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By Phil Gusman, PropertyCasualty360.com |
October 20, 2011
New accounting rules effective in the 2012 first quarter will impact life insurers more than property and casualty companies, says Moody’s Investors Service, and the rules, by themselves, will not impact the rating agency’s view of insurers’ creditworthiness.
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By Phil Gusman, PropertyCasualty360.com |
August 4, 2011
Proposed changes to insurance-contract accounting standards are running into delays amid vocal opposition, but whatever final conclusions ultimately emerge, they are unlikely to have a broad impact on credit ratings since new rules, by themselves, do not alter the economic position of an entity, according to Moody’s.
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By Phil Gusman, PropertyCasualty360.com |
August 1, 2011
Proposed changes to insurance-contract accounting standards are running into delays amid vocal opposition, but whatever final conclusions ultimately emerge, they are unlikely to have a broad impact on credit ratings since new rules, by themselves, do not alter the economic position of an entity, according to Moody’s.
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By Phil Gusman, PropertyCasualty360.com |
February 2, 2011
Proposed changes to insurance contract accounting standards by the U.S. Financial Accounting Standards Board and the International Accounting Standards Board are reasonable and would improve consistency, Moody’s said.
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By Mark E. Ruquet, PropertyCasualty360.com |
September 7, 2010
Moody's revised its weekly credit report concerning deferred acquisition costs, breaking the category for insurers into three groups instead of two.
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By Mark E. Ruquet, PropertyCasualty360.com |
August 30, 2010
A change in how companies account for their deferred acquisition costs will probably have a greater impact on life and health insurers than property and casualty carriers and will not affect companies' bottom lines, a new report said.
