Finite Insurance: Beyond the Scandals
To accounting skeptics, finite insurance can look like a way for a corporation to retain risks without really retaining them and fer risks without really ferring them. To be sure, there's little doubt that finite coverage can
Which, By The Way, Does Indeed Affect Imperial Policy Including
The enquiry also documented the practice of ‘finite insurance’, by which companies entered an agreement with an insurer to guarantee a top-up payment in case they proved unable to meet an earnings target. Not only would this make it
"BOY, DID WE SCREW UP!"
You have to buy prescription medicine or cannot get health insurance. You think it borders on foolhardiness to insist we continue burning petroleum when it is obviously a finite resources leaving us at the mercy of those with oil.
Bob Cooney Resigns from Max Re
Max Re said it has decided to restate quarterly and annual results from 2001 through 2005 to reflect concerns that oral side agreements had negated the supposed risk fer in two finite insurance deals. Regulators such as New York
SEC Charges Ex-RenaissanceRe Controller
The former controller of RenaissanceRe and two others used finite insurance to "park" excess revenue until it was needed to boost financial statements, the SEC claims
Nipping One in the Bud
It would be nice to know this: assuming that one has a finite income, the choices one makes as to how it’s to be spent is But Professor, you may object, how can you say this when everyone knows how expensive health insurance is?
Max Re CEO Cooney resigns as finite probe reopens
HAMILTON, Bermuda—Max Re Capital Ltd.’s chairman and chief executive officer, Robert J. Cooney, has stepped down in the wake of a reopened investigation into the reinsurer’s accounting for certain finite risk contracts, Max Re announced
Gen Re is latest victim of SEC finite investigations
GENERAL Re, a unit of Warren Buffett’s Berkshire Hathaway conglomerate, is being investigated by the US Securities and Exchange Commission (SEC) over finite reinsurance deals. Connecticut-based Gen Re disclosed in a state regulatory
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2005 March Newsletter.qxp
finite risk insurance and reinsurance products. Regulatory concern definition of finite insurance/reinsurance and, therefore, would become
Accounting for the Abuses at AIG
The issue in this deal, as in many finite insurance contracts, is whether AIG was providing insurance coverage or receiving a loan. To be insurance, AIG
Unintended Consequences: Spitzer and SEC investigate "finite
New York Attorney General Eliot Spitzer has joined forces with the SEC to investigate such "finite insurance" or "loss-mitigation insurance" agreements,
Infinite risk? The abuse of finite insurance uncovered at AIG and
Infinite risk? The abuse of finite insurance uncovered at AIG and other insurers may be just the tip of the iceberg from CFO: Magazine for Senior Financial
GE Receives General Subpoena On Finite Insurance Business Wire
'GE Receives General Subpoena On Finite Insurance' from Business Wire in Business & Finance provided free by LookSmart Find Articles.
Finite Insurance: Beyond the Scandals, from CFO Publishing
To accounting skeptics, finite insurance can look like a way for a corporation to retain risks without really retaining them and fer risks without
Fuss About Finite Risk: Opening Salvoes Are Fired
ELIOT Spitzer, the energetic attorney-general for New York, has fired the opening salvoes in the campaign against finite insurance and reinsurance deals.
Finite Insurance Analysis
Finite insurance is one of those situations where logic takes you to a place To avoid this result, finite insurance deals evolved to provide a patina of
White Collar Crime Prof Blog: GE Gets Picked for the Finite
GE Gets Picked for the Finite Insurance Subpoena Team. For those of us who were less-than-stellar athletes, it was always tough waiting to be picked for the
Insurance Compliance Week - Article
The entity that determines generally accepted accounting principles has indicated it will examine finite insurance contracts, in response to the concerns of finite+insurance: finite+insurance