NBC News, Oct. 24, 2012Employee Benefits
Several years after the financial crisis of 2008, state pension funds continue to languish. According to data released this week by Milliman, Inc. and by the Pew Center on the States, there was a $859 billion gap between the obligations of the country’s 100 largest public pension plans and the funding of these pensions.
Time, Oct. 19, 2012Employee Benefits
In a recent report, Milliman found that public pensions have 67.8% of the funds they need to meet future obligations.
Pensions & Investments, Oct. 4, 2012Employee Benefits
The funded status of the 100 largest corporate DB plans studied by Milliman was 74.5% at the end of September, up from 72.4% in August.
The Wall Street Journal, Sept. 17, 2012Employee Benefits
Sears Holdings and the New York Times Company separately announced plans to offer lump-sum pension settlements to former employees. This report (subscription to CFO Journal required) quotes Milliman principal and consulting actuary John Ehrhardt.
The Actuary, Sept. 6, 2012Life & Financial
A group of 10 people are set to become the latest actuaries to receive the global Chartered Enterprise Risk Actuary qualification from the Institute and Faculty of Actuaries, including Milliman consulting actuaries Neil Cantle and Elliot Varnell.
Microsoft, Aug. 17, 2012Life & Financial
Milliman's MG-ALFA cloud application is using Windows Azure to run high performance computing scenarios on upwards of 10,000 cores concurrently. The application enables insurance industry companies to process complex algorithms in a much more efficient manner than using traditional on-premises hardware and software.
PropertyCasualty360, Aug. 10, 2012Property & Casualty
Due to prolonged drought conditions in the Midwest, underwriting losses for 12 major corn and soybean producing states could be more than $2.8 billion, a recent Milliman report warns.
Best's Insurance News, July 17, 2012Property & Casualty
In a disaster scenario involving hydraulic fracturing, or fracking, comparable historical pollution events show pollution liability limits could be dwarfed by fracking-related pollution claims, Milliman consulting actuaries Richard Soulsby and Jason Kurtz say in this interview with A.M. Best.
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