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.
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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 Resources

Policy Paper

ILS Issue Paper Released

The Academy’s Extreme Events and Property Lines Committee published a paper, Insurance Linked Securities and Catastrophe Bonds, a public policy issue paper.
Date Published: 06/14/2022
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Policy Paper

Cyber Risk Task Force Publishes Cyber Risk Toolkit

The Cyber Risk Task Force released a collection of publications combined together in the Cyber Risk Toolkit. The toolkit is intended to be a resource for interested readers of the general public,…
Date Published: 08/25/2021
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Policy Paper

Committee Issues FAQ on Covid-19 and PC Financial Reporting

The Committee on Property and Liability Financial Reporting has issued a set of questions and answers about the impact of the coronavirus pandemic on P/C financial reporting. 
Date Published: 06/11/2020
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Policy Paper

Committee Issues Paper on Wildfire Lessons Learned

The Academy’s Extreme Events and Property Lines Committee has published a new document, Wildfire: An Issue Paper — Lessons Learned from the 2017-2018 California Events. Read the news release.
Topics: Casualty
Date Published: 06/21/2019
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Policy Paper

Monograph on Catastrophe Modeling

Extreme Events and Property Lines Committee monograph on the development of catastrophe models and the uses of catastrophe model output in actuarial tasks.
Topics: Casualty
Date Published: 07/24/2018
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Policy Paper

Monograph on Issues Surrounding National Flood Insurance Program

Flood Insurance Work Group monograph on the National Flood Insurance Program (NFIP) that examines key issues surrounding the NFIP, including rising sea levels, the differences between the NFIP and…
Topics: Casualty
Date Published: 04/19/2017
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Policy Paper

Determining the Impact of Climate Change on Insurance Risk and the Global Community

This report is the product of Phase I of a multi-phase project commissioned by the Casualty Actuarial Society (CAS), Canadian Institute of Actuaries, Society of Actuaries, and the American Academy of…
Date Published: 10/31/2012
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Policy Paper

Actuarial Soundness

Actuarial Soundness Task Force special report regarding the terms “actuarial soundness” and “actuarially sound” to assist in providing the profession and the general public with specific…
Topics: Casualty Solvency
Date Published: 05/10/2012
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Policy Paper

The National Flood Insurance Program: Past, Present…and Future

?Flood Insurance Subcommittee’s monograph on the actuarial issues surrounding the history and future of the National Flood Insurance Program.
Topics: Casualty
Date Published: 07/12/2011
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Policy Paper

Overview of Asbestos Claims Issues and Trends

Mass Torts Subcommittee monograph providing an overview of asbestos claim issues and trends.
Topics: ASB Casualty
Date Published: 08/01/2007
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