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.

Casualty
Cyber Risk Toolkit

Cyber Risk Toolkit

A series of papers addressing issues pertinent to cyber risk insurance and cyber exposure.
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Extreme Events

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

Financial reporting and loss reserving issues in property/casualty actuarial practice.
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Medical Professional Liability

Medical Professional Liability

Medical professional liability insurance issues.
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Risk Classification

Risk Classification

Use of risk-based insurance scoring in auto and other insurance lines.
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Risk-Based Capital

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

Solvency and Soundness

Soundness and solvency issues facing property and casualty insurance companies.
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Workers' Compensation

Workers’ Compensation

Workers’ compensation issues as they relate to property and casualty actuarial practice.
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More Casualty

Casualty News

ERM Committee News

ASB Approves Exposure Draft Of Proposed Capital Adequacy Assessment ASOP

The ASB recently approved an exposure draft of a proposed new ASOP titled Capital Adequacy Assessment for Insurers. The proposed ASOP will apply to actuaries involved in capital adequacy assessment…
Topics: ASB News
Date Published: 09/26/2016
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Casualty Resources

Comment / Letter

Comment Letter to NAIC on AI Systems Evaluation Tool

Providing an actuarial perspective on responsible use of AI in insurance, vice presidents from the Academy’s casualty, health, life, and risk management and financial reporting councils sent a…
Date Published: 09/08/2025
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Comment / Letter

Homeowners’ Insurance Task Force Comments to NAIC

Homeowners’ Insurance Task Force Chairperson Ken Doss sent a comment letter to the NAIC in response to the Property and Casualty Insurance (C) Committee’s recently released Availability and…
Topics: Casualty
Date Published: 08/28/2025
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Comment / Letter

CPC Comments on ASOP No. 20 

The Casualty Practice Council (CPC) submitted comments on the exposure draft of Actuarial Standard of Practice (ASOP) No. 20, Analysis of Property/Casualty Cash Flows, Including Discounting. 
Topics: Casualty
Date Published: 07/31/2025
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Comment / Letter

Practice Councils Comment to NAIC on RBC Principles

The Casualty Practice Council, Health Practice Council, Life Practice Council, and Risk Management and Financial Reporting Practice Council submitted a joint comment letter to NAIC’s Risk-Based…
Date Published: 07/24/2025
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Comment / Letter

Academy Comments to NAIC on Proposed AI in Insurance Model Law

Academy casualty, health, life, and risk management and financial reporting vice presidents sent a comment letter to the NAIC in response a request for information by NAIC’s Big Data and Artificial…
Date Published: 07/01/2025
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Comment / Letter

Councils Comment to NOAA on Climate Database

The Casualty Practice Council, Risk Management and Financial Reporting Council, and Research Committee sent a comment letter to the National Oceanic and Atmospheric Administration (NOAA), strongly…
Date Published: 06/06/2025
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Comment / Letter

CPC Comments on ASOP No. 39

The Casualty Practice Council (CPC) submitted comments on the exposure draft of Actuarial Standard of Practice (ASOP) No. 39, Treatment of Catastrophe or Extreme Event Losses in Future Cost…
Topics: Casualty
Date Published: 05/30/2025
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Comment / Letter

P/C Equity & Fairness Committee Comments to Colorado DOI

The P&C Committee on Equity and Fairness submitted comments to the Colorado Division of Insurance (DOI) on the exposed template of the DOI’s upcoming data call on private passenger auto…
Date Published: 04/25/2025
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Comment / Letter

Practice Councils Comment to ASB on ASOP No. 41

The Casualty Practice Council, Health Practice Council, and Retirement Practice Council sent comments to the Actuarial Standards Board (ASB) on the second exposure draft of Actuarial Standard of…
Date Published: 03/14/2025
Comment / Letter

Practice Councils Comment to NAIC’s New RBC Model Governance Task Force

Vice presidents of the Academy’s Casualty Practice Council, Health Practice Council, Life Practice Council, and Risk Management and Financial Reporting Council provided comments to the NAIC’s newly…
Date Published: 03/14/2025
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