At its 2014 Summer Meeting yesterday, the NAIC adopted amendments to its model regulation concerning Long Term Care Insurance.

The Department of Labor has released Advisory Opinion 2005-02A providing further guidance on the duty of insurance companies providing insurance coverage to ERISA pension and welfare benefit plans to furnish information to plans on commissions and fees paid to brokers, agents, and other persons

The RTS comes into effect on 26 June 2014.

When handling actuarial matters in the courts, a significant aspect of the task involves translation.

FINRA proposed a rule amendment to restrict access to representative- and principal-level qualification scores.

In a decision earlier this year, a New York appellate court affirmed prior decisions holding that actuaries are not "professionals" like lawyers, doctors and accountants.

Legal risk management for actuaries involves recognizing that different types of assignments have different levels of risk.

The Actuarial Standards Board has adopted revised versions of two important actuarial standards of practice for the calculation of pension plan liabilities which will go into effect in 2014.

The U.S. District Court for the Northern District of Illinois recently dismissed breach of fiduciary duty claims leveled against an actuary in the case Chua v. Shippee.

Published reports point to a lawsuit filed in October by the University of California Board of Regents against Aon Hewitt for actuarial malpractice.

Under the Affordable Care Act, actuarial value is utilized to help individuals and the small business market understand and compare health plan options offered inside and outside of new health insurance exchange marketplaces.

When US District Judge Anita Brody rejected the proposed settlement of the National Football League players concussion class action lawsuit in January, she did so because there was an insufficient record in front of her regarding the potential future claims in comparison to the size of the settlement fund being established.

Sometimes you don’t know who won an appeal until the very last pages of the decision, but not so in "San Allen, Inc. v. Buehrer".

This is to alert, but not alarm, you about a consequence of the recent financial decline that you may have overlooked: the effect on life insurance policies.

The Actuarial Standards Board has issued a request for comments regarding the standards governing actuarial work for public pension plans.

Many scenarios create the need for a company to obtain an actuarial valuation.

Tremont Capital Management’s TASS Research recently released data that showed 2003 was a record year for in- flows into hedge funds, in particular due to increasing interest from institutional investors. By December 31, 2003, $72.2 billion was invested in hedge fund strategies, leaving the size of the global hedge fund industry at the end of 2003 at $750 billion. The European hedge fund industry has recently seen significant investor interest from larger pension funds.

Every university wants to encourage their alumni to include the university in their estate plans or charitable giving plans. But what happens if the gift is designed to occur in the future and the fund for which the alum earmarked his gift no longer exists when the time finally comes for distribution? Can the university still collect the money?

The Actuarial Standards Board has several exposure drafts for new actuarial standards of practice and revisions to existing standards.

The discipline by which an organization in any industry assesses, controls, exploits, finances and monitors risks from all sources for the purpose of increasing the organization's short- and long-term value to its stakeholders.