Insurance

The Internal Revenue Service is offering less generous settlement terms to participants in micro-captive insurance schemes as part of its clampdown on the transactions.

BDO USA is merging in Quantum Global Advisors LLC, a Chicago-based international insurance claim and valuation consulting practice, in a deal that’s expected to close Oct. 16.

The board has voted to defer the effective date of its long-duration insurance contract standard for one year.

The Internal Revenue Service published final regulations for Achieving a Better Life Experience, or ABLE, accounts for disabled Americans.

The Financial Accounting Standards Board released a proposed accounting standards update to help insurance companies adversely affected by the COVID-19 pandemic by giving them an extra year to implement the long-duration insurance accounting standard.

To be competitive in the ever-changing landscape of professional services, financial planners need to be as holistic as possible.

Amid the economic crisis, many people are looking for sources of cash and can no longer afford their insurance premiums.

The meeting was the last in chairman Russell Golden’s term.

Both pieces of legislation have caused sweeping changes to retirement planning and wealth management.