Published reports point to a lawsuit filed in October by the University of California Board of Regents against Aon Hewitt for actuarial malpractice in the creation of a self funded student health plan. From the Daily Californian:
The UC Board of Regents filed a lawsuit Tuesday against Aon Hewitt, alleging the firm’s “negligent” actuarial and consulting services caused the UC Student Health Insurance Plan to run a deficit of more than $57 million over the past three years.
The suit, filed in Alameda County Superior Court, seeks to reclaim as much of the $57.41 million deficit as possible, along with the costs the university paid for Aon Hewitt’s services.
You can get a copy of the complaint here.
Actuarial malpractice suits involving health actuaries are relatively uncommon, but not unheard of.