The biggest overhaul of insurance accounting in 30 years will advance a step on Thursday with the release of a proposal that some insurers fear could make their profits more volatile. In a move to ...

Interplay between the economic and accounting impact of new International Financial Reporting Standards (IFRS 17 Insurance Contracts and IFRS 9 Financial Instruments) is challenging the asset and ...

The act of purchasing professional liability insurance, or renewing a policy, is one that only rarely appears on an accountant’s work list. Yet there are many areas where that choice can have ...

After a decade and a half of hoping, life insurance companies are finally seeing an increase in interest rates that improves yield on assets they can purchase, but carriers might be afraid to exchange ...

Today's market for professional liability insurance is similar to markets in other industries in that it reflects the changes that the profession is undergoing. As the profession evolves, so does the ...

Discover how modified accrual accounting merges accrual and cash basis methods, its key principles, and why it's preferred by government agencies for accurate financial reporting.