Description: This is a collection of letters to the editor ranging from exam issues to probabilities to Medicare to stock prices and more.

Description: People often describe the actuarial profession as dealing with risk. That is true, but in the case of life and health actuaries, another element may be even more important. It is the management of liabilities that accrue over time. For example, the liability associated with a group of individual life insureds increases as the group grows older.

Description: President Smith's speech focuses on the need for actuaries to be better spokepeople and advocates for good sound improvement in social programs like Social Security, Medicare and Health Care reform.