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June 2013, Page 2

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 …

NM current insurance regulator to remain in office

State Insurance Superintendent John Franchini was selected Wednesday to remain as New Mexico’s top insurance regulator when his office becomes an independent governmental agency next month. A nine-member …

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.

When Don’t You Need Life Insurance?

Insurance is a subject that even confounds people who know a lot about finance. While you need it like you need food, sometimes you don’t. Policies can be expensive. AdviceIQ contributor Rick Kahler, who runs Kahler Financial Group in Rapid City, S.D., is a font of common sense and practical financial knowledge – and unravels this question.