Contingencies, September/October 2019

In the September/October issue of Contingencies, the cover story, “Bugging Out,” explores the tug-of-war between antibiotics and pathogens. Click through for a hard-hitting feature on the costs and potential paths forward on drug-resistant “superbugs.” Other features include “Lead and Succeed”—advice for first-time personnel managers ... even veteran leaders may find some new wisdom worth applying; and “Calculating Despair,” on the costs—financial and societal—of drug abuse, alcoholism, and suicide.

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Task Force Submits Comment Letter Outlining Sensitivities to Longevity RBC Factors

The Longevity Risk Task Force submitted a comment letter to the NAIC Longevity Risk (A/E) Subgroup providing additional assumption sensitivities to the proposed longevity C-2 risk factors.

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Committees Submit Comments on Exposure Drafts of ASOP 27 and 35

The Pension Committee, Multiemployer Plans Committee, and Public Plans Committee submitted comments to the Actuarial Standards Board regarding exposure drafts of Actuarial Standard of Practice Nos. 27 and 35.

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This Week: Annual Meeting--Early Registration Deadline Next Week, Personal Finance Expert Jean Chatzky to Give Plenary Address; Contingencies Looks at 'Superbugs'

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.

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This Week, Sept. 2 - 6, 2019

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Read the latest news from the Academy.

Committee Releases Notes from Meeting with Treasury, PBGC, and DOL

The Multiemployer Plans Committee of the American Academy of Actuaries released notes from its March 2019 meeting with representatives of the U.S. Department of Treasury, the Pension Benefit Guaranty Corporation (PBGC), and the Department of Labor (DOL) pertaining to applications by plans in critical and declining status to suspend benefits or partition liabilities as permitted under the Multiemployer Pension Reform Act of 2014, withdrawal liability, mergers and transfers, and possible multiemployer pension reform legislation.

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Work Group Submits Comment Letter to NAIC on IUL Illustration Questions

The Life Illustrations Work Group submitted a comment letter to the NAIC IUL Illustration (A) Subgroup providing answers to questions on the illustrations of Indexed Universal Life products under AG 49.

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Subcommittee Comments to NAIC Health Risk-Based Capital Working Group

Health Solvency Subcommittee comments to the NAIC Health Risk-Based Capital (HRBC) Working Group in response to the HRBC Working Group comment letters received on the exposure of the Draft Bond Structure and Instructions.

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Professionalism Counts, August 2019

Courtesy and Cooperation—The courtesies actuaries extend to one another as professionals are an important element of the cooperation laid out in Precept 10 of the Code of Professional Conduct. (Actuarial Update, August 2019)