The Committee on Property and Liability Financial Reporting sent comments to the AICPA regarding its working draft of Audit and Accounting Guide Property and Liability Insurance Entities.

Solvency Committee comments to the International Association of Insurance Supervisor (IAIS) on its concept paper, Common Framework for the Supervision of Internationally Active Insurance Groups.

The ERM Committee submitted comments to the NAIC on its Own Risk and Solvency Assessment (ORSA) Guidance Manual supporting its view that the manual offers ORSA guidance which focuses on the most fundamental components of a strong ERM framework.

The Medicare Steering Committee released a new issue brief that summarizes the key cost, access, and quality issues associated with some of the Medicare-related provisions in the various debt and deficit reduction proposals.

Actuary Kevin Bingham, who co-authored "Product Recall: Covering Your Bottom Line" in the March/April 2011 issue of Contingencies, highlights the risk of a product recall and how to plan for it in the Academy's newest YouTube video. Watch it now on the Academy's YouTube channel.

In a letter to the U.S. Treasury Department, Academy President Mary Frances Miller urged Treasury officials to ensure that the proposed Federal Advisory Committee on Insurance includes individuals with direct actuarial expertise.

Read about issues that affect pension actuaries and the Academy's work to advance sound pension policy in the latest edition of the Enrolled Actuaries Report.

Academy President Mary Frances Miller introduced a joint letter from the presidents of the U.S.-based actuarial organizations regarding a proposal to make improvements to the profession's discipline process in the United States. The joint letter introduced new resources for members to learn more about the proposal, including a working draft of a proposed agreement on joint discipline and an updated set of questions and answers related to the proposal.