Articles by Kevin Drawbaugh

Winners and Losers in Republican Tax Plan

The tax-cut bill rolled out on Thursday by U.S. House of Representatives Republicans would help high-income taxpayers and multinational corporations, but hurt mortgage borrowers and some other taxpayers and businesses. Here is a list of winners and losers under the …

How ‘Fiscal Cliff’ Package Deals with Business Taxes

The “fiscal cliff” deal that slowly, painfully took shape in the U.S. Congress in recent days fulfills some of corporate America’s tax policy goals, but leaves others unmet, including a big one – meaningful deficit and debt reduction. The bill, …

A Decade Later: Is Sarbanes-Oxley Working?

When Peregrine Financial collapsed in July, a nagging question resurfaced. As in the implosion of Lehman Brothers, the fall of Bernard Madoff and other cases in recent years, many asked: Where were the accountants? That this question still arises could …

A Decade Later: Is Sarbanes-Oxley Working? – Analysis

When Peregrine Financial collapsed earlier this month, a nagging question resurfaced. As in the implosion of Lehman Brothers, the fall of Bernard Madoff and other cases in recent years, many asked: Where were the accountants? That this question still arises …

Insurers Fight over Flood Policies Dropped by State Farm

Major U.S. insurers are pushing to gain control of 800,000 former State Farm flood insurance policies as lawmakers contemplate reforms to the nation’s flood insurance system. The conflict began last year when State Farm dropped out of the government’s flood …

Insurers Fight Over Flood Policies Dropped by State Farm

Major U.S. insurers jostled on Capitol Hill this week over control of 800,000 former State Farm flood insurance policies as lawmakers tried to advance reform of the nation’s flood insurance system. The conflict began last year when State Farm dropped …

Insurers Fight Over Flood Insurance Policies Dropped by State Farm

Major U.S. insurers jostled on Capitol Hill this week over control of 800,000 former State Farm flood insurance policies as lawmakers tried to advance reform of the nation’s flood insurance system. The conflict began last year when State Farm dropped …

Republicans Target Dodd-Frank Reforms, Rating Firms’ Liability

Congressional Republicans on Wednesday will stage their first outright challenge to 2010’s Dodd-Frank financial regulation reforms with a fistful of bills favoring private equity firms, derivatives end-users and corporate CEOs. After months of trying to defund and defang Dodd-Frank at …

Republicans to Re-launch U.S. Flood Insurance Overhaul

Draft legislation to overhaul the U.S. National Flood Insurance Program will be unveiled next week, said the Republican chairman of a congressional insurance oversight panel Thursday. Representative Judy Biggert told Reuters she will present the draft March 11 at a …

Report: Illinois Insurance Regulator McRaith in Line to Head U.S. Insurance Office

The Obama administration was expected soon to name an Illinois state insurance regulator to head the new Federal Insurance Office, said sources familiar with the matter Thursday. Michael McRaith, seen as the front-runner for the job, is now head of …