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Hurricane forecasts for the 2020 Atlantic hurricane season so far point to an above average year of activity ahead, with the early forecasts suggesting meteorological similarities with some particularly active historical seasons. The insurance, reinsurance and insurance-linked securities (ILS) market always watches the tropics with trepidation, given the potential for significant catastrophe losses should any…
Read MoreGlobal insurance and reinsurance group Everest Re ceded more premiums to its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle in 2019 than losses, the first year since 2016 when catastrophe impacts have been far outpaced by premium growth. While 2019 saw its fair share of major global catastrophe loss events that hit the reinsurance…
Read MoreOver the Topps; a thirst for fraud; the sky is limited; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-civic-misbehavior
Read MoreIn between snippets of conversation exchanged with my husband about how the first day of remote learning went for our 9 year old and whether the latest nanny was likely to quit given health risks associated with working in a two-physician frontline worker household in the context of COVID-19, we also discuss some potentially dangerous…
Read MoreOn March 19 we launched a tracker providing a repository of information related to state fiscal policy responses to COVID-19. We are updating the tracker frequently and will be using the Tax Foundation blog to summarize new developments and provide analysis of relevant trends as they emerge. This blog post is part of that series.…
Read MoreAs the medical director of a Midwest community emergency department that has yet to see the New York City-levels of devastation, I am begging hospital administrators across the country to begin leading their front line health care workers in preparation to meet the enemy head-on. It has become painfully clear in our hospital daily incident…
Read MoreGrowing evidence suggests that the novel COVID-19 virus can be aerosolized. To adequately protect employees, providers require not just “droplet,” but “airborne” precautions and the appropriate healthcare worker personal protective equipment (PPE). Appropriate PPE mandates an N95 mask. News reports for weeks have described hospitals working without the necessary protection for health care providers. This…
Read MoreThe Small Business Relief Initiative is designed to get money in the hands of small businesses specifically struggling to pay employees and business expenses during the pandemic. Original Article Posted at : https://www.accountingtoday.com/news/intuit-joins-gofundme-yelp-to-provide-small-business-relief-during-coronavirus-pandemic
Read MoreI’ve been reading a lot of posts expressing disappointment with the way that COVID-19 has been covered in the media and worry about the economic consequences of prolonged social distancing. This is long, and you might not care, but here’s my perspective as a former ICU nurse that witnessed many deaths, a nurse anesthetist who…
Read MoreThe Governmental Accounting Standards Board published guidance to help state and local governments transition move to newer reference rates that are less prone to market manipulation. Original Article Posted at : https://www.accountingtoday.com/news/gasb-releases-guidance-on-libor-transition
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