It is imperative that professionals who serve the needs of the insurance industry be well versed in the nature and specifics of state regulation, as well as the regulatory process. The professionals at Veris are uniquely able to meet those needs.

We have provided consulting and expert services in connection with many of the largest insurance company failures in U.S. history, including:

• Executive Life Insurance Company
• Baldwin-United Corporation
• Reliance Insurance Company
• Kentucky Central Life Insurance Company
• Fidelity Mutual Life Insurance Company
• Mutual Fire, Marine and Inland Insurance Company
• Mentor Insurance Company

Veris professionals have been actively involved in the standard-setting process by, among other things, serving on various committees of the American Institute of CPAs including:

• Insurance Companies Committee
• Accounting Standards Executive Committee
• Insurance Experts Panel
• AICPA/NAIC Working Group

Moreover, our professionals have served as chairpersons or members of a variety of task forces, including those that have issued the authoritative guidance dealing with:

• the audit of property and casualty insurance company loss reserves
• the accounting for reinsurance arrangements that do not transfer risk
• the application of generally accepted accounting principles to mutual life insurance companies
• insurance industry audit guidance

When our clients consult with us or engage us as experts in connection with financial reporting issues, they do not receive an interpretation of what someone else thought, meant or wrote. Rather, our advice comes from having been actively involved in the development of the principles that govern that financial reporting.

Our expertise also encompasses the statutory accounting principles that govern the preparation of financial statements provided to insurance regulators.