Description: This article is a brief review of the book “Crime by Computer,” by Donn B. Parker. If you have from time to time become concerned about the security of computer programs records and transactions, this book will give little comfort.

Description: 1994 SOA Spring Meeting, Orlando. The first report on a study of bond investment results of life insurance companies with high-yield bond portfolios was presented at this session. The study, covering years 1986-92, was commissioned by the Society of Actuaries Ufe Insurance Practice Research Committee.

Description: This subject of this article is the Committee of Professional Associations on Federal Statistics COPAFS, a new organization is being formed with membership composed of associations with an interest in U.S. federal statistics. The Board of Governors of the Society has authorized the Society's participation in COPAFS on a trial basis for one year. In explaining the purpose and role of COPAFS, the article notes that its formation was a result of the recommendations of the March 1978 report of the Joint Ad Hoc Committee on Government Statistics JAHCOGS, The SOA was represented on JAHCOGS by Robert J. Johansen, and he will be the SOA’s representative on COPAFS.

Description: Documents the error in the Smoker/Nonsmoker CSO Tables accepted by the NAIC, and the expected approval of the NAIC to accept use of both the erroneous and the correct mortality rates for all regulatory purposes.

Description: At our Houston meeting PD l, Donald D. Hester, Professor of Economics at University of Wisconsin, outlined a novel investment system aimed at protecting purchasing power of the lender’s funds from inflation’s ravages. This article is summary of that presentation.

Description: Author is Liaison Representative to the American Statistical Association and the Committee of Presidents of Statistical Societies. He discusses future joint meetings and sessions of the American Statistical Association and the SOA.

Description: This paper presents considerably detailed death rates according to smoking habits and health status, based on the American Cancer Society Cancer Prevention Study I, which constitutes the largest body of data currently available for the study of smoking habits. From Transactions of Society of Actuaries 1987, Vol. 39.

Description: This article shows the budget in 1981-1982 as compared to previous time periods and explains the growth in the SOA's income and expenses since 1958. Inflation, membership growth and broadened activities have all boosted the Society’s budget through the years.

Description: In authorizing blended 1980 CSO mortality tables to compute minimum nonforfeiture values under Norris-affected policies, the National Association of Insurance Commissioners noted that no change was being made with respect to using separate male and female tables for minimum valuation reserves. The purpose of this article is to call attention to how blended cash values relate to reserves.

Description: In session 142OF of the Washington Annual Meeting panelists discuss key existing research projects as well as suggestions for new projects. From the Record of the Society of Actuaries, Vol. 23, No. 3.