Holding Pattern

Forray, Susan J.; Riley Jr., Richard F.
September 2011
Best's Review;Sep2011, Vol. 112 Issue 5, p94
Trade Publication
The article focuses on the aggressiveness of the U.S. Internal Revenue Service (IRS) to challenge the deductions for loss reserves of casualty and property insurers. According to IRS, some insurers are consistently and intentionally overstate their loss reserves to inflate tax deductions. It mentions that IRS considers explicit and implicit margins as the reasons for inflating the loss reserve deductions of a company beyond reasonable and fair level.


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