CFO / Financial
Judge to Rule on San Bernardino Bankruptcy, Pensions Loom
The city of San Bernardino is expected to learn on Wednesday if it is eligible for bankruptcy protection despite the opposition of California's powerful public pension system - an important test for ...
Warren Buffett’s Pension Fund Management Advice: Saft Column
Here is Warren Buffett's pension fund management advice in a nutshell: Be patient, buy only a few things, ignore the stock market until it becomes irrationally optimistic, at which point sell. A ...
FASB, IASB Proposing ‘Transformational’ Changes in Insurance Accounting
The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) separately released proposals recently that represent a transformational change to measurement and ...
P/C Earnings Soar in Q2; Specialty Insurer Premiums Grow Most: Moody’s
In spite of slowing rate hikes, property/casualty insurers rated by Moody's reported an aggregate 58 percent jump in bottom-line results for second-quarter 2013, with combined ratio improvements and ...
Meadowbrook Says Class Action Without Merit
Acknowledging that class actions are often launched against public companies that experience stock drops, Meadowbrook Insurance Group nonetheless issued a press statement on Thursday to respond to a ...
Corporate Risk-Taking Unrelated to Top Exec Pay at Banks
Cutting or regulating the paychecks of top executives won't avert future economic crises and recessions because the source of corporate risk taking and fraud typically emerges from non-executive ...
Seven Straight Years of Reserve Releases: Fitch
Property/casualty industry prior-year loss reserves have developed favorably for seven straight calendar years, according to a new report from Fitch Ratings, which also says the industry reserve ...QBE Profit Plunges 37%; CEO Neal Targets Costs
QBE Insurance Group Ltd., Australia's largest insurer by market value, fell the most in nine months in Sydney trading after reporting a 37 percent drop in first-half net income. QBE shares were 8.3 ...