Milliman Wins Summary Judgment on Claims It Was Negligent as Pension Fund’s Actuary

Actuarial consultant firm Milliman Inc. did not act negligently or commit professional malpractice when it produced flawed actuarial reports for a pension fund that were precipitated by defective data the fund gave to Milliman, the U.S. District Court for the Northern District of Ohio ruled Aug. 10 (Tiboni v. Milliman Inc.).

Judge Donald C. Nugent found that the negligence and malpractice claims were likely time-barred, and even if the claims were not time-barred they would have failed because there was no evidence showing that Milliman did not act within acceptable professional standards for actuaries.

For 16 years, Milliman ...