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Choppier profits seen on insurance accounting shake-up

By Dena Aubin NEW YORK (Reuters) – The biggest overhaul of insurance accounting in 30 years advanced a step on Thursday with the release of a proposal that some insurers fear could make their profits more volatile. In a move to align financial statements worldwide, the U.S. Financial Accounting Standards Board (FASB) aims to shine a light on what some call the “black box” of insurers’ finances …

Philadelphia Insurance Names Karen Gilmer-Pauciello New Chief Financial Officer

BALA CYNWYD, Pa. — via PRWEB – Philadelphia Insurance Companies (PHLY), a leading property and casualty insurance company for niche markets, announces the promotion of Karen Gilmer-Pauciello from Senior …

20-somethings decline even cheap insurance

The Affordable Care Act’s new insurance exchanges are designed to offer health plans at rates close to those currently only available to employees of large companies. But even young people who are offered health insurance through their workplace often turn it down, according to a new study.