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2011-07-07 14:55:00

SEATTLE, July 7, 2011 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans. In June, these plans experienced a $10 billion investment loss but still saw an overall improvement in funded status due to a $35 billion liability reduction. This resulted in a $25 billion improvement in the funded status deficit, bringing it to $186...

2011-06-07 07:00:00

SEATTLE, June 7, 2011 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans. In May, these plans experienced flat asset performance and a $26 billion liability increase due to a drop in interest rates. This resulted in a $26 billion increase to the funded status deficit, bringing it to $210 billion. "As was the case last...

2011-05-11 08:00:00

SEATTLE, May 11, 2011 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of the 2011 Milliman Medical Index, which measures the total cost of healthcare for a typical family of four covered by a preferred provider organization (PPO). The 2011 MMI cost is $19,393, an increase of 7.3% over 2010, which is the lowest annual rate of increase in more than a decade. Yet even though the rate of increase is the lowest in recent memory, the...

2011-04-12 13:42:00

SEATTLE, April 12, 2011 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today announced that it will provide its risk adjustment software, Milliman Advanced Risk Adjusters (MARA), to states implementing a health insurance exchange. MARA provides a library of risk adjustment tools. The software can work with varying data sources and has both concurrent and prospective models that will provide states with the kinds of insights necessary to effectively...

2011-04-11 12:22:00

SEATTLE, April 11, 2011 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans. In March, these plans experienced no asset growth but did see liabilities decrease by $16 billion based on an increase in the discount rate. "Last month's neutral asset performance illustrates the liability-driven nature of the corporate pension...


Latest Actuaries Reference Libraries

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2009-04-28 18:55:13

Thorvald Nicolai Thiele was born on December 24, 1838 and died on September 26, 1910. He was a famous mathematician, astronomer and statistician. He is best known for the interpolation and three body problem. He was the first to hypothesize Brownian motion which was derived from his study of cumulants. He founded the Hfnia Insurance Company and acted as their Mathematical Director. He also led the way for the organization of the Danish Society of Actuaries.

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Word of the Day
sough
  • A murmuring sound; a rushing or whistling sound, like that of the wind; a deep sigh.
  • A gentle breeze; a waft; a breath.
  • Any rumor that engages general attention.
  • A cant or whining mode of speaking, especially in preaching or praying; the chant or recitative characteristic of the old Presbyterians in Scotland.
  • To make a rushing, whistling, or sighing sound; emit a hollow murmur; murmur or sigh like the wind.
  • To breathe in or as in sleep.
  • To utter in a whining or monotonous tone.
According to the OED, from the 16th century, this word is 'almost exclusively Scots and northern dialect until adopted in general literary use in the 19th.'
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