Casualty
The Academy’s Casualty Practice Council (CPC) offers invaluable technical guidance to policymakers and regulators, ensuring clarity and informed decision-making around property and casualty concerns.
The CPC helps shape the future of public policy and create a safer and more resilient future for all.
Extreme Events
Floods, earthquakes, other natural catastrophes; terrorist events; and mass torts.
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Financial Reporting and Loss Reserving
Financial reporting and loss reserving issues in property/casualty actuarial practice.
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Risk-Based Capital
Risk-based capital issues in property and casualty actuarial practice, including its treatment by the National Association of Insurance Commissioners.
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Solvency and Soundness
Soundness and solvency issues facing property and casualty insurance companies.
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Workers’ Compensation
Workers’ compensation issues as they relate to property and casualty actuarial practice.
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Casualty Resources
Issue Brief
FAQs About COVID-19 and PC Financial Reporting
The Committee on Property and Liability Financial Reporting issued an updated and expanded set of questions and answers regarding the impact of the coronavirus pandemic on P/C financial
Comment / Letter
Task Force Comments on Cyber Risk and TRIA
The Academy’s Cyber Risk Task Force responded to the U.S. Treasury Department’s questions about the applicability of the Terrorism Risk Insurance Act (TRIA) to cyber-attacks that aim at targets…
Comment / Letter
Casualty Council Comments on Pandemic Risk Legislation
Lauren Cavanaugh, VP-Casualty, submitted written comments on proposed legislation to provide federal government backing for future pandemic risk coverage in Business Interruption insurance.
Topics: Casualty
Research Paper
Cyber Breach Reporting Requirements
States have moved to develop their own laws given there is a lack of federal regulation of notice requirements to consumers in the event of cyber breaches. The purpose of this paper is to provide a…
Comment / Letter
Committee Comments on Financial Examiners Handbook
The Committee on Property and Liability Financial Reporting has submitted comments to the NAIC’s Actuarial Opinion Working Group, suggesting some changes to the wording the Financial Examiners…
Comment / Letter
Senior Casualty Fellow Comments on Review of Predictive Models
Senior Casualty Fellow Rich Gibson submitted comments on the latest draft of the National Association of Insurance Commissioners’ proposed white paper on Regulatory Review of Predictive Models.
Topics: Casualty
Issue Brief
Issue Brief on Presumptive Benefits after COVID-19 in Workers’ Compensation
e brief from the Workers’ Compensation Committee rdiscussing the recent actions of state governments, due to the COVID-19 pandemic, to expand their presumption laws to include additional…
Comment / Letter
Casualty Practice Council Comments on Pandemic Risk Proposal
The Casualty Practice Council commented on H.R. 7011, a proposal to facilitate expansion of Business Interruption coverage to include future pandemic events.
Topics: Casualty
Policy Paper
Committee Issues FAQ on Covid-19 and PC Financial Reporting
The Committee on Property and Liability Financial Reporting has issued a set of questions and answers about the impact of the coronavirus pandemic on P/C financial reporting.
Comment / Letter