During Hurricane Season, an Ounce of Prevention Could Lead to Significant Savings
The season for the NHL’s Carolina Hurricanes may have ended in May after falling to the New York Rangers in the playoffs, but a much more dangerous hurricane season begins this month—one that threatens lives and property, and increasingly, the solvency of insurers themselves.
Academy Unveils Content Addressing Social Security, Medicare Trustees Reports
Earlier this month, the Social Security and Medicare Boards of Trustees issued their annual reports on the financial status of the Social Security and Medicare programs. The reports showed that the Medicare Hospital Insurance (HI) Trust Fund will have sufficient funds to cover its obligations until 2036, and that the combined retirement and disability programs of Social Security have sufficient reserves to fully cover benefits until 2035.
Academy Discusses ERISA at 50, Focuses on Retirement Savings Shortfall – Contingencies Magazine
For tens of millions of Americans, retirement security is but a dream. With no or minimal savings socked away for their golden years, they will struggle economically as seniors unless something changes.
Medicare’s Financial Condition: Beyond Actuarial Balance
This issue brief examines the 2024 Medicare Trustees Report. It finds, in part, that changes are needed to improve Medicare’s long-term solvency and sustainability. Delaying corrective measures would increase the burden that might be imposed on beneficiaries and taxpayers. Any changes aiming to improve Medicare’s financial condition should be considered in light of how they would impact the program’s ability to meet the health care needs of beneficiaries.
Election Clearinghouse: Geralyn Trujillo
On this special Election Issues Clearinghouse episode of Actuary Voices, Ted Gotsch speaks with Geralyn Trujillo, the Senior Director of Public Policy at the Academy, about the work the Academy is doing to provide unbiased and balanced resources around some of the primary issues that are central to the upcoming election.
President’s Message, By Lisa Slotznick
Cyber, one of the Academy’s mega issues for the year, affects all of us due to the pervasive nature of information technology that connects us in our daily transactions.
Various manifestations of information technology—such as phones, computers, email, physical security systems with alarms, and digital security systems with firewalls—interconnect our lives. This interconnected world, in many ways, is a boon—it makes life easier. However, our cyber world can be intimidating because of the opportunities it provides for the “bad guys”—malicious actors intent on doing real harm—to exploit both individuals and businesses by unlawfully manipulating technology for their gain.