The board has voted to defer the effective date of its long-duration insurance contract standard for one year.
The Financial Accounting Standards Board released a proposed accounting standards update to help insurance companies adversely affected by the COVID-19 pandemic by giving them an extra year to implement the long-duration insurance accounting standard.
Amid the economic crisis, many people are looking for sources of cash and can no longer afford their insurance premiums.
The meeting was the last in chairman Russell Golden’s term.
Both pieces of legislation have caused sweeping changes to retirement planning and wealth management.
For families who employ a nanny to care for their children in the home, there is the extra concern of what to do with their employee.
There's a great deal of help for businesses in the CARES Act and the FFCRA.
Just as in the wake of the 2008 financial crisis, experts say there's rising interest in the products among advisors.
With both companies based in Columbus, their proximity has facilitated a close working relationship and spirit of collaboration.
The risks that arise from value-based care are forcing insurers to pursue new directions in taking care of members, putting a premium on how they use data and analytics.