The Casualty Practice Council sent a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs urging reauthorization and reform of the National Flood Insurance Program. Read the news release.
The Academy's Principle-Based Reserving Review Procedures Work Group submitted a comment letter to the NAIC's Financial Examiners Handbook Technical Group regarding the exposure of proposed changes to the Financial Condition Examiners Handbook.
Guest columnist Rachel Hemphill, chief systems actuary at the California Department of Insurance, writes the summer issue's lead column with an overview of predictive analytics from a regulatory perspective. Also in this issue, the Academy is hosting a post-NAIC webinar focusing on casualty issues, and a recap of relevant legislative and regulatory activities that may affect your practice.
The Pension Committee submitted a comment letter to the ERISA Advisory Council regarding the Annual Funding Notice for Defined Benefit Plans (AFN).