Tuesday, December 08, 2009
Accounting Change to Boost Insurers' Books by $11 Billion
State insurance regulators approved an accounting change tied to income taxes expected to add more than $11 billion in capital to life insurers' balance sheets at year-end... The change represents one of the biggest single capital-relief items sought by the life-insurance industry in a package of overhauls presented by a major trade group late last year... WSJ: Accounting Change to Boost Insurers' Books by $11 Billion