Insurance


The Treasury Department proposed a rule that would defer until December 31, 2005, the expiration of provisions of the Terrorism Risk Assurance Act of 2002 requiring property and casualty insurers to offer coverage for terrorism-related losses described in the act ( www.treas.gov/press/releases/reports/ ). Currently the law mandates that insurers make such policies available through the end of 2004 and that the coverage must not differ materially from the terms, amounts and other insurance limitations applicable to losses stemming from events other than acts of terrorism. Comments are due July 6.

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100th ANNIVERSARY

Black CPA Centennial, 1921–2021

With 2021 marking the 100th anniversary of the first Black licensed CPA in the United States, a yearlong campaign kicked off to recognize the nation’s Black CPAs and encourage greater progress in diversity, inclusion, and equity in the CPA profession.