News

The prospect of recession is becoming more and more likely with unemployment topping 5% recently and the market dipping with the arrival of the New Year--and these realities have not escaped the notice of finance executives. For December, the Tatum Index of Business Conditions plummeted to the lowest point in...

After riding out a rough quarter, defined benefit (DB) plans received some good news in the form of a projected increase in the discount rate used to determine liabilities and expenses. Year-end 2007 disclosure discount rates should increase by at least 25 to 50 basis points relative to the rates...

With only five days to go before the Terrorism Risk Insurance Act (TRIA) was set to expire at year's end, President Bush signed into law legislation that reauthorizes the federal backstop for another seven years. The legislation extends coverage for acts of domestic terrorism, in addition to foreign acts of...

After the House and Senate failed to agree on a few key provisions of the Mental Health Parity Act of 2007, Congress extended the existing 1996 law for one year until a compromise can be reached.

More than five years after the implosion at Enron Corp. and other corporate scandals prompted Congress to impose strict new regulations aimed at reducing financial misconduct, little has changed on the morality front.

Although it is coming down to the wire, there seems to be little doubt that negotiators in the House and Senate will hammer out a compromise on the reauthorization bill for the Terrorism Risk Insurance Act (TRIA) in the next few days or weeks.