Game Changing Insurance Regulations

May 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-09 “Disclosures about Short Duration Contracts.” The FASB was looking to (1) increase the decision usefulness of the information about an insurance company’s insurance ….

Texas Trial Lawyer Storm Chasing May Finally Get Its Due

Is it possible Texas property and casualty insurers might finally get some relief from unscrupulous Texas trial lawyer storm chasers? The Texas House Insurance Committee has recently made inroads into the trial lawyer hail chasing tradition.

Accounting Standards Update: ASU 2016-01

On January 5, 2016, the Financial Accounting Standards Board issued Accounting Standards Update: ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Liabilities. The amendments in this update are intended to address certain aspects of recognition, measurement, presentation and disclosure of financial instruments.