Nephila one of the most institutional hedge fund managers

According to a survey undertaken by publisher Pensions & Investments, Markel owned insurance-linked securities (ILS) investment manager Nephila Capital is one of the most institutional hedge fund managers, based on the profile of its end-investors. Every year Pensions & Investments (P&I) surveys the hedge fund industry and provides a ranking of the largest managers, as […]

24 states vow to challenge Biden’s vaccine mandate

Dive Brief: The attorneys general for 24 states in a Sept. 16 letter threatened legal action against the federal government in response to President Joe Biden’s recently announced employer vaccine mandate. The signatories said the mandate will exacerbate a labor shortage, driving workers to quit rather than comply. The AGs alleged that the order is […]

Accretion Expense Accounting Explained with Full Example and Journal Entries

What is accretion in accounting? Accretion is the periodic recognition of an expense associated with an increase in the present value of a liability over time. This expense is recognized as an operating expense in the statement of income. In practice, accretion expense is commonly recognized in relation to an asset retirement obligation (AROs). An […]

RMDs in 2021

Last year, the Setting Every Community Up for Security Enhancement (SECURE) Act increased the age for required minimum distributions (RMDs) from 70½ to 72. The purpose of RMDs is to spread out the tax burden associated with the years of tax-deferred earnings investors accrued in qualified retirement plans.1 If you expect RMDs to be an […]

Are life insurance premiums tax-deductible?

Are life insurance premiums tax-deductible? Life insurance premiums are not tax-deductible unless they’re a business expense, charitable contribution, or part of an alimony agreement. Read More…

Washington Proposes 3.1% Increase in Workers’ Comp Rates for 2022

The Washington Department of Labor & Industries is proposing an increase in the average price employers and workers pay for workers’ compensation insurance next year. If the proposal is adopted, it would be the first time in five years that … Original source: https://www.insurancejournal.com/news/west/2021/09/21/633117.htm