FASB issued a proposed accounting standards update Thursday to amend the transition guidance in Accounting Standards Update No. 2018-12, "Financial Services — Insurance (Topic 944): Targeted ...
At its Summer National Meeting in Chicago (August 12-15, 2024), the NAIC announced important guidance relating to the statutory accounting treatment of insurance companies’ investments in bank credit ...
The Financial Accounting Standards Board has proposed a big change in accounting for insurance companies that deal in long-duration contracts like life insurance, annuities, disability, and long-term ...
Blair Baldwin is the cofounder and CEO of Boundless Rider, an insurance startup focused on motorcycles, e-bikes and powersports vehicles. A few months ago, I received an email from an old friend who ...
While U.S. companies will have to wait a little longer for a final standard on insurance contracts, the International Accounting Standards Board has issued its new rules, considered among the most ...