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
Comment / Letter
Councils’ Comments to NAIC Qualified Actuary Subgroup Questions
alty, Health, Life, and Professionalism Council comments to the NAIC’s Joint Qualified Actuary (A/B/C) Subgroup in response to its request for comments to a list of nine questions in anticipation…
Comment / Letter
COPLFR Comment Letter on Proposed Changes to Schedule P
Committee on Property & Liability Financial Reporting comment letter to the NAIC’s Blanks Working Group on its proposed changes to move all force-placed or lender-placed business from the current…
Comment / Letter
Practice Councils’ Comments to NAIC Joint Qualified Actuary (A/B/C) Subgroup
Councils’ letter to NAIC’s Joint Qualified Actuary (A/B/C) Subgroup on the subgroup’s two new charges related to defining a “qualified actuary” and recommending a process to address “unprofessional”…
Practice Note
Statements of Actuarial Opinion on P&C Loss Reserves (2012)
ittee on Property and Liability Financial Reporting’s 2012 practice note on Statements of Actuarial Opinion on P&C Loss Reserves.
Comment / Letter
COPLFR Comment Letter on Proposed Changes to SSAP 65
Committee on Property and Liability Financial Reporting (COPLFR) comment letter to the NAIC’s Casualty Actuarial & Statistical Task Force on the Statutory Accounting Principles Working Group’s…
Comment / Letter
P/C RBC Committee Report on International Methodologies of Risk Correlation
P/C Risk-Based Capital Committee report to the NAIC’s Solvency Modernization Initiative RBC Subgroup on risk correlation methodologies used to determine regulatory solvency capital requirements in…
Policy Paper
Determining the Impact of Climate Change on Insurance Risk and the Global Community
This report is the product of Phase I of a multi-phase project commissioned by the Casualty Actuarial Society (CAS), Canadian Institute of Actuaries, Society of Actuaries, and the American Academy of…
Comment / Letter
Casualty Practice Council Comments on Proposed Changes to the RBC Formula to Incorporate Catastrophe Risk
Casualty Practice Council Comments to the NAIC’s Catastrophe Risk Subgroup on its proposed changes to the Risk-Based Capital formula spreadsheets to incorporate property catastrophe risk.
Comment / Letter
Cross-Practice Council Comments on NAIC’s Corporate Governance Exposure Draft
Casualty, Life, Health, Professionalism, and Financial Reporting Council comments to the NAIC’s Corporate Governance Working Group on its Proposed Responses to a Comparative Analysis of Existing U.S….
NAIC Report