Entries by Huggins_Actuarial

Measuring Climate Change

Climate Change is a Relative Concept – Why We Should Pay Attention to the Actuaries Climate Index (ACI) Measuring Climate Change   Headlines from a News Release on August 1, 2018 by US and Canadian Actuarial Organizations: Fall 2017 Data Reveal Extreme Weather Frequency and Sea Level Changes Continue to Drive Composite Index Values Higher […]

Analysis of Economic Scenarios Used by Huggins Actuarial Services, Inc. 2016 through 2018

OVERVIEW When Huggins’ actuaries create an Economic Capital Model, they use a state-of-the-art modeling platform designed by actuaries and other insurance professionals that is widely known as an industry standard.  These models are used to predict profits, policyholder surplus, income and other financial metrics over a pre-determined timeframe. In order to reflect uncertainty in the […]

California REG-2017-0001 Requirements and Impact

California REG-2017-0001 – Actuarial & Financial Implications Regarding Workers’ Compensation High-Deductible Policies   The New Requirements:  REG-2017-0001 is an effort by the California Insurance Commissioner and Department of Insurance to protect California workers by decreasing the risk of insurer insolvency via new regulations concerning workers’ compensation high-deductible policies.   The proposed regulation will require the insurer […]

Driverless Cars and Insurance

How Driverless Cars Affect the Auto Insurance Industry by James Chang, FCAS, CPCU, ARe, MAAA and Kim E. Piersol, FCAS, MAAA The American public has mixed feelings about giving up control of their cars’ steering wheels.  Despite the enthusiasm with which autonomous vehicles are being developed by auto manufacturers and technology companies, recent polls show […]