This popular, digital-only edition textbook includes 27 chapters with changes captured through Dec. 31, 2021, including: 2021 risk-based capital (RBC) formula, valuation of assets, SAP to GAAP comparison, 2021 statutory annual statement and RBC reporting formats, accounting guidance, mergers, acquisitions and consolidations, and internal controls. Downloads are available for seven (7) days after purchase. One download per purchase/person. Order your copy today!
IASA members Rachel Ferguson, CPA, and Tim Flaherty, CPA, have been named partners with Johnson Lambert cpas+ consultants effective Jan. 1, 2022. "Rachel and Tim embody leadership not only within the firm but also in the communities and the industries they serve," stated the media release. Both Rachel and Tim have held various volunteer and leadership roles within IASA and embody the talent and membership base that make up IASA's community. Read more here.
Experts say utilities are facing heightened litigation concerns in light of the certification of a class action against Florida Power & Light, which is accused of negligence and contract breaches with regard to power outages resulting from Hurricane Irma in 2017. The class action will include subrogation claims, which could free insurers from seeking reimbursement for Irma-related business interruption claims payouts through numerous individual claims.
A New Jersey law that took effect Tuesday allows auto insurance policyholders with uninsured or underinsured motorist coverage claims to obtain damages totaling as much as triple their policy limits in certain circumstances. The New Jersey Insurance Fair Conduct Act allows for bad-faith lawsuits alleging that a carrier has "unreasonably" denied or delayed coverage for such claims or has violated the state's Unfair Claims Settlement Practices Act.
Pacific Gas and Electric is emerging from its five-year felony probation for its conviction in a deadly natural gas pipeline explosion near San Francisco. US District Judge William Alsup was critical of the utility as he declined to prolong the probation, as some victims and PG&E critics wanted.
Life Happens CEO Faisa Stafford recommends people list what they own, what they owe and what financial products they have. This can help them gain control over their finances, reduce debt, build an emergency fund and save for retirement.
The Biden administration has developed a $50 billion plan to control wildfires by thinning forested areas near housing communities, known as "hot spots," with significantly more controlled fires and logging. The administration is also allocating over $14 billion to more than 500 projects to bolster climate resilience and improve ports.
The federal open enrollment period for Affordable Care Act plans closed Jan. 15, but some states have regular or special enrollment periods that extend beyond that date. Aetna's Paul Wingle highlights five types of clients who may qualify for an ACA plan but not realize it, including part-time workers, business owners with no employees, freelancers, gig workers and consultants.
Among American's biggest financial-advice gaps, according to a report from Hearts & Wallets, are handling market volatility, choosing the right investments, estimating required minimum distributions and estate planning. The report also found millennials and members of Generation X are more likely than baby boomers to seek professional advice on multiple financial tasks.
State-level workers' compensation bills that would create the presumption of compensability for COVID-19 are likely to undergo further consideration this year, the National Council on Compensation Insurance says in a report. In addition, bills in some states would address adverse reactions to COVID-19 vaccines with regard to workers' comp, the report says.