Ric Rosario’s Retirement and Legacy with CAMICO after 32 Years of Service
Rosario will retire on December 31, 2024, after joining CAMICO in 1992 and serving as President and CEO since 2009.
Amber
Top 10 Loss Prevention and Claims Trends
CAMICO’s Loss Prevention and Claims departments work with CPA policyholder firms every day on difficult risk management issues. The following Q&A covers 10 questions and trends that our specialists hear about most frequently from our policyholders. Top Loss Prevention Trends Q: What are some of the risks and general guidelines for our firm if we … Read more
Risk Management Aspects of the IRS’s Second ERC Voluntary Disclosure Program and the ERC Withdrawal Option
On August 15, 2024, the IRS announced a second Employee Retention Credit Voluntary Disclosure Program (“ERC-VDP”) for the benefit of businesses and tax-exempt organizations that erroneously claimed the Employee Retention Credit (“ERC”) for 2021 and have received a credit or refund prior to August 15, 2024. The initial Voluntary Disclosure Program (“VDP”) for the 2020 … Read more
CTA-BOI Reporting … The Saga Continues
The new beneficial ownership reporting requirements under the Corporate Transparency Act (“CTA”) took effect on January 1, 2024, and months later, the small business community remains woefully unprepared for compliance with this complex reporting regime. CAMICO continues to receive numerous inquiries from policyholders regarding implications of assisting clients with the new beneficial ownership information reporting … Read more
Mike Ray selected as CAMICO’s next President and Chief Executive Officer
Mike Ray, CPA, will become President and CEO, effective January 1, 2025. SAN MATEO, Calif. (July 24, 2024) — CAMICO, the nation’s largest CPA-owned and directed program of insurance and risk management for the accounting profession, announced today that Mike Ray, CPA, will become President and Chief Executive Officer (CEO), effective January 1, 2025. Ray … Read more
CAMICO Earns A- (Excellent) Rating From AM Best
SAN MATEO, Calif.— CAMICO, the nation’s largest CPA-owned and directed program of insurance and risk management for the accounting profession, announced today that AM Best has upgraded its Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating of a- (Excellent) from bbb+ (Good). In excerpts from its 2024 report, … Read more
