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Claim Chronicles 123-A

Compliance with safeguard rules

Topic: Cyber – Stopping a Cyberattack in Its Tracks CAMICO policyholder Henry Gould of Gould & Young, LLC, received a text from the firm’s third-party IT company, LHG Consulting, that there was an issue with the company’s network. Taken back by the alert, Gould immediately headed to the office where an LHG specialist showed him … 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

Implementing Sound Billing and Collection Practices

A woman on a computer with a calculator next to her

Problems arising from billing and collections practices have often plagued CPA firms. By taking a few basic steps in the creation of a thoughtful billing and collections policy, firms can avoid or manage such problems. Further, those same steps will help firms improve the quality of their practices, attract a better client base, help generate … 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

Loss Prevention Best Practices for Tax Season

A desk with the word "Taxes" spelled out on it

CAMICO has been developing solutions for CPA professional liability problems for more than 35 years, and tax season has always been a major part of that activity. The use of engagement letters for non-audit work, including tax engagements, was pioneered by CAMICO as an effective way to help document the CPA’s understanding with the client. … 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