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Article

Academy Looks Forward to President Biden Addressing Joint Session of Congress on Key Issues Needing Actuarial Expertise

COVID-19 Impacts, Climate Risk, Equity Issues Share Focus with Economic Recovery, Financial and Retirement Security Beyond First 100 Days WASHINGTON—The American Academy of Actuaries provides…

Topics: Casualty Climate Risk Financial Reporting Financial Security Health Equity Life Insurance Long-Term Care Medicare / Medicaid Professionalism Public Policy Retirement Social Security Solvency

Date Published: 04/26/2021

Article

Actuaries Climate Index Breaks New Ground for Latest Season and Five-Year Average

Summer 2020 data update pushes index’s five-year average to 1.23 Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (March 4, 2021)––The five-year moving average of…

Topics: Casualty Financial Security Professional Organization Professionalism Public Policy

Date Published: 03/04/2021

Article

Spring 2020 Data Update to the Actuaries Climate Index

As attention to climate issues grows, ACI provides objective data on key climate measurements Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (Dec. 1, 2020)—With climate risk…

Topics: Casualty Climate Risk Financial Security Professional Organization Professionalism Public Policy

Date Published: 12/01/2020

Academy in the News

People on the move in the P&C insurance industry: November 13, 2020

PropertyCasualty360

Topics: Casualty

Date Published: 11/13/2020

Article

Academy Officers and Regular Directors Begin Terms

WASHINGTON—The American Academy of Actuaries is pleased to announce five officers and four regular directors serving on its Board of Directors who began their terms today at the close of the…

Topics: Actuarial Standards ASB Casualty Financial Reporting Financial Security Principle-Based Reserving Professionalism Public Policy Risk Management

Date Published: 11/05/2020

Article

Data Update to the Actuaries Climate Index

Long-term measure of extreme climate conditions reached a new high in winter 2019–20 Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (August 26, 2020) –– A…

Topics: Casualty Financial Security Professional Organization Professionalism Public Policy

Date Published: 08/26/2020

Article

Whether to Amend and Extend: National Flood Insurance Program Reauthorization as an Opportunity for Reform

WASHINGTON—August typically marks not only the start of the peak of hurricane season but is also the time during which Congress recesses for its monthlong district/state work period. When…

Topics: Casualty Climate Risk Financial Security Professionalism Public Policy

Date Published: 08/04/2020

Article

Data Update to the Actuaries Climate Index

Index’s data updated through fall 2019 including 2019 drought and sea level values Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (May 27, 2020)—The Actuaries Climate…

Topics: Casualty Financial Security Professional Organization Professionalism Public Policy

Date Published: 05/27/2020

Article

Actuaries: Coverage of Pandemic Risk Through Property/Casualty Insurance Could Be Designed Like Existing Federal Programs

WASHINGTON—Existing federal insurance programs for costly, hard-to-estimate property/casualty risks are more appropriate models for a federal insurance program to facilitate coverage of…

Topics: Casualty Financial Security Professionalism Public Policy Reinsurance

Date Published: 05/12/2020

Article

Actuaries Climate Index Reaches New High for Sixth Consecutive Quarter

Index’s five-year average continues an upward trend Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (February 27, 2020)—The five-year moving average of the Actuaries…

Topics: Casualty Financial Security Professional Organization Professionalism Public Policy

Date Published: 02/27/2020

Related Resources

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…

Topics: Casualty Cyber Risk

Date Published: 05/16/2022

Policy & Research

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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…

Topics: Casualty Life Insurance

Date Published: 02/04/2022

Policy & Research

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Presentation

DSAC Presents to NAIC CASTF Book Club on Big Data and Algorithms Issue Paper

The Academy’s Data Science and Analytics Committee (DSAC) presented to the National Association of Insurance Commissioners’ (NAIC) Casualty Actuarial and Statistical (C) Task Force (CASTF) Book…

Topics: Casualty Data Science / Big Data Financial Reporting NAIC Risk Management

Date Published: 01/26/2022

Policy & Research

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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…

Topics: Casualty Financial Reporting NAIC

Date Published: 12/17/2021

Policy & Research

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Comment / Letter

Auto Insurance Committee Comments to NAIC Property and Casualty Insurance Committee

Senior Casualty Fellow Rich Gibson presented to the NAIC’s Property and Casualty Insurance (C) Committee on behalf of the Academy’s Automobile Insurance Committee to provide general and…

Topics: Casualty NAIC

Date Published: 12/15/2021

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Issue Brief

Workers’ Compensation: The Potential Impact on COVID-19 on the Opioid Epidemic

Workers’ Compensation Committee issue brief on potential impacts to injured workers, employers and insurers involved in the opioid epidemic, and explores the effects on these stakeholders before,…

Topics: Casualty Workers’ Compensation

Date Published: 12/15/2021

Policy & Research

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Issue Brief Released on Workers’ Comp, Opioids, and COVID-19

The Workers’ Compensation Committee released an issue brief on potential impacts to injured workers, employers and insurers involved in the opioid epidemic, and explores the effects on these…

Topics: Casualty Workers’ Compensation

Date Published: 12/15/2021

Policy & Research

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Comment / Letter

CPC and COPLFR Comments to CASTF

Casualty Practice Council Vice Chairperson, Dee Dee Mays, and Committee on Property and Liability Financial Reporting (COPLFR) Chairperson, Derek Freihaut, presented to the NAIC’s Casualty…

Topics: Casualty Financial Reporting NAIC

Date Published: 12/07/2021

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Presentation

CPC, COPLFR Comment to CASTF

Casualty Practice Council (CPC) Vice Chairperson Dee Dee Mays and Committee on Property and Liability Financial Reporting (COPLFR) Chairperson Derek Freihaut presented to the NAIC’s Casualty…

Topics: Casualty Financial Reporting NAIC

Date Published: 12/07/2021

Policy & Research

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Presentation

RETF Comments to NAIC Special Committee on Race and Insurance

Casualty Vice President Lauren Cavanaugh presented to the NAIC’s Special Committee on Race and Insurance (SCORI) Workstream 3 (Property and Casualty) on behalf of the Academy’s Racial Equity…

Topics: Casualty NAIC

Date Published: 12/01/2021

Policy & Research

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