ASC 842 Lease Accounting: 10 Best Practices for Day Two and Beyond

Adoption of ASC 842 lease accounting guidance is challenging, and most companies that have worked on compliance just want to get to a finish line. But it’s not a race. It’s an ongoing process that needs refinement to develop the… The post ASC 842 Lease Accounting: 10 Best Practices for Day Two and Beyond appeared […]

Climate change not yet a significant determinant of reinsurance pricing: S&P

Analysis from S&P Global Ratings suggests that reinsurance firms may be underestimating their natural catastrophe exposures by anywhere from 33% to as much as 50%, as they grapple with incorporating climate change into their decision-making process. After running a stress test on reinsurance firms designed to illuminate the potential exposure to climate risk at an […]

Yogi adds 7 new ministers including Jitin Prasada ahead of polls

Uttar Pradesh Chief Minister Yogi Adityanath on Sunday expanded his cabinet by inducting seven new ministers. All the new ministers were administered oath of office and secrecy by Governor Anandiben Patel at a hurriedly convened ceremony at the Raj Bhavan, in the presence of the Chief Minister and his cabinet colleagues. See Zee Business Live […]

Ask Larry: What Will Our Family Maximum For Social Security Benefit Be?

Today’s column addresses questions about the family maximum that can be collected on a single record, answering a question about working this year while applying for Social Security benefits and potential availability of divorced survivor’s benefits. Original source: https://www.forbes.com/sites/kotlikoff/2021/09/26/ask-larry-what-will-our-family-maximum-for-social-security-benefit-be/

California Commissioner Orders FAIR Plan to Offer Increased Coverage

California Insurance Commissioner Ricardo Lara on Friday ordered the FAIR Plan to offer a homeowners policy, in addition to its current dwelling fire coverage, with more traditional homeowner features, such as coverage for water damage, theft, and loss of use. … Original source: https://www.insurancejournal.com/news/west/2021/09/24/633787.htm