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.

Casualty
Extreme Events

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

Financial reporting and loss reserving issues in property/casualty actuarial practice.
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Medical Professional Liability

Medical Professional Liability

Medical professional liability insurance issues.
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Risk Classification

Risk Classification

Use of risk-based insurance scoring in auto and other insurance lines.
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Risk-Based Capital

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

Solvency and Soundness

Soundness and solvency issues facing property and casualty insurance companies.
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Workers' Compensation

Workers’ Compensation

Workers’ compensation issues as they relate to property and casualty actuarial practice.
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More Casualty

Casualty Resources

Comment / Letter

Council Comment Letter on Proposed Modeling ASOP

Casualty Practice Council letter to the Actuarial Standards Board on the fourth exposure draft of a proposed new actuarial standard of practice for modeling.
Date Published: 05/13/2019
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Comment / Letter

Casualty Practice Council Comments on Pandemic Reinsurance Proposal

The Casualty Practice Council comments on the proposed Pandemic Risk Reinsurance Program being considered by the U.S. House of Representatives Financial Services Committee.
Date Published: 05/11/2019
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Comment / Letter

Committee Scope Letter on New Assessment of Underwriting Risk

P/C RBC Committee scope letter to NAIC outlining project for new assessment of several elements of underwriting risk in the risk-based capital formula for P/C insurers.
Date Published: 05/09/2019
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Comment / Letter

Academy Letter to Ad Hoc Commissioner Group on Proposed Changes to Property and Casualty 2019 Actuarial Opinion Instructions

A comment letter from Mary D. Miller, on behalf of the American Academy of Actuaries, pertaining to the Executive (EX) Committee’s Ad Hoc commissioner group’s proposed changes of the Property and…
Topics: Casualty
Date Published: 02/14/2019
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Comment / Letter

Academy Comment Letter to CASTF on Draft P/C 2019 Statement of Actuarial Opinion Instructions

A comment letter to the Casualty Actuarial and Statistical (C) Task Force (CASTF) from Mary D. Miller, on behalf of the American Academy of Actuaries, pertaining to the CASTF ‘s draft qualification…
Topics: Casualty
Date Published: 02/14/2019
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Comment / Letter

Casualty Fellow’s Comments on NAIC Proposed White Paper on Regulatory Review of Predictive Models

Academy senior casualty fellow Rich Gibson’s comments to the NAIC’s Casualty Actuarial and Statistical Task Force regarding exposure draft of white paper on Regulatory Review of Predictive Models.
Topics: Casualty NAIC
Date Published: 01/21/2019
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Comment / Letter

Academy Comments to NAIC on 3-Year Experience Proposal Draft

Letter from Academy Past President Mary D. Miller to NAIC with comments on CASTF’s draft 3-year experience proposal.
Topics: Casualty NAIC
Date Published: 11/07/2018
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Comment / Letter

Comments on Proposed California Workers’ Compensation Regulation

Committee on Property and Liability Financial Reporting letter offering comments on the California Department of Insurance’s proposed changes to reporting requirements for large deductibles in…
Date Published: 08/09/2018
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Comment / Letter

Academy Raises Concerns With NAIC Experience Period Proposal

Academy Past President Mary D. Miller on Friday submitted a comment letter from the Academy to the NAIC regarding the Casualty Actuarial and Statistical Task Force’s exposure draft related to the…
Topics: Casualty NAIC
Date Published: 08/09/2018
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Report

An Update to the Property & Casualty and Health Risk-Based Capital Bond Factors

Report to the NAIC Investment Risk-Based Capital (E) Working Group, Health Risk-Based Capital (E) Working Group, and Property and Casualty Risk- Based Capital (E) Working Group on indicated bond…
Date Published: 07/29/2018
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