Companies continually face risks, and prudent companies set aside contingency reserves to cover any costs associated with those risks. Yet when a company isn't certain whether a given event is going ...

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Reserving less to save more may sound a little off, but the Sunnyvale City Council decided to do just that at its meeting this week. Council members voted to decrease the percentage saved for the ...

The National Insurance Commission (NAICOM) at the weekend insisted that the contingency reserves of insurance firms would not be accepted as part of funds for recapitalisation. The Commission was ...