Industry News: California Insurance Commissioner Rejects Petition to Require Fossil Fuel Underwriting Disclosure

“California’s new commissioner wasn’t getting along so well on Earth Day with groups of climate change and consumer activists.

California Insurance Commissioner Ricardo Lara, who put battling climate change on top of a liberal and consumer friendly platform on his way to winning election as commissioner, rejected a petition urging him to place new regulations on insurers to disclose what projects in the fossil fuel industry they underwrite.”

Click here to read the full article from InsuranceJournal.com.

IRS Notice 2018-06

On Dec. 22, 2017, the IRS issued Notice 2018-06, which extended the 2017 deadline for furnishing statements to individuals under Sections 6055 and 6056. Notice 2018-06 also extended good-faith relief from penalties for 2017 reporting. However, the notice does not extend the due date for filing forms with the IRS for 2017. This ACA Bulletin outlines the new due date and additional guidance in this notice. Click here to read more.