Forensic Accountant Alleges $1.54 Trillion in Life Insurer Reinsurance May Lack Real Backing A forensic accountant’s review of U.S. statutory filings alleges that $1.54 trillion in affiliated reinsurance is recorded against a life insurance industry surplus of roughly $657 billion, according to documents reviewed by the analyst. The review, conducted by Tom Gober, concluded that a large portion of the credit life insurers take for reinsurance may not be supported by assets at the companies assuming the risk. Gober is a forensic accountant, a field that has included former Internal Revenue Service (IRS) special agents [1]. The analysis covers reinsurance placed…
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