Rating agencies are beginning to encourage insurers to adopt advanced risk management practices, often referred to as Enterprise Risk Management (ERM).

ERM is a risk-based approach to include all aspects of business operations that involve risk:  insurance risk, investment risk, and operating and financial risk.  The rating agencies have expressed their intent to evaluate the processes and techniques by which companies manage risk exposure as a part of their qualitative review process.

Are you prepared for ERM?

When preparing to sell a home, there are a few things to keep in mind.  The first one is that if you sold your main home in 2006, you may be able to exclude any gain up to $250,000 if your filing status is single, head of household or married filing a separate return.  If you are married and are filing a joint return, you may be able to exclude any gain up to $500,000.

The SEC and the PCAOB are making significant changes to both Sarbanes/Oxley and AS2 (Auditing Standard 2). What is due when and by whom? Here's the info you need.

There is a new deduction available for home mortgage insurance premiums paid or accrued after December 31st, 2006 and before January 1st, 2008.  This item will be included as mortgage interest on your individual income tax return.