Domonique Hume

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How Will Tariffs Impact Auto Insurance Rates? The Academy Is Already Monitoring Possible Effects

1 month ago | contingencies.org | Rob Fischer |Domonique Hume

By Rob Fischer Policy Project Manager, Casualty (05/5/25)It seems like everything is getting more expensive these days. For the past few years, we’ve seen and heard news reports about price increases at grocery stores and higher interest rates due to inflation. But now a new potential cost driver is emerging as a topic for the Casualty Practice Council’s and other practice councils’ work—tariffs. The president has moved forward with imposing tariffs with trading partners across the globe.
The Pacing Problem Unplugged Part 1

Jan 2, 2025 | contingencies.org | Domonique Hume

This is the first in a two-part series examining how technological innovation has thrown up new hurdles to the regulatory process. “Once a new technology rolls over you, if you’re not part of the steamroller, you’re part of the road.”—Stewart BrandBy: Srivathsan Karanai Marganit challenges the laws and regulations that are currently in vogue.
Your Membership in Action

Jan 2, 2025 | contingencies.org | Domonique Hume

Council on Professionalism and EducationNancy BehrensThe Council on Professionalism and Education (COPE) includes representatives of all Practice Councils as well as additional committees and boards that relate directly to professionalism and/or education needs of U.S. actuaries. This creates a unique opportunity to look across the work being done in any one of these areas and identify similar professionalism issues in other areas.
Leading with Purpose

Jan 2, 2025 | contingencies.org | Domonique Hume

By Bill MichalisinAS WE BEGIN A NEW YEAR AND CELEBRATE OUR 60TH ANNIVERSARY, the American Academy of Actuaries remains steadfast in its mission: serving the public and the U.S. actuarial profession by advancing the importance of professionalism and informing public policy through independent and objective research, analysis, and insights. As CEO, I am privileged to lead an organization that not only supports its members but also contributes to the broader public good.
A Value Proposition

Jan 2, 2025 | contingencies.org | Domonique Hume

WHEN I BECAME THE ACADEMY’S 60TH PRESIDENT in November—in my 40th year as an Academy member—I was reflecting on the value of being an Academy member and an Academy volunteer (27 years and counting). And, speaking of numbers, the Academy will mark its 60th anniversary this year.
New Year, New Opportunities

Jan 2, 2025 | contingencies.org | Domonique Hume

AS THE CALENDAR REMORSELESSLY EDGES TOWARD THE EVENING OF DECEMBER 31 each year, many people take it as an opportunity to take stock of what has happened in the previous year and look forward to what they would like to happen in the next 12 months. And so it is at the Academy. Our year-ahead planning process gets started early, midyear for many people, but plans coalesce and get firmed up as the year progresses. Ideas become budget lines (or not); and transitional steps and tasks become solidified.
Margo MacKenzie - Contingencies Magazine

Dec 20, 2024 | contingencies.org | Domonique Hume
2024 Academy Legislative/Regulatory Review

Dec 19, 2024 | contingencies.org | Domonique Hume

By Ted Gotsch Senior Analyst, Content and Publications (12/19/24)The Academy in 2024 monitored legislative and regulatory issues of interest at the federal and state levels across practice areas, including: Casualty Practice Issues The Federal Emergency Management Agency issued a final rule mandating that projects built using its funds consider the future risk of flooding.
NCOIL Closes Out 2024 Policy Work, Announces 2025 Leadership Changes

Dec 11, 2024 | contingencies.org | Domonique Hume

By Matthew Sonduck Director, Public Policy (12/11/24)The end of the year is transition season where you wrap up the current year’s activities and look toward the next one with equal parts optimism and apprehension. This year, a significant ongoing activity of the Academy’s public policy team was launching Actuarially Sound, a blog that features posts that span the gamut of public policy issues where the Academy engages.
Chris Lombardi - Contingencies Magazine

Nov 25, 2024 | contingencies.org | Domonique Hume

Health and benefits As a directionless business major, it was in a statistics class my freshman year. My grades were bad throughout the year, but in studying for the final exam, something clicked. I started to translate what previously felt like a completely foreign language. I was on track for a B in the class, and told my professor asking for extra credit opportunities that I wanted to change my major to statistics—but my parents wouldn’t let me unless I got an A in the class.