Insurers Challenged Over Accounting For Stock OptionsSecond only to the magnitude of premium rate changes, the hottest topic on this quarters property-casualty earnings conference calls was the question of whether insurers would start expensing stock options.
Among p-c company executives asked about the issue, Allstate Chairman Edward Liddy was the strongest proponent. But no executive would go on the record as saying his company would voluntarily step up to adopt the practice.
"Personally, I think Corporate America and the Financial Accounting Standards Board ought to just do it and get on with it. If its one of those things that will help restore confidence in Corporate America and in CEOs, we ought to justbe done with it," Mr. Liddy said.
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