The property and casualty insurance industry is a highly regulated and highly specialized industry that requires an accounting firm with a focus on the industry and an in-depth understanding of the accounting and tax issues and regulations. You need an accounting firm that keeps up with the industry’s accounting, income tax, and regulatory changes and has the expertise to serve you. In order for insurance companies to succeed, they need to be proactive with changes - identifying the issues before they become problems. Insurers who fail to timely identify both market and regulatory changes and act appropriately in response to those changes can quickly find themselves out of the market as customers leave them for insurers who have already capitalized on the changing landscape.
Bauknight Pietras & Stormer, P.A.'s experience dates back to the mid 1980's and our days working with Big Four accounting firms. Our extensive experience combined with our in-depth knowledge of the property and casualty insurance industry provides our clients with superior, unmatched service. Our dedicated insurance team possesses significant expertise in financial reporting under both generally accepted accounting principles and statutory accounting practices. Our team also understands the complex federal and state tax issues and challenges faced by insurance entities. Our team regularly participates in educational training by well-respected industry leaders, which allows our team to be on top of current issues and gives us the ability to convey relevant “hot issues” to our clients.
Our team regularly consults with our clients to identify the challenges and opportunities facing them. We help our clients overcome their challenges by providing well planned solutions, which are based on the in-depth experience and knowledge we have obtained over the years. Our clients can rest easy knowing they are in capable hands. We also provide our clients additional opportunities to expand and grow their business as a result of our knowledge of the insurance market and the various paths available to the client’s specific business. We are a firm that believes that one size does not fit all and every solution requires a personal touch.
Our insurance team routinely provides clients with the following services:
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