American Academy of Actuaries


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American Academy of Actuaries

A professional and lobbying organization for actuaries in the United States. In addition to promoting legislation on behalf of the actuarial industry, it creates and enforces professional standards for members, primarily through the Actuarial Standards Board.
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The American Academy of Actuaries is a 17,500-member professional association whose mission is to serve the public and the US actuarial profession.
"To make the provisions that and eliminate exclusions for pre-existing conditions work, health insurance markets must attract a restrict rating balanced cross-section of risks," says Cori Uccello, senior health fellow for the American Academy of Actuaries. "This means finding a way to encourage the enrollment of low-risk individuals.
Linda Lankowski of the American Academy of Actuaries told the Republican that Montana is one few other states that bans pricing variations based on gender.
Reports by the American Academy of Actuaries; Milliman, Inc., an actuarial firm; and the chief actuary of the Centers for Medicare & Medicaid Services (CMS) have all concluded that CLASS would have to charge exorbitant premiums, offer minimal benefits, or otherwise dissolve into actuarial insolvency.
DuRose served at CUNA Mutual from 1970 to 1988 and was a member of the Casualty Actuarial Society and the American Academy of Actuaries. Equally active in the community, DuRose became well known for his volunteer work at the Blackhawk Ski Club building ski jumps and down hill slopes where children could learn the sport.
According to a recent report by the American Academy of Actuaries, consumer-driven plans not only drastically reduce costs but do so without sacrificing health outcomes.
The magnitude of potential terrorist attacks forces insurers to limit their coverages: The American Academy of Actuaries' high estimate for a single terrorist event in New York City is $778 billion, 70 percent greater than the total property/ casualty insurance industry surplus for all commercial and personal lines, which are not covered by the terrorism program.
Previously, he was Assistant Director for Technology for the American Academy of Actuaries.
The American Academy of Actuaries, in response to questions posed by the President's Working Group on Financial Markets, has submitted its analysis on terrorism risk insurance, concluding that a national framework for terrorism risk is necessary if terrorism coverage is to be widely and readily available.
(25) In a letter to OPR, the American Academy of Actuaries sought clarification that actuarial reports provided under a confidentiality provision are not "covered opinions." The confidentiality provisions are generally intended to prevent third parties from using the information in the actuarial reports for unintended and unsuitable purposes.
The so-called "infinite horizon" projection is meaningless, according to the American Academy of Actuaries, but the trustees, two-thirds of whom are Bush administration officials, needed a scary number to help make the case for radical changes.
The Schaumburg, Ill.-based Society of Actuaries (SOA) and the American Academy of Actuaries (AAA), based in Washington, want to change what they see as the miscast image of actuaries as boring executives immersed in numbers as turgid as they are incomprehensible.

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