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
COPLFR Overview for P/C Insurers’ Audit Committees
Committee on Property & Liability Financial Reporting (COPLFR) overview providing information on effective use of actuarial loss reserves expertise by audit committees and boards.
Comment / Letter
CPC Letters to Congress on TRIA Reauthorization
Casualty Practice Council letters to U.S. Senate and House leaders urging reauthorization of the Terrorism Risk Insurance Act (TRIA), which is set to expire on Dec. 31.
Topics: Casualty
NAIC Report
Presentation to CIPR on Actuaries Climate Index
Presentation at NAIC’s Center for Insurance Policy and Research (CIPR) Symposium on “Implications for Increasing Catastrophe Volatility on Insurers and Consumers” that updates progress on the…
Comment / Letter
Comments to NAIC on RAA’s Updated Proposal on Reinsurance Credit Risk
Risk-Based Capital Committee comment letter to the National Association of Insurance Commissioners on the Reinsurance Association of America’s (RAA) updated proposal on reinsurance credit risk…
NAIC Report
Presentation to NAIC on Actuaries Climate Index
Presentation to the NAIC’s Climate Change and Global Warming Working Group on the development of an Actuaries Climate Index and Actuaries Climate Risk Index.
Comment / Letter
CPC Comments to Congress on TRIA Reauthorization
Casualty Practice Council comments to U.S. House leaders on the TRIA Reform Act of 2014 in support of reauthorizing the terrorism risk insurance program and maintaining a government backstop for a…
Topics: Casualty
Presentation
Presentation at NCOIL Summer Meeting on Role of Private Market in Flood Insurance
Presentation at National Conference of Insurance Legislators Summer Meeting on the evolving role of the private market in providing flood insurance.
Topics: Casualty
Comment / Letter
Comments to Senate on TRIA Reauthorization
Casualty Practice Council 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…
Topics: Casualty
Comment / Letter
COPLFR Comment Letter on Proposed Changes to IRIS Ratios
Committee on Property and Liability Financial Reporting 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…
Comment / Letter
CPC Comments on CAS Ratemaking Principles Draft
Casualty Practice Council comments on Casualty Actuarial Society’s Statement of Principles on P&C Ratemaking revised draft.
Topics: Casualty