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The End of Accounting and the Path Forward for Investors and Managers by Feng Gu, Baruch Lev

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Chapter 13Strategic Resources & Consequences Report: Case No. 2—Property and Casualty Insurance

The insurance industry doesn't need extensive introduction. Practically everyone is a customer, and most are disgruntled (too expensive, overly bureaucratic, frequently deny claims). But this is just the not-so-pretty face of your insurance company. Most, except for experts, know next to nothing about the business of insurance. If corporate financial reports are generally opaque, insurance companies' reports are outright incomprehensible. We will clear the mist, focusing on the crucial information for investors.1

Sector Synopsis

The insurance industry is classified into three segments: property and casualty (PC)—damage or loss to cars, homes, or businesses; ...

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