Insurance

March 1, 2002

Please note: This item is from our archives and was published in 2002. It is provided for historical reference. The content may be out of date and links may no longer function.

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Tax
- International Tax
Accounting & Reporting

According to Fitch IBCA, Duff & Phelps, a rating service, life insurers face an estimated $3 billion to $5 billion in losses related to the September 11 terrorist attacks. But, Fitch says, the industry has $3.1 trillion in assets, it already pays—on average—$52 billion in claims annually, and it has benefited from recent increases in sales and the recovering value of its equity portfolio. ( www.fitchratings.com/corporate/reports/report.cfm?rpt_id=135602 )

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Insurance

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IRS guidance addresses expanded paid family and medical leave credit

FASAB provides new guidance on public-private partnerships disclosures

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