Three years after Hurricane Sandy swept up the East Coast, homeowners are still working to collect money for the damage they sustained. It has been a long and frustrating fight for many. Media reports highlighted their efforts and some accused insurers and engineers of colluding to under-report the damage.
Catastrophe planning should take place long before the event occurs, or the insurer will fail in its management of the claims and its duties to its clients.
Moody's says the FASB's decision not to seek convergence with the IASB on insurance contracts is negative for global investors, but U.S. insurance associations expressed support for the move.
Moody's says the FASB's decision not to seek convergence with the IASB on insurance contracts is negative for global investors, but U.S. insurance associations expressed support for the move.