Claim Chronicles 123-B

A piece of paper that says "Paycheck Protection Program"

Topic: False Claims Related to PPP Loans The following Q&A with CAMICO Claims experts reflects recent claims experience involving potential false claims related to Paycheck Protection Program (PPP) loans issued (and forgiven) during the COVID-19 pandemic. Q: What concerns have CAMICO policyholders recently reported regarding some PPP loans? A: They have reported matters involving clients … Read more

Compliance with the Federal Trade Commission “Safeguards Rule”

A lock on a keyboard

The Gramm-Leach-Bliley Act (“GLBA”) was passed by Congress in 1999 with bi-partisan support. A component of the GLBA, its Safeguards Rule, was first established in 2003, and required organizations defined as “financial institutions” to establish measures to keep their customers’ private information secure. In accordance with GLBA provisions, the Federal Trade Commission (“FTC”) has authority … Read more

CAMICO Appoints Greg Regan to Board of Directors

Greg Regan Greg Regan, CPA, CFF, MBA, was elected to CAMICO’s board of directors on June 13, 2023. Since 2014, Regan has served as a non-board committee member, previously on both CAMICO’s Investment Committee and CAMICO’s Risk Management Committee. Regan is the partner-in-charge of Hemming Morse’s Forensic and Financial Consulting Services Group and has testified in … Read more

CAMICO Policyholder Alert: IRS Disaster Relief Postponement

Would Filing an Extension Be Beneficial? March 31, 2023 CAMICO has received numerous inquiries from policyholders regarding the merits of filing an extension as an added protection for both tax professionals and their respective clients in light of the current IRS tax relief guidance for victims of severe winter storms. Although some may not perceive … Read more

Meet CAMICO’s New Vice President of Claims – Shannon Comer

Shannon Comer Shannon Comer was promoted to Vice President of Claims, effective March 31, 2023. In this role, Comer is responsible for the overall direction, coordination, and evaluation of the Claims department. Comer has been with CAMICO since July 2021, learning the unique nature of claims that arise from CAMICO’s CPA policyholders. She has been … Read more

Meet CAMICO’s New CFO Mike Ray

Mike Ray joined CAMICO as Chief Financial Officer (CFO) on Feb. 20, 2023. In this role, Ray oversees all finance functions of CAMICO and its subsidiaries.                              Ray is a CPA, previously with PricewaterhouseCoopers (PwC), and for the past 22 years served … Read more