The Committee on Property and Liability Financial Reporting submitted a comment letter to the NAIC's Casualty Actuarial and Statistical Task Force on proposed changes to IRIS ratios 11, 12, and 13, which would add adjusting and other expenses to the basis for calculating those ratios.
Several Academy members presented at the National Conference of Insurance Legislators’ summer meeting in Boston, July 9-13.
The Casualty Practice Council submitted comments to Senate leaders on the Terrorism Risk Insurance Reauthorization Act of 2014 in support of reauthorizing the terrorism risk insurance program and maintaining a government backstop for a peril that is difficult to fully insure in the private market.
In this month’s HealthCheck, read about the Academy’s congressional testimony on risk-sharing mechanisms in the Affordable Care Act, a final rule on tax credits for small employers offering health coverage, media coverage of the Academy’s analysis of factors influencing 2015 premiums, and more.
The Medicaid Work Group submitted comments to the Centers for Medicare and Medicaid Services requesting specific guidance on the Affordable Care Act's Health Insurance Providers (HIP) fee and how it affects the Medicaid program.
In this month's Actuarial Update, read about the Academy Senior Health Fellow’s two Capitol Hill appearances in June; a new “Essential Elements” paper on terrorism risk insurance; case studies on actuarial communications rules and standards; PBGC activities and the role of actuaries; and an examination of the availability and affordability of auto insurance; and much more.