoring the affordability of auto insurance.
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