This Week: Happy Holidays From the Academy; COPLFR Releases P/C Practice Note; Professionalism Webinar Looks at the ABCD and Ethics
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.
COPLFR Releases Practice Note on Statements of Actuarial Opinion on P/C Loss Reserves
The Committee on Property and Liability Financial Reporting (COPLFR) released the practice note, Statements of Actuarial Opinion on P/C Loss Reserves (2021), which includes discussion regarding changes in the NAIC Annual Statement Instructions—Property/Casualty (NAIC Annual Statement Instructions) regarding the Actuarial Opinion, the Actuarial Opinion Summary, and Actuarial Report, as well as COVID-19 considerations.
Auto Insurance Committee Comments to NAIC Property and Casualty Insurance Committee
Senior Casualty Fellow Rich Gibson presented to the NAIC’s Property and Casualty Insurance (C) Committee on behalf of the Academy’s Automobile Insurance Committee to provide general and actuarial considerations on the topic of auto insurance refunds.
Issue Brief Released on Workers' Comp, Opioids, and COVID-19
The Workers' Compensation Committee released an issue brief on potential impacts to injured workers, employers and insurers involved in the opioid epidemic, and explores the effects on these stakeholders before, during, and after the COVID-19 pandemic.
Tax Work Group Published Updated FAQs Developed as a Result of the Tax Cuts and Jobs Act
The Tax Work Group published their updated FAQs regarding certain insurance reserves held by insurance companies for the purpose of determining U.S. taxable income under the Tax Cuts and Jobs Act of 2017.
This Week: P/C Opinions Seminar a Success; Upcoming Professionalism Webinars to Look at ABCD, USQS
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.
LPC Presents Update to the Life Actuarial (A) Task Force at the NAIC 2021 Virtual Fall National Meeting
Former Life Vice President Laura Hanson presented an update of Life Practice Council activities to the Life Actuarial (A) Task Force at the National Association of Insurance Commissioners 2021 Virtual Fall National Meeting.