By Steven F. Malerich
To improve accounting for insurance contracts, the Financial Accounting Standards Board (FASB) has decided to eliminate retrospective DAC adjustments, but to require retrospective updates for traditional life and health insurance reserves.
By Tom Toce
The previous puzzle was “Cryptic Squares,” and I was going to call this one “More Cryptic Squares.” But “Cryptic Squares” had eight 5 x 5 word squares and hence 80 clues—and I’m not making that mistake again!
By Josh Feldman
During the dog days of summer, someone saw me struggling while running in the excessive heat and humidity that frequently blankets the Midwest, and asked me why I bother running during the hottest months of the year.
By Sam Gutterman
What’s going on with fertility and mortality, the fundamental building blocks of demography, the endpoints of life?
By Mike Jennings and Roy Ju
First, let’s set the stage. A rite of passage for anyone aspiring to actuarial work is the exam process.
By Tom Toce
The answers to the clues yield four four-letter words, four six-letter words, four seven-letter words, and one 16-letter word.
By Stephen Meskin
Let {a1, a2, ..., an} be a non-empty set of relatively prime positive integers, for example {3, 8} for n = 2 or {6, 10, 15} for n = 3.
By Bob Rietz
We recently (finally?) sold our mountain cabin and moved to a condo within walking distance of downtown Asheville, N.C.