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Last updated on April 19, 2014 at 7:31 EDT

Latest Actuary Stories

2012-06-20 02:26:49

Survey shows 66 percent of actuaries expect annual health care costs for large group employers and individuals to go up at least 5 and 10 percent, respectively SCHAUMBURG, Ill., June 20, 2012 /PRNewswire-USNewswire/ -- As the country awaits the highly anticipated ruling by the U.S. Supreme Court this month to uphold or overturn the Patient Protection and Affordable Care Act (ACA), a new Society of Actuaries (SOA) member survey reveals concerns about increasing health insurance...

2012-05-31 06:30:17

CARLSBAD, Calif., May 31, 2012 /PRNewswire/ -- While jobseekers in many U.S. cities battle an unemployment rate of 8% or more, those in the nation's capital region are faring well, according to CareerCast.com's new report on the best jobs in the D.C. area. Job seekers with a degree or experience in Science, Technology, Engineering and Mathematics (STEM) have little or no trouble finding jobs in the Washington, D.C. market. In fact, with double the number of STEM jobs compared to...

2012-05-15 06:29:31

SEATTLE, May 15, 2012 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2012 Milliman Medical Index (MMI), which measures the average healthcare costs for a typical American family of four receiving healthcare through an employer-sponsored preferred provider organization (PPO) plan. The average cost of care for this typical family in 2012 is $20,728. While the 6.9% increase over 2011 is the lowest rate of increase in the ten...

2012-04-27 06:23:42

Objective User-Friendly References Offer What to Ask, How to Evaluate Answers WASHINGTON, April 27, 2012 /PRNewswire-USNewswire/ -- The non-partisan American Academy of Actuaries today released Voters' Guides to Medicare and Social Security. The guides provide objective information on an array of financing and benefit changes that could be made to improve the sustainability of the two programs. (Logo: http://photos.prnewswire.com/prnh/20100322/AAALOGO ) "During the next six...

2012-04-23 10:23:32

WASHINGTON, April 23, 2012 /PRNewswire-USNewswire/ -- The following is being released by the American Academy of Actuaries: (Logo: http://photos.prnewswire.com/prnh/20100322/AAALOGO) What: The American Academy of Actuaries' Medicare and Social Security experts will be available to offer an actuarial perspective after the programs' trustees release their 2012 annual reports. The Academy encourages policymakers to act quickly to address the sustainability of both programs. Regarding...

2012-04-18 06:24:23

Eighty-Four Percent of Risk Managers Have C-Level Input and the Power to Influence Strategic Business Opportunities SCHAUMBURG, Ill., April 18, 2012 /PRNewswire-USNewswire/ -- As the vast amount of global risks continue to increase, corporate strategic risk management is finally getting the C-suite decision-making attention it deserves, according to a new survey of members of the Joint Risk Management Section of the Society of Actuaries, Casualty Actuarial Society and Canadian...

2012-03-29 06:23:13

SEATTLE, March 29, 2012 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2012 Pension Funding Study, which analyzes the 100 largest US corporate pensions. In 2011, these pensions were defined by record-low discount rates, which led to record-high pension liabilities and a $326.8 billion pension funding deficit--a $94.7 billion increase over year-end 2010 and a new record for the 12-year history of this study. The pension funding...

2012-03-27 06:24:08

WASHINGTON, March 27, 2012 /PRNewswire-USNewswire/ -- The American Academy of Actuaries today reiterated its position on the issue of severability stated in its amicus curiae filing as the U.S. Supreme Court prepares to hear oral arguments on whether, in the Patient Protection and Affordable Care Act (PPACA), the guaranteed-issue and community-rating provisions can be severed from the Act's individual mandate. (Logo: http://photos.prnewswire.com/prnh/20100322/AAALOGO) In its January 27...

2012-01-27 14:07:00

Actuaries Say Severing Mandate from Market Reforms Will Lead to Adverse Selection WASHINGTON, Jan. 27, 2012 /PRNewswire-USNewswire/ -- The American Academy of Actuaries filed an amicus curiae brief today with the U.S. Supreme Court on the question before the court of whether to overturn a lower court ruling that the individual health insurance mandate included in the Affordable Care Act can be "severed" from the guaranteed issue and modified community rating provisions. The Academy's...

2012-01-25 07:00:00

SEATTLE, Jan. 25, 2012 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today announced the formation of the Milliman Risk Institute, which will provide scientific-based thought leadership to executive management on all facets of enterprise risk. The Milliman Risk Institute has an advisory board of eight senior risk managers and convened its first meeting on November 3, 2011; the Institute expects to publish its initial research in advance...