Description: This article analyzes the events leading to low interest rates and recommends careful asset/liability management and risk analysis to address future challenges with interest rates.

Description: Review of the fifth and final report in the 1960 Census Monograph Series created by the Social Science Research Council. Makes a compelling case for the monograph providing a good historical and statistical analysis of the changing U.S. population and demographics.

Description: discussion of the naming of Patrick l. Brokett, Ph.D., director of the Risk Management and Insurance Program at the University of Texas at Austin as the third holder of the Thomas P. Bowles Jr. Chair of Actuarial Science.

Description: Discusses the severe adverse effects on U.S. capital markets that will occur due to the passage of FAS 115, which requires marking certain assets to market without a corresponding adjustment to liabilities.

Description: A discussion of the role and responsibilities of actuaries beyond crunching numbers

Description: A review of the Flesch formula for measuring the readability of insurance policies

Description: Article Ninety Years Ago by Moorhead in The Actuary, March 1979, Volume 13, Number 3

Description: A discussion of the formation of the Asian Committee by the Society of Actuaries to help promote actuarial education in Asia.

Description: This article discusses the June 23, 1977 Supreme Court ruling that a life insurance company must include the net valuation portion but not the associated loading of deferred and uncollected premiums in its assets and gross premium income as well as in its reserves in computing its tax liability. Some companies have been using this procedure or a modification of it for the past few years. Other companies have been filing returns conforming to IRS regulations which required including gross deferred and uncollected premiums. These companies may need to file amended returns for open tax years if they paid taxes not due or understated usable operations/loss carry forwards. The author then goes on to review the implications of the court’s decision for companies filing amended returns.

Description: Discussion of the future of the life insurance distribution system from a meeting of the Actuarial Club of the Pacific States.