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
Letter to SMI RBC Subgroup on CAS Working Party Activity
P/C Risk-Based Capital Committee letter to Solvency Modernization Initiative RBC Subgroup concerning CAS Working Party research on potential improvements to the NAIC’s P/C RBC framework.
Comment / Letter
Comment Letter on Comprehensive Flood Reform Bill
Flood Insurance Subcommittee comment letter to Congressional leaders concerning H.R. 4348, a bill to reform the National Flood Insurance Program and reauthorize it for five years.
Topics: Casualty
Policy Paper
Actuarial Soundness
Actuarial Soundness Task Force special report regarding the terms “actuarial soundness” and “actuarially sound” to assist in providing the profession and the general public with specific…
Comment / Letter
COPLFR Comments on Proposed NAIC 2012 Actuarial Opinion Instructions
Comments by Committee on Property and Liability Financial (COPLFR) to the NAIC’s Blanks Working Group on its proposed 2012 Actuarial Opinion Instructions.
Comment / Letter
Comments on White Paper, ‘The U.S. National State-Based System of Insurance Financial Regulation and the Solvency Modernization Initiative’
Public policy practice groups comments to the NAIC on its draft white paper on the Solvency Modernization Initiative and insurance regulation offering suggestions encompassing RBC, ORSA, and NAIC…
Comment / Letter
Comments to NCOIL Concerning Natural Catastrophe Insurance Reform Options
Natural Catastrophe Subcommittee of the Extreme Events Committee comments to the National Conference of Insurance Legislators concerning natural catastrophe insurance reform options.
Topics: Casualty
Practice Note
Statements of Actuarial Opinion on P&C Loss Reserves (2011)
ittee on Property and Liability Financial Reporting’s 2011 practice note on Statements of Actuarial Opinion on P&C Loss Reserves.
Comment / Letter
Comments to NAIC CASTF on Proposed 2012 Actuarial Opinion Instructions
Casualty Practice Council comments to the NAIC’s Casualty Actuarial & Statistical Task Force on its proposed 2012 Actuarial Opinion Instructions.
Comment / Letter
Comments to AICPA on Draft Audit & Accounting Guide for Property and Liability Insurance Entities
ittee on Property and Liability Financial Reporting comments to the AICPA regarding its working draft of Audit and Accounting Guide Property and Liability Insurance Entities.
Comment / Letter