Group Insurance Trust receives high rating.

The Group Insurance Trust (GIT) of CalCPA has received an initial financial strength rating of B++ (Good) and issuer credit rating of "bbb" from A.M. Best Co.

"We are pleased with these Best ratings," said Susan Young, GIT executive director. "We are the only multiple employer welfare arrangement in the nation to receive Best ratings. They are a positive reflection of the services we provide to members of the California Society of CPAs."

In its evaluation, A.M. Best said, "The ratings assigned to The Trust primarily reflect its synergy with CalCPA, favorable level of capitalization and positive operating performance. The Trust's risk-adjusted capital position, as measured by Best's Capital Adequacy Ratio, remains favorable."

FASB issues revised exposure draft on earnings per share

Comments on the proposed guidance are due in writing by Dec. 5. Learn more at: www.fasb.org/news/nr080708.shtml.