In response to the Obama Administration’s announcement last week of regulatory reform measures, which include reviews of accounting rules and a hastening of accounting reforms related to the financial crisis, insurers are banding together with trade associations to provide input on standards development.

The Group of North American Insurance Enterprises (GNAIE) has joined a new coalition of trade groups to create a coalition of trade associations representing all sectors of the economy and areas of the financial services arena that will engage the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) on a series of projects to reform accounting standards associated with the financial crisis.

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