Madoff and the Auditors
Cindy Seipel, Ph.D., C.P.A., C.F.E.
In a modern morality tale, a brokerage firm owner had gained the respect and admiration of his customers. From this position of respect, he offered special customers an opportunity to invest in a lucrative fund he managed alone. Clients who invested in this fund consistently earned a yield beyond the market rate. In return, the broker could afford a wealthy lifestyle. Eventually, one client requested the withdrawal of a large investment, but by that time there was no money to return.
Complete Article: Madoff and the Auditors
Uninsured Motorists in New Mexico: The Insurance Research Council Study
Al Berryman and Tim Query
This is the second in a three-part series on the challenges involved with accurately measuring uninsured motorists in New Mexico. In Part One, we focused on the “Drive Insured” program implemented by the State of New Mexico. In Part Two, we analyze the methodology of the Insurance Research Council study of uninsured motorists using accident data. In Part Three, we will conclude by comparing the two sources of UM percentages and attempting to explain the large differences in their respective results.
One popular approach to estimating the size of the uninsured motorist population is by comparing the injury portion of the uninsured motorists (UM) coverage with bodily injury liability (BI) coverage. If an insured person is injured in an auto accident caused by an at-fault driver, he or she files a BI claim against the at-fault driver.
Complete Article: Uninsured Motorists in New Mexico: The Insurance Research Council Study
Christopher A. Erickson and James Libbin
Complete Article: Talking Points