The Individual and Small Group Markets Committee submitted a letter to the Centers for Medicare & Medicaid Services (CMS) regarding the proposed rule on market stabilization.

The Actuaries Climate Index has been updated with data for spring and summer of 2016, reflecting continued high frequencies of extreme weather events. Read the news release.

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.

In the latest issue of Contingencies, the cover story, “Preparing for Artificial Intelligence Before It’s Too Late,” asks what happens when intelligence and awareness are no longer uniquely human traits. Other stories include the future of the Affordable Care Act—if and why any reforms to the health care law need to take key provisions into account; musings on whether prevailing assumptions about mortality are correct; and the who, how, and why of principle-based reserving.

How are actuarial standards of practice (ASOPs) revised and kept current? Beth Fitzgerald, vice chairperson of the Actuarial Standards Board (ASB), explains the 2016 revisions to ASOP Nos. 21, 23, and 24, illustrating how the ASB continues to uphold this charge—seeking and receiving a wide range of ideas and viewpoints within the actuarial profession.

Using a timely baseball opening analogy to his first Presidential Papers column, Academy President Bob Beuerlein asks, “Are You Modeling Professionalism?” He notes that actuaries have the opportunity to be teachers and role models to other actuaries, and cites the importance of the Code of Professional Conduct. “Walk the walk,” he writes, and don’t be afraid to ask for advice. (Contingencies, March/April 2017)

The February Actuarial Update covers Health Practice Council (HPC) volunteers’ annual visits to Capitol Hill to discuss Affordable Care Act and related health issues with federal lawmakers and policymakers.

The Financial Reporting Committee (FRC) submitted comments to the International Actuarial Association (IAA) on the exposure draft of its “Risk Adjustments for Financial Reporting of Insurance Contracts under International Financial Reporting Standards No. X” monograph.