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
Comment Letter to RFI from the Treasury Department and FIO on Availability and Affordability of Auto Insurance
Automobile Insurance Committee 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
Comment / Letter
COPLFR Comment Letter to the NAIC Casualty Actuarial and Statistical (C) Task Force
The Committee on Property and Liability Financial Reporting (COPLFR) sent a comment letter to the National Association of Insurance Commissioners (NAIC) Casualty Actuarial and Statistical (C) Task…
Comment / Letter
COPLFR Comment Letter to the NAIC Blanks (E) Working Group
The Committee on Property and Liability Financial Reporting (COPLFR) sent a comment letter to the National Association of Insurance Commissioners (NAIC) Blanks Working Group on proposed changes to…
Comment / Letter
Proposed Actuarial Standard of Practice (ASOP) on Setting Assumptions
Proposed Actuarial Standard of Practice (ASOP) on Setting AssumptionsThe Academy’s Casualty Practice Council submitted comments to the Actuarial Standards Board regarding the setting assumptions…Date Published: 04/15/2021
Comment / Letter
Casualty Practice Council Submits Comments on Colorado Senate Bill 21-169
The Casualty Practice Council submitted a comment letter on Colorado Senate Bill 21-169 which is aimed to protect consumers from unfair discrimination in insurance practices. The comments addressed…
Topics: Casualty
Comment / Letter
American Academy of Actuaries Report on Cyber Breach Reporting Requirements
The Academy’s Cyber Risk Task Force sent a letter offering its assistance in relation to the challenges and opportunities present in the current system of regulating and overseeing responses to…
Comment / Letter
Comments on ASOP No. 38, Using Models Outside the Actuary’s Expertise (Property and Casualty)
The Casualty Practice Council filed comments on the Actuarial Standards Board exposure draft, Using Models Outside the Actuary’s Expertise (Property and Casualty).
Comment / Letter
Task Force Comments on Cyber Risk and TRIA
The Academy’s Cyber Risk Task Force responded to the U.S. Treasury Department’s questions about the applicability of the Terrorism Risk Insurance Act (TRIA) to cyber-attacks that aim at targets…
Comment / Letter
Casualty Council Comments on Pandemic Risk Legislation
Lauren Cavanaugh, VP-Casualty, submitted written comments on proposed legislation to provide federal government backing for future pandemic risk coverage in Business Interruption insurance.
Topics: Casualty
Comment / Letter