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Arch Capital Group, the Bermuda headquartered insurance and reinsurance specialist underwriter, has released a forecast of its potential first-quarter losses due to the Covid-19 coronavirus pandemic, saying it expects up to $145 million of losses across its property & casualty insurance, reinsurance and mortgage insurance lines of business. Arch is the first of the Bermudian…
Read MoreMillions of Americans are unable to pay their bills, thanks to a wave of massive job losses tied to the coronavirus lockdown. Now, scores of banks want to ease that pain by letting customers delay payment of some key expenses. Some of these banks will let you defer credit card and mortgage payments, while others…
Read MoreIf you have yet to file your 2019 tax return, you have some extra time this year. But now that we’re more than one-fourth of the way through the 2020 tax year, we also have a new set of federal income tax deadlines to worry about. Following is a heads-up on deadlines for the 2020…
Read MoreWelcome to our “Social Security Q&A” series. You ask a question about Social Security, and a guest expert answers it. You can learn how to ask a question of your own below. And if you would like a personalized report detailing your optimal Social Security claiming strategy, click here. Check it out: It could result…
Read MoreU.S. mortgage insurers are likely to face challenges in issuing new mortgage insurance-linked securities (ILS) at this time and their reinsurance costs are expected to rise on the back of the Covid-19 coronavirus pandemic, according to A.M. Best. The rating agency highlights the challenging situation facing the largest private mortgage insurers in the United States,…
Read MoreFrance headquartered global reinsurance company SCOR has quickly relaunched its delayed Atlas Capital Reinsurance 2020 DAC (Series 2020-1) catastrophe bond transaction, bringing it back to market at a slightly smaller size of $150 million, but with pricing boosted to better compensate and attract investors. SCOR had returned to the catastrophe bond market in mid-March with…
Read MoreIt is all about the nurses and the respiratory therapists. I watch countless brave actions every day in the ICU. These are people who, in “normal” times, spend nights, weekends, and holidays caring for the sickest of the sick. They are modestly paid, and often have little control over their schedules. They balance a stream…
Read MoreAlmost 1.2 million applications have been made since the launch of the program on April 3. Original Article Posted at : https://www.accountingtoday.com/articles/small-construction-cos-top-list-of-virus-relief-loan-approvals
Read MoreLast night, a cable news host raised an anguished alarm about the crisis of the pandemic in America’s nursing homes. It resonated. As a physician, I have worked in those places across the U.S. From the pastoral rural to the gritty inner city. Faces of people and scenes inside those walls flashed before my eyes.…
Read MoreSCOTUS is holding a set of special telephone sessions next month. Original Article Posted at : https://www.accountingtoday.com/articles/supreme-court-sets-may-12-argument-on-trump-financial-records
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