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

Practice Note

COPLFR FAQs Document Addresses Wildfires Issues

A new document from the Committee on Property and Liability Financial Reporting (COPLFR) addresses issues raised by the recent Los Angeles wildfires. The Supplement to the 2024 COPLFR Practice…
Date Published: 02/07/2025
Download
Practice Note

Statements of Actuarial Opinion On Property and Casualty Loss Reserves (2024)

The Committee on Property and Liability Financial Reporting’s practice note on Statements of Actuarial Opinion on P/C Loss Reserves (2024), including discussion regarding changes in the NAIC Annual…
Date Published: 12/27/2024
Download
Practice Note

Statements of Actuarial Opinion on P/C Loss Reserves (2023)

The Committee on Property and Liability Financial Reporting’s practice note on Statements of Actuarial Opinion on P/C Loss Reserves (2023), including discussion regarding changes in the NAIC Annual…
Date Published: 12/14/2023
Download
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…
Date Published: 11/04/2022
Download
Practice Note

Statements of Actuarial Opinion on P/C Loss Reserves (2021)

The Committee on Property and Liability Financial Reporting’s practice note on Statements of Actuarial Opinion on P/C Loss Reserves (2021), including discussion regarding changes in the NAIC Annual…
Date Published: 12/17/2021
Download
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
NAIC Report

COPLFR Releases Practice Note on Statements of Actuarial Opinion on P/C Loss Reserves

The Committee on Property and Liability Financial Reporting (COPLFR) released the practice note, Statements of Actuarial Opinion on P/C Loss Reserves (2020), which includes discussion regarding…
Date Published: 01/19/2021
Download
Practice Note

Statements of Actuarial Opinion on P/C Loss Reserves (2014)

Committee on Property and Liability Financial Reporting 2014 Practice Note on Statements of Actuarial Opinion on P/C Loss Reserves.
Date Published: 12/30/2014
Download
Practice Note

Statements of Actuarial Opinion on P&C Loss Reserves (2013)

ittee on Property and Liability Financial Reporting 2013 practice note on statements of actuarial opinion on P&C loss reserves.
Date Published: 12/23/2013
Download
Practice Note

Statements of Actuarial Opinion on P&C Loss Reserves (2012)

ittee on Property and Liability Financial Reporting’s 2012 practice note on Statements of Actuarial Opinion on P&C Loss Reserves.
Date Published: 12/17/2012
Download