The Solvency Committee submitted comments to the Federal Insurance Office regarding its Study on the Insurance Capital Standard (ICS).

The Health Solvency Subcommittee sent a comment letter in response to a request from the NAIC’s Health Risk-Based Capital (E) Working Group providing additional detail regarding the potential investment income adjustment factor for Health H2 Experience Fluctuation Risk.

The Casualty Practice Council filed comments on the Actuarial Standards Board exposure draft, Using Models Outside the Actuary's Expertise (Property and Casualty).

Members of the Financial Reporting Committee submitted fatal flaw comments to the American Institute of Certified Public Accountants (AICPA) regarding Issues 3 & 4CD (market risk benefits) as part of ongoing discussions at the Insurance Experts Panel.

The latest issue of Casualty Quarterly leads with a Q&A with Casualty Vice President Lauren Cavanaugh on the Casualty Practice Council’s recent letters and testimony addressing race and insurance issues to both the National Association of Insurance Commissioners and National Council of Insurance Legislators. Also in the issue, the Committee on Property and Liability Financial Reporting released new FAQs on COVID-19, the Academy submitted testimony to the U.S. House of Representatives on pandemic insurance, the Cyber Risk Task Force sent a comment letter to the U.S.