Insurers are weighing in on discussions of international accounting standards that will impact how they account for insurance contracts on their financial statements.
Representatives of the carriers are attending joint roundtable discussions of the Financial Accounting Standards Board and the International Accounting Standards Board being held today in the Norwalk, Conn., office of the FASB.
That discussion focuses on the development of a conceptual framework on measurement of assets and liabilities. It affects both property-casualty and life insurers.
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