Principle-Based Reserves

News & Analysis as of

Revenue Recognition - Are You Ready for New Principles-based Rules?

As you read this, the Financial Accounting Standards Board and the International Accounting Standards Board were expected to issue final rules on revenue recognition. The new rules are principles-based, providing a framework...more

N.Y. Insurance Regulator Rejects Industry Standard for Establishing Reserve Requirements

The Superintendent of the New York State Department of Financial Services (DFS), Benjamin M. Lawsky, has informed his fellow state insurance regulators in the National Association of Insurance Commissioners (NAIC) that New...more

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