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Last updated on April 16, 2014 at 11:32 EDT

Latest Actuary Stories

2013-02-01 16:26:37

Academy Applauds Foster's Service to Public and Profession WASHINGTON, Feb. 1, 2013 /PRNewswire-USNewswire/ -- The American Academy of Actuaries offered a heartfelt thank you to Richard S. Foster, who is retiring this week as Centers for Medicare and Medicaid Services Chief Actuary after a long and distinguished career in public service. During his 18 years at CMS and previous 13 years as Deputy Chief Actuary of the Social Security Administration, Foster devoted his entire actuarial...

2013-01-14 16:23:01

WASHINGTON, Jan. 14 2013 /PRNewswire-USNewswire/ -- In a letter to President Obama and congressional leaders today, the American Academy of Actuaries urged the appointment of an actuary to serve on the new Commission on Long-Term Care, which was established as part of the American Taxpayer Relief Act of 2012 and signed into law by the president on Jan. 2. The commission was created to develop a plan for the design, financing, and implementation of a system that ensures access to long-term...

2012-11-15 16:20:51

Agency That Manages State Program For Low-Income, Good Drivers Wants To Charge $40 More Than is Warranted, Group Says SANTA MONICA, Calif., Nov. 15, 2012 /PRNewswire-USNewswire/ -- Low-income Californians with good driving records should be given a 3.9% rate decrease on the state's innovative Low Cost Auto Insurance Program, according to an actuarial analysis Consumer Watchdog submitted to the California Department of Insurance Wednesday. The Insurance Commissioner is conducting an...

2012-11-15 12:26:35

SEATTLE, Nov. 15, 2012 /PRNewswire/ -- Milliman, a premier global consulting and actuarial firm, announced today that it has developed a marketing alliance with We Predict to bring advanced analytics capabilities to clients of both firms. We Predict has developed an automated warranty data analytics service called Indico. Indico uses actuarial mathematics to perform massive comparative parallel analyses, accelerating issue detection and demonstrating hidden savings. Simple data...

2012-11-13 16:26:22

NEW YORK, Nov. 13, 2012 /PRNewswire/ -- National Financial Partners Corp. (NYSE: NFP), a leading provider of benefits, insurance and wealth management services, today launched its Health Care Reform Modeling Tool, a Web-based actuarial analysis tool that delivers customized assessments of the potential financial consequences of the Patient Protection and Affordable Care Act (PPACA) to employer groups. This easy-to-use yet powerful solution provides NFP's benefits professionals with yet...

2012-10-15 15:22:38

WASHINGTON, Oct. 15, 2012 /PRNewswire-USNewswire/ -- The American Academy of Actuaries presented the 2012 Robert J. Myers Award for Public Service to Julia Philips, MAAA, FSA, during a ceremony held earlier today. Philips was selected in recognition of her extraordinary contributions to the public good over more than 30 years of service as an actuary. She currently serves as a Life and Health Actuary with the Minnesota Department of Commerce in St. Paul. (Logo:...

2012-10-15 15:22:36

Board of Directors Also Elects Five New Officers WASHINGTON, Oct. 15, 2012 /PRNewswire-USNewswire/ -- The American Academy of Actuaries board of directors has elected Tom Terry to the position of president-elect. Terry, president of TTerry Consulting, Chicago, will succeed Cecil Bykerk as president for the 2013-2014 term. (Logo: http://photos.prnewswire.com/prnh/20100322/AAALOGO) Terry currently serves as Chairperson of the Academy's Public Interest Committee. He is a former Vice...

2012-10-15 15:22:32

WASHINGTON, Oct. 15, 2012 /PRNewswire-USNewswire/ -- The American Academy of Actuaries announced the beginning of the terms of the three regular director members elected by its members in online balloting this past summer. Shari Westerfield, Katie Campbell, and Godfrey Perrott are now regular directors on the professional association's board of directors. They will serve three-year terms. (Logo: http://photos.prnewswire.com/prnh/20100322/AAALOGO) Westerfield is the senior actuary leading...

2012-10-15 15:22:28

WASHINGTON, Oct. 15, 2012 /PRNewswire-USNewswire/ -- The American Academy of Actuaries honored three of its volunteers, Shawna Ackerman, Mita Lodh, and Mike Ward, for their contributions to the professional association and their efforts to advance its mission. The three actuaries were presented with the Award for Outstanding Volunteerism during a ceremony held earlier today. (Logo: http://photos.prnewswire.com/prnh/20100322/AAALOGO) "The Academy benefits each year from the substantive...

2012-10-09 15:24:55

Actuaries Release Voter Guide on Medicare Reform Model WASHINGTON, Oct. 9, 2012 /PRNewswire-USNewswire/ -- A premium support model has been advocated by some as a way to bolster the Medicare program's long-term financial solvency. Under premium support proposals, Medicare beneficiaries would receive government funds to use toward paying the premiums of health plans of their choice, with possibly the traditional Medicare program being one of the choices. (Logo:...