For The Record.(Briefs)

Business Insurance, October, 2002

Government cracks down on delinquent reporting The federal government is beginning a push to put more pressure on employers to file required benefit plan financial reporting forms. The Labor Department's Pension & Welfare Benefits Administration and the Internal Revenue Service are researching their databases to identify employers that have not filed Form 5500 reports.

The agencies will mail letters of inquiry to employers identified as potential nonfilers, who can be liable for penalties of up to $1,100 per day for each report. Conning forecasts slow P/C recovery Although the U.S. property-casualty insurance industry is enjoying significant premium growth, profits will improve at a more modest pace over the next two years, according to a report by Conning...

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