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The Academy

Academy Officers and Directors Begin Terms in Office  

WASHINGTON—The American Academy of Actuaries is pleased to announce that, in addition to Darrell Knapp, MAAA, FSA, of New Smyrna Beach, Fla., taking office as 2024-25 Academy president, five other…
Topics: Actuarial Standards ASB Casualty Equity, Diversity, and Inclusion Financial Reporting Health Equity Professionalism Reinsurance Retirement
Date Published: 11/13/2024
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Academy in the News

Around the P&C insurance industry: August 9, 2023

PropertyCasualty360
Topics: Casualty
Date Published: 08/09/2023
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Academy in the News

States that require payment, reimbursement for medical marijuana

Property Casualty 360
Topics: Casualty
Date Published: 05/15/2023
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Article

New Academy Officers and Member-Selected Directors Began Terms at This Week’s Academy Annual Meeting

WASHINGTON—The American Academy of Actuaries is pleased to announce that, in addition to Ken Kent of McLean, Va., taking office as 2022–23 Academy president, five officers and three…
Topics: Actuarial Standards ASB Benefits Casualty Financial Reporting Financial Security Health Equity Medicare / Medicaid Professionalism Public Policy
Date Published: 11/04/2022
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Article

New Academy Issue Brief Provides Actuarial and Regulatory Considerations on Use of Data, Predictive Modeling, and Risk Classification in Insurance Practices

WASHINGTON—A new issue brief from the American Academy of Actuaries Data Science and Analytics Committee (DSAC) and Property/Casualty Racial Equity Task Force provides a clear and thorough…
Topics: Casualty Data Science / Big Data Financial Security Professionalism Public Policy
Date Published: 07/06/2022
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Academy in the News

Rethinking how we look at wildfire risk

Property Casualty 360
Topics: Casualty
Date Published: 02/15/2022
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Article

Revised Qualification Standards to Take Effect Jan. 1 for Actuaries Issuing U.S. Statements of Actuarial Opinion

WASHINGTON—The American Academy of Actuaries, which sets standards for qualification, practice, and conduct for actuaries practicing in the United States, has revised the standards defining…
Topics: Casualty Continuing Education Financial Security NAIC Professionalism Public Policy
Date Published: 11/30/2021
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Academy in the News

People on the move in the P&C insurance industry: October 1, 2021

PropertyCasualty360
Topics: Casualty
Date Published: 10/01/2021
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Article

Actuaries Climate Index down again in latest five-year average

Winter 2020-21 data update lowers index benchmark for the second consecutive quarter Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (Sept. 14, 2021)––The winter…
Topics: Casualty Financial Security Professional Organization Professionalism Public Policy
Date Published: 09/14/2021
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Article

Actuaries Climate Index Down Slightly in Latest Five-Year Average

Fall 2020 data update lowers index benchmark for the first time since 2017 Washington, D.C., Arlington, VA, Schaumburg, IL, and Ottawa, ON (June 8, 2021) –– The five-year moving…
Topics: Casualty Financial Security Professional Organization Professionalism Public Policy
Date Published: 06/08/2021
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Related Resources

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
Date Published: 12/02/2020
Policy & Research
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Comment / Letter

VP-Casualty Addresses NAIC Panel on Race and Insurance

Academy Casualty Vice President Lauren Cavanaugh addressed the NAIC’s Special Committee on Race and Insurance, speaking to her prepared comments previously submitted, which covered actuarial…
Topics: Actuarial Standards Casualty NAIC
Date Published: 11/13/2020
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Presentation

Academy Updates CASTF on Casualty Practice Council Activity

The Academy’s Casualty Practice Council (CPC) and Committee on Property and Liability Financial Reporting (COPLFR) presented an update on CPC and COPLFR activity to the NAIC’s Casualty Actuarial…
Topics: Casualty Cyber Risk Financial Reporting NAIC
Date Published: 11/10/2020
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Research Paper

Cyber Breach Reporting Requirements

States have moved to develop their own laws given there is a lack of federal regulation of notice requirements to consumers in the event of cyber breaches. The purpose of this paper is to provide a…
Topics: Casualty NAIC
Date Published: 11/04/2020
Policy & Research
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Research Paper

Audit Committees and Actuarial Loss Reserve Expertise

A new paper has been published, An Overview for P/C Insurers’ Audit Committees: Effective Use of Actuarial Loss Reserve Expertise. Produced by the Committee on Property and Liabi8lity Financial…
Topics: Casualty Financial Reporting
Date Published: 09/21/2020
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Comment / Letter

Committee Comments on Financial Examiners Handbook

The Committee on Property and Liability Financial Reporting has submitted comments to the NAIC’s Actuarial Opinion Working Group, suggesting some changes to the wording the Financial Examiners…
Topics: Casualty Financial Reporting NAIC
Date Published: 08/27/2020
Policy & Research
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Comment / Letter

Senior Casualty Fellow Comments on Review of Predictive Models

Senior Casualty Fellow Rich Gibson submitted comments on the latest draft of the National Association of Insurance Commissioners’ proposed white paper on Regulatory Review of Predictive Models. 
Topics: Casualty
Date Published: 07/27/2020
Policy & Research
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Issue Brief

Issue Brief on Presumptive Benefits after COVID-19 in Workers’ Compensation

e brief from the Workers’ Compensation Committee rdiscussing the recent actions of state governments, due to the COVID-19 pandemic, to expand their presumption laws to include additional…
Topics: Benefits Casualty Workers’ Compensation
Date Published: 07/08/2020
Policy & Research
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Issue Brief on Presumptive Benefits after COVID-19 in Workers’ Compensation

Issue brief from the Workers’ Compensation Committee rdiscussing the recent actions of state governments, due to the COVID-19 pandemic, to expand their presumption laws to include additional…
Topics: Benefits Casualty Workers’ Compensation
Date Published: 07/08/2020
Policy & Research
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Comment / Letter

Casualty Practice Council Comments on Pandemic Risk Proposal

The Casualty Practice Council commented on H.R. 7011, a proposal to facilitate expansion of Business Interruption coverage to include future pandemic events. 
Topics: Casualty
Date Published: 06/26/2020
Policy & Research
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