Disclosing Terrorism Risks Could Force Congress To Act

With the credibility of corporate financial statements in severe doubt following the Enron scandal, a report that the U.S. Securities and Exchange Commission might require firms without terrorism insurance to disclose that fact to investors makes sense.

The SEC’s consideration of this new mandatory disclosure couldn’t have come at a better time, as public skepticism about the true financial status of publicly traded companies is at its peak. With auditors allegedly corrupted by consulting contracts, and the integrity of stock analysts potentially compromised by investment banking fees, anything the SEC can do to assure full disclosure of a company’s liabilities–including terrorism exposures–would be welcome.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.