The nurseryman’s solution

Via Kevin Drum, a consultant’s tale of workers comp risk management. I pass along it reluctantly, for the same reason the storyteller is remorseful: Back in the late 90s, my team was hired by a large nursery to help them get their workers compensation claims under control. For those that have never worked in the [...]

AAA’s Social Security spin grows

The Committee for a Responsible Federal Budget swallows AAA’s line about a cut in Social Security benefits not being a benefit cut. I wrote about it here. The committee got AAA’s obfuscation and passes it along heartily: So when the American Academy of Actuaries sent a letter to the Commission arguing for raising the retirement [...]

The actuary’s dilemma plays out in India

Scrapped insurance products bring actuaries in spotlight. The article is deep inside baseball concerning the insurance market in India. I can’t comment on those particulars, but the dilemma the article spells out should be familiar to most actuaries: According to [Institute of Actuaries of India (IAI) president Liyaquat Khan], an appointed actuary is first an [...]