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Two very senior insurance and reinsurance market leaders have warned that the sector is already facing “massive” losses from the Covid-19 coronavirus pandemic and that any forcing of business interruption claims on top of that could “bankrupt” the industry. The comments come from Oliver Bäte, Chief Executive Officer (CEO) of global insurance and reinsurance group…
Read MoreThe coronavirus is rapidly shifting daily routines for millions of Americans, who are looking for ways to stay busy at home. Many of these folks have been laid off or furloughed. If a job loss or pay cut has you worried about paying the bills, you’re probably looking to cut corners. While high-priced hand sanitizer…
Read MoreThis post comes from partner site WhistleOut.com. For the majority of us, fighting the COVID-19 pandemic means simply staying put. While medical professionals battle the virus, most of us are just fighting boredom. Fortunately, the entertainment industry has armed us well with streaming services like Netflix, Hulu and Prime Video. One way to get in…
Read MoreThe outbreak of severe convective weather that affected the U.S. south and eastern states this week may result in both economic and insured losses that surpass $1 billion, according to the latest update from Aon’s Impact Forecasting. At least 121 confirmed tornado touchdowns were seen in the severe weather outbreak that impacted states from Texas…
Read MoreThe in run-off CATCo Reinsurance Opportunities Fund Ltd., the exchange listed retrocession focused investment fund strategy managed by Markel CATCo Investment Management, is expecting to receive an $18.8 million return of capital from a range of side pockets in May, with the proceeds set to be used to redeem more shares. Markel CATCo Investment Management…
Read MoreThe media and policymakers have spent a lot of time focusing on the shortage of ventilators in the country. Elmhurst Hospital in Queens – one of the hardest-hit locations in the country, and where I work – received a donation of 40 desperately needed machines from Tesla a couple of weeks ago. There was a brief moment…
Read MoreIn some cases, problems with the IRS payments may be due to tax preparers. Original Article Posted at : https://www.accountingtoday.com/articles/coronavirus-payments-hit-glitches-as-irs-sends-billions-to-americans
Read MoreMajor changes are required in client services, delivery models, staffing practices and management. Original Article Posted at : https://www.accountingtoday.com/opinion/setting-your-firms-priorities-amid-the-coronavirus-crisis
Read MoreI don my PPE in the hallway, while the patient is watching the increased commotion outside of their room. They see me enter their room, introduce myself, and then position myself behind their bed. They are covered with a plastic wrap or an intubation box to protect us from their cough and secretions. They feel…
Read MoreWhere grass is not greener; MS KO; brother’s keeper; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-the-usual-noncents
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