U.S. Insurers ask FASB to Reconsider Contract Models

GNAIE wants separate models for short-duration non-life and long-duration life contracts.

INN Breaking News, September 7, 2011

INN Editorial Staff

North American insurers called on the Financial Accounting Standards Board (FASB) to consider two separate models for insurance contracts: one for short-duration non-life contracts and another for long-duration life contracts. The request relates to insurers’ investor concerns over proposed modifications to those accounting standards.

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