December 12, 2005
2006 Exam Calendar
There will be four testing windows for Exam P/1 by computer-based testing (CBT) in 2006. In a limited number of localities where CBT is not available, the exam will be offered by paper and pencil (see details below).
|Winter 2006||Spring 2006||Summer 2006||Fall 2006|
|Registration Deadline||Dec. 15, 2005||Mar. 15, 2006||June 15, 2006||Sept. 15, 2006|
|CBT Dates in Canada/U.S.||Feb 21-23, 2006||May 16-19, 2006||Aug. 15-18, 2006||Nov. 28 - Dec. 1, 2006|
|CBT Dates in countries outside Canada/U.S.||Feb. 21-22, 2006||May 16-17, 2006||Aug. 15-16, 2006||Nov. 28-29, 2006|
|Paper and Pencil exam at select sites||Feb. 21, 2006||Not offered||Not offered||Not offered|
Posted by Tom Troceen at 01:40 PM
Mercer Human Resources bringing actuarial jobs to city
New York City-based Mercer Human Resource Consulting LLC, which previously announced tentative plans to add 103 jobs with an estimated annual payroll of $6.56 million, has decided to bring those jobs to Louisville.
The international HR firm sought state tax incentives for the local expansion, in which Mercer will consolidate much of its actuarial work in Louisville.
As Business First reported in late September, the Kentucky Economic Development Finance Authority granted Mercer preliminary approval for up to $2.8 million in tax credits for up to 10 years.
But at the time, firm officials had not determined whether the positions would be located in Louisville and were considering locations in other countries, including Ireland, India and South Africa.
Posted by Tom Troceen at 01:38 PM
Actuarial Analysis Concludes “Permanent” Solution Needed for Economic Consequences of Terrorist Acts
Insured Losses from Terrorist Attack Could be $700 Billion
The TRIA subgroup of the American Academy of Actuaries issued a statement today that concluded that the “magnitude of potential insurance claims due to terrorist events makes permanent federal legislation necessary in order to make terrorism coverage widely and readily available.” The subgroup based its conclusion on its analysis of the potential impact of terrorist attacks and “how an insurer may react to a sudden change in its perceived exposure to catastrophes.” The statement was sent to Congressional leaders and Treasury Secretary John Snow because “certain key results of the Subgroup’s analysis are relevant” to the bills to extend and modify the Terrorism Insurance Act of 2002 that Congress is considering.
“Because of the potential for terrorist attacks that cause very large losses, the Subgroup does not believe there is any strategy that could develop sufficient terrorism insurance capacity without some form of legislation to limit insurer liability should these events occur,” they said in their statement.
The results of a major terrorist attack could be catastrophic and could overwhelm the insurance industry. “Terrorists with access to nuclear, biological, chemical, and radiological weapons of mass destruction have the potential to cause single-event catastrophic insured losses many times the size of the total insured losses from Sept. 11, 2001. Modelers now estimate that terrorists with such weapons could cause insured losses ranging up to about $700 billion, depending on weapon type and location.” For a copy of the statement go to http://www.actuary.org/pdf/casualty/tria_dec05.pdf . To arrange an interview with an Academy spokesperson, contact Chris Robichaux at 202-223-8196, Robichaux@actuary.org .
Posted by Tom Troceen at 01:29 PM