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
Practice Note
Reinsurance Attestation Supplement 20-1: Risk Transfer Testing
Reinsurance Attestation Supplement 20-1: Risk Transfer Testing Committee on Property & Liability Financial Reporting practice note on risk transfer testing.
Practice Note
Statements of Actuarial Opinion on P&C Loss Reserves (2006)
ittee on Property & Liability Financial Reporting’s practice note Regarding Statements of Actuarial Opinion on Property and Casualty Loss Reserves.PLEASE NOTE: This practice note was superseded by…
NAIC Report
Report on Risk-Focused Surveillance Framework
Financial Soundness/Risk Management Committee report on issues related to the financial regulation of insurers, including a review of a risk-focused surveillance framework.
Comment / Letter
Letter to Congress on Availability and Pricing of Medical Malpractice Insurance
Medical Malpractice Subcommittee comments on S. 22 and S. 23, a pair of medical professional liability reform bills being considered in the Senate.
Topics: Casualty
Comment / Letter
Comments to Presidential Working Group on Terrorism Risk Insurance
Terrorism Risk Insurance Subgroup comments to the President’s Working Group on Financial Markets on terrorism risk insurance issues.
Topics: Casualty
Comment / Letter
Comments to Presidential Working Group on Terrorism Risk Insurance
Terrorism Risk Insurance Subgroup comments to the President’s Working Group on Financial Markets on terrorism risk insurance issues.
Topics: Casualty
NAIC Report
Testimony to NAIC on Terrorism Insurance Issues
Terrorism Risk Insurance Subgroup testimony to an NAIC meeting on terrorism insurance issues.
Issue Brief
Current Issues in Asbestos Litigation
Mass Torts Subcommittee issue brief on current issues in asbestos litigation, including a summary of available litigation-related data and a highlight of recent changes in the litigation
Comment / Letter
COPLFR Comments on Draft Bermuda Monetary Authority Guidance
Comments from COPLFR about draft Bermuda Monetary Authority guidance on the role of the loss reserve specialist.Analysis of proposals to extend the Terrorism Risk Insurance Act of 2002
The Terrorism Risk Insurance Subgroup’s analysis of proposals to extend or replace the Terrorism Risk Insurance Act of 2002.
Topics: Casualty