One of the jarring results of the COVID-19 pandemic has been disruption to the rhythm of our daily lives. Routines, regular activities and traditions have all changed as the result of imposed restrictions, personal safety choices and a mixture of both. In the insurance industry, actuaries and other professionals who rely on patterns such as claim reporting lags and loss development factors are now working to understand how emergency declarations, temporary court closures and changes in insured behavior have impacted these patterns. In this blog, I’ll highlight specifically how changes to statutes of limitations because of the COVID-19 pandemic may affect reporting of medical professional liability claims.

In 2020, the Minority High School Scholars Analytics Academy, or MHSSAA, will mark its 25th year. The time is right once again to pause and honor this program and all that it represents to the insurance industry, the actuarial profession and the students it serves. Through the MHSSAA, participating students from around the country learn about how insurance works, the requirements of the actuarial profession and the role of analytical skills in solving real-world business problems.  

When I recently scheduled an OB-GYN appointment, the first available opening was nearly two months out. Many women already wait months to see a physician for routine care. The critical nature of the aging OB-GYN workforce is clear, and this crisis will force some substantial changes for both patients and insurers.