CAMICO Posts 2016 Financial Statements, Operations Report

CAMICO, the nation’s largest CPA-directed program of insurance and risk management for the accounting profession, posted total policyholders’ surplus of $40.2 million and net income of $1.3 million for the year ended December 31, 2016.

CAMICO continued to maintain key financial ratios at historically high levels, and the policyholder retention rate for 2016 was 93.3 percent, consistent with an average policyholder retention rate of more than 93 percent for the past 23 years.

CAMICO Named Preferred Provider for the Oregon Society of CPAs

CAMICO, the nation’s largest CPA-directed program of insurance and risk management for the accounting profession, has been named the preferred provider of professional liability and employment practices liability insurance for the Oregon Society of CPAs (OSCPA).

Created by CPAs to protect CPAs, CAMICO provides insurance products and comprehensive risk and claims management services to help CPA firms minimize losses on a proactive basis.

Billing, Collecting and Disengagement


Billing Tips

If the bill or its description of services is unclear, clients will be inclined to put it aside and to call about it later, lengthening the time it takes to pay the bill. Bills that are standardized, clear, concise and descriptive are more likely to be paid sooner.

All professionals with the firm should be accountable for their timesheet and billing deadlines, but their billable time should be protected by using administrative staff with appropriate training and support to prepare bills and collect payments.

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