Statutory expenses derive from statutory accounting, a system of accounting used by the insurance industry in the United States. Most consider statutory accounting more conservative than accounting ...

The NAIC’s Statutory Accounting Principles (E) Working Group adopted three interpretations related to COVID-19 last week. The statutory accounting exceptions allows insurance reporting entities to ...

As tort litigation and natural disaster costs increased in the United States, beginning in the early 1990s, reinsurance became more popular as a method of mitigating risks faced by insurance companies ...

NOV Inc. (NYSE:NOV) operates in close alignment with upstream activity trends, evolving customer project schedules, and ...

Disputes between what accounting standards permit and what regulatory authorities in Kenya allow have become increasingly frequent over the years, particularly in relation to line items that directly ...