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While the average return of insurance-linked securities (ILS), catastrophe bond and reinsurance linked investment funds was 0.3% in February 2020, some cat bond funds became early victims of the coronavirus pandemic and suffered a decline due to the devaluation of the World Bank’s pandemic bonds. February’s 0.3% average ILS fund return is the best performance…
Read MoreThe novel coronavirus respects few boundaries. When you drive, everything from your car’s interior to the pump at the gas station poses risks. The source of the disease COVID-19 also can contaminate your home’s interior — and even your clothes. It’s not the usual blah, blah, blah. Click here to sign up for our free…
Read MoreThe idea of staying home and working in your pajamas can sound appealing. But use caution when searching for such work. That great-sounding work-from-home job offer may be an internet scam in disguise. Most job websites are not policed carefully, says Brie Weiler Reynolds, senior career specialist and coach at FlexJobs, in an interview. Steve…
Read MoreWelcome to the Social Security Q&A. You ask a Social Security question, our expert provides the answer. 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 in receiving thousands…
Read MoreThe CATCo Reinsurance Opportunities Fund Ltd., the listed retrocession focused investment fund strategy managed by Markel CATCo Investment Management, is set to buy-back almost $30 million of shares in a first compulsory purchase and the purchase is being made at NAV, which is well-above the current listed share prices for the fund. Markel CATCo Investment…
Read MoreAs our sister publication Reinsurance News reported yesterday afternoon, Lloyd’s has asked its members that have been hit by sizeable losses as a result of the Covid-19 coronavirus pandemic to accelerate capital injections with the goal of stabilising the markets capital position. Rating agency S&P Global Ratings explained that currently losses from Covid-19 falling to…
Read MoreWe have all listened repeatedly to the many confused, confusing, and misleading statements coming from the White House in the midst of this pandemic, unprecedented in its scope and existential threat. Responding to all the misstatements would be a full-time job. However, the barrage of reckless comments made about drug treatments for COVID-19 during a…
Read MoreAmericans are receiving rebate checks as part of the federal government’s economic response to the COVID-19 crisis—but in a few states, at least some of those checks could be taxed. Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, up to $1,200 rebates are provided for individuals ($2,400 for joint filers), with an additional…
Read MoreAs I get ready for work, my children, aged 3, 8 and 14, run to me and give me hugs so tight that I catch my breath. It also makes me realize that I have now developed a soft tummy that will need hours in the gym to flatten out. Flatten the curve, so to…
Read MoreThe Financial Accounting Standards Board plans to propose that private companies and not-for-profit organizations get an extra year to implement the lease accounting standard while they deal with the pandemic, while also giving private franchisor companies an extra year to get ready for the revenue recognition standard. Original Article Posted at : https://www.accountingtoday.com/news/fasb-proposes-to-delay-accounting-standards-in-response-to-coronavirus
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