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
Life Practice Council, Health Practice Council, and Casualty Practice Council Submit a Joint Comment Letter to the Colorado Division of Insurance
The Life Practice Council, Health Practice Council, and Casualty Practice Council submitted a joint comment letter to the Colorado Division of Insurance on its recent exposure of a draft regulation…
Issue Brief
P/C Issue Brief Addresses Approaches to Identify, Mitigate Bias
The P/C Committee on Equity and Fairness released an issue brief that provides a survey of methods aimed at helping to identify and/or mitigate bias in rating for property and casualty lines.
Topics: Casualty
Comment / Letter
Life Practice Council and Casualty Practice Council Submit a Joint Comment Letter to the NAIC’s Big Data and Artificial Intelligence (H) Working Group
Life Practice Council and the Casualty Practice Council submitted a joint comment letter to the National Association of Insurance Commissioner’s Big Data and Artificial Intelligence (H) Working…
Comment / Letter
Life Practice Council and Casualty Practice Council Submit a Joint Comment Letter to the NAIC’s Big Data and Artificial Intelligence (H) Working Group
The Life Practice Council and the Casualty Practice Council submitted a joint comment letter to the National Association of Insurance Commissioner’s Big Data and Artificial Intelligence (H) Working…
Comment / Letter
P/C Equity & Fairness Committee Comments to DISB
P/C Committee on Equity and Fairness sent a comment letter to the District of Columbia Department of Insurance, Securities and Banking (DISB) on the DISB’s request for comment on its draft data…
Topics: Casualty
Practice Note
Risk Transfer Practice Note
The Committee on Property and Liability Financial Reporting (COPLFR) released the update to the Risk Transfer Practice Note (last updated in 2007). The Risk Transfer Practice Note includes…
Comment / Letter
CPC Submits Comments to the ASB on ASOP 41
Comment letter from the Casualty Practice Council, submitted to the Actuarial Standards Board (ASB) on the exposure draft of ASOP 41, Actuarial Communications.
Comment / Letter
CPC Submits Comments to the ASB on ASOP 20
Comment letter from the Casualty Practice Council, submitted to the Actuarial Standards Board (ASB) on the exposure draft of ASOP 20, Discounting of Property/Casualty Unpaid Claim Estimates.
Comment / Letter
COPLFR Submits Comments to the ASB on ASOP 36
Comment letter from the Committee on Property and Liability Financial Reporting, submitted to the Actuarial Standards Board (ASB) on the exposure draft of ASOP 36, Statements of Actuarial Opinion…
Comment / Letter
Comment Letter to DISB on their Review of Automobile Insurance for Unintentional Bias
The Casualty Practice Council submitted written comments to the Washington, D.C. Department of Insurance, Securities and Banking’s (DISB) Request for Comments on evaluating unintentional bias in…
Topics: Casualty