We’re proud to share that Accounting Today has again named JLK Rosenberger a Top Firm in the West in its annual regional rankings. This recognition marks a continued chapter in our firm’s growth story. It reflects the hard work of our team, the strength of our client relationships, and our commitment to delivering forward-looking service. While the accoun…
Construction businesses operate in an environment where precision and timing are everything. Managing multiple jobs, coordinating subcontractors, and staying on top of costs are demanding. Add complex billing cycles, compliance obligations, and financial reporting requirements, and the back office can quickly become a bottleneck. Many construc…
JLK Rosenberger regularly attends the National Association of Insurance Commissioners (NAIC) meetings. Below, you will find a recap of items brought before the Statutory Accounting Principles Working Group (SAPWG) during the latest meeting. In addition to the standard update matrix provided by the NAIC, we have included commentary on each item and h…
Accounting SSAP No. 65, paragraphs 4 through 9 provide guidance on accounting for claims-made policies and associated extended reporting. Tail coverage at charge for a fixed period For extended reporting endorsements issued for a defined period (e.g., six months, one year, five years), the tail premium is to be earned over the defined period with the res…
Accounting As per SSAP 62, paragraph 30, if the amounts paid for reinsurance are subject to adjustment and can be reasonably estimated, such estimated amount shall be the basis for amortization. To estimate the reinstatement premium amount, ultimate losses must be taken into consideration. The estimate should be periodically reevaluated until all cla…
What the FASB is proposing The FASB has been exploring a modernization of software accounting rules to better align GAAP with current business practices. In March, the Board unanimously voted to advance a proposal addressing internally used but not licensed (i.e., sold, leased, or marketed) software, specifically focusing on the criteria for capitali…
JLK Rosenberger welcomes Karsten & Company, PLLC, to the firm effective March 1, 2025. The addition expands JLK Rosenberger’s ability to help insurers navigate the accounting, regulatory, and business challenges they face and increases the firm’s team of hands-on, problem-solving professionals. Bill Rosenberger, Partner-in-Charge of the fir…
JLK Rosenberger, a leading accounting firm, announced today that they have won the Best of Accounting Award for providing superior service to their clients. ClearlyRated’s Best of Accounting® Award winners have proven to be industry leaders in service quality based entirely on ratings provided by their clients. On average, clients of 2025 B…
SSAP No. 53, Property and Casualty Contracts – Premiums, paragraph 6, requires the recording of written premiums as of the effective date of the contract. Upon recording written premium, a liability for the unearned premium shall be established for the unexpired portion of the insurance coverage. This method is commonly called the Eastern Method of acco…
JLK Rosenberger regularly attends the National Association of Insurance Commissioners (NAIC) meetings. To the left, you will find a recap of items brought before the Statutory Accounting Principles Working Group (SAPWG) during the meeting. In addition to the standard update matrix provided by the NAIC, we have included commentary on each item and ha…
The updates in ASU 2023-08 Intangibles – Goodwill and Other – Crypto Assets apply to entities holding crypto assets that meet the following criteria: they are intangible assets, fungible (interchangeable), not classified as financial assets or stable coins pegged to a currency, not supported by underlying collateral, reside on a distributed ledger us…
JLK Rosenberger regularly attends the National Association of Insurance Commissioners (NAIC) meetings. To the left, you will find a recap of items brought before the Statutory Accounting Principles Working Group (SAPWG) during the meeting. In addition to the standard update matrix provided by the NAIC, we have included commentary on each item and have…
