Implementation of the Medicare Secondary Payer (MSP) Mandatory Reporting requirements has been pushed back to January 1, 2011. This delay will afford affected insurers more time to understand and prepare for the changes.
For years the Internal Revenue Service has essentially been saying that if it "walks like a duck and talks like a duck, for all intents and purposes, it is a duck"
American International Group, Inc. said today it intends to sell in a public offering the remaining 9,192,662 shares of common stock of Transatlantic Holdings, Inc. owned by American Home Assurance Company, an AIG subsidiary.
Insurance industry representatives said President Obama's new effort to tax insurers who cede premiums to overseas affiliates is far tougher than previous proposals aimed at low-tax offshore havens.
I know I have discussed cloud computing in this column before, but the fact is it just won't go away. Every day I am inundated with news articles and calls from sales people telling me the cloud is where I need to be.
A leader of an Allstate agents group said the insurer, after converting agents to independent contractor status, is treating them like employees, prompting the producers to ask for an Internal Revenue Service probe.
Confirming the insurance industry's view of risk distribution in a reinsurance situation, the Internal Revenue Service recently issued Revenue Rule 2009-26.