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
Extreme Events

Extreme Events

Floods, earthquakes, other natural catastrophes; terrorist events; and mass torts.
Explore
Financial Reporting and Loss Reserving

Financial Reporting and Loss Reserving

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

Medical Professional Liability

Medical professional liability insurance issues.
Explore
Risk Classification

Risk Classification

Use of risk-based insurance scoring in auto and other insurance lines.
Explore
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.
Explore
Solvency and Soundness

Solvency and Soundness

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

Workers’ Compensation

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

Casualty Resources

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.
Date Published: 09/30/2022
Download
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…
Date Published: 09/29/2022
Download
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
Date Published: 08/22/2022
Download
Comment / Letter

Written Testimony to DISB on Unintentional Bias in Private Passenger Automobile Insurance

The Casualty Practice Council submitted written comments following the Washington, D.C. Department of Insurance, Securities and Banking (DISB) on their hearing, “Initiative to Evaluate Unintentional…
Topics: Casualty
Date Published: 07/08/2022
Download
Comment / Letter

Comment Letter to the Senate Banking, Housing and Urban Affairs on NFIP

Comment Letter to the Senate Banking, Housing and Urban Affairs on NFIP
Topics: Casualty
Date Published: 06/17/2022
Download
Comment / Letter

Casualty Practice Council Submits Comments to the ASB on ASOP 29

Comment letter from the Casualty Practice Council, submitted to the Actuarial Standards Board (ASB) on the exposure draft of ASOP No. 29, Expense Provisions.
Date Published: 05/31/2022
Download
Comment / Letter

Comment Letter to the Treasury Department and FIO on the Terrorism Risk Insurance Program

Cyber Risk Task Force comments to the U.S. Department of the Treasury and Federal Insurance Office (FIO) request for comment (RFC) on the effectiveness of the cyber considerations of the Terrorism…
Date Published: 05/16/2022
Download
Comment / Letter

Academy Submits Letter to Colorado Division of Insurance

Academy President Maryellen Coggins submitted a letter to the Colorado Division of Insurance in advance of the upcoming stakeholder engagement process for the recently passed state law aimed to…
Date Published: 02/04/2022
Download
Comment / Letter

Comment Letter to RFI from the Treasury Department and FIO on Climate-Related Financial Risk and the Insurance Sector

Climate Change Joint Task Force comments to the U.S. Department of the Treasury and Federal Insurance Office (FIO) request for information (RFI) relating to regarding FIO’s future work relating to…
Topics: Casualty
Date Published: 11/15/2021
Download
Comment / Letter

COPLFR Updated Comment Letter to the NAIC Blanks (E) Working Group

The Committee on Property and Liability Financial Reporting (COPLFR) sent an updated version of its comment letter to the National Association of Insurance Commissioners (NAIC) Blanks Working Group…
Date Published: 10/21/2021
Download