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Why CPAs face more risk than ever before
[ad_1] The accountant’s role has morphed into something more complex and liability prone. With firms offering services like investment consulting, offshore outsourcing, and even insurance sales, they’ve entered regulatory minefields – without necessarily updating their risk protections. Tax-related claims now account for over half of the liability cases at McGowan Program Administrators, and exposure is…
What are boards missing beyond risk reports?
[ad_1] Sexton outlined the internal factors boards must watch, including “changes to products, services or geographic footprint,” “rapid growth that creates new, large exposures” and “key person turnover or increased turnover across the firm.” External factors, he said, include “macroeconomic shocks,” “legal, regulatory or political environment” and “disruptive technologies.” [ad_2] Source link
Progressive challenges liability in Missouri trucking crash lawsuit
[ad_1] According to the complaint, Walter Montejo was driving a tractor-trailer when the collision occurred at about 2:21 p.m. The crash resulted in bodily injury and property damage to several parties, with two wrongful death claims also in play. Lawsuits have been filed by Rudolph Colin and Jacob Helms (Case Number 25BA-CV02498), and by John…
Rebranded and refocused, Cotality tackles wildfire and hail risks
[ad_1] It is making big moves in climate risk tech [ad_2] Source link
Higher rates not enough to solve wildfire and weather crisis – Hippo
[ad_1] Hippo’s response to wildfire threats Hippo said that it has been expanding partnerships with housing developers to provide homeowners’ insurance, particularly in states like California, where McCathron said it serves as the company’s primary source of new business. The insurer currently has access to about 120,000 new dwellings nationwide, with continued quarterly growth. [ad_2]…
California’s wildfire insurance crisis deepens as FAIR Plan faces funding shortfall
[ad_1] The January wildfires destroyed or damaged thousands of homes and businesses across Los Angeles County, forcing evacuations and causing billions in losses. The Palisades Fire spread rapidly through hillside neighborhoods, while the Eaton Fire scorched dry terrain in Pasadena, fanned by strong winds. Officials estimate total damages at around $4 billion, with nearly half…