Andrew G. Simpson

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So far Andrew G. Simpson has created 541 blog entries.
13 06, 2019

House Committee Approves 5-Year Flood Insurance Extension with Bipartisan Reforms

By | June 13th, 2019|Uncategorized|Comments Off on House Committee Approves 5-Year Flood Insurance Extension with Bipartisan Reforms

A key House committee has passed legislation to renew the National Flood Insurance Program for five years and institute various reforms. The House Financial Services Committee, by a bipartisan vote of 59 to 0, approved the comprehensive measure (H.R.3167) that …

4 06, 2019

Privacy Exclusion Protects Insurer from $60 Million Class Action

By | June 4th, 2019|Uncategorized|Comments Off on Privacy Exclusion Protects Insurer from $60 Million Class Action

A federal judge in Florida has ruled that a policy exclusion for invasion of privacy claims relieved an insurer of any responsibility for a $60 million settlement against a Boca Raton company for violations of the Telephone Consumer Protection Act. …

31 05, 2019

Judge Restrains 3 Former Guy Carpenter Execs Who Moved to Lockton Global Re

By | May 31st, 2019|Uncategorized|Comments Off on Judge Restrains 3 Former Guy Carpenter Execs Who Moved to Lockton Global Re

A federal judge in New York has granted reinsurance broker Guy Carpenter’s request for a temporary restraining order against three former executives who moved to competitor Lockton in March. The TRO blocks the three executives from directly or indirectly soliciting …

23 04, 2019

Student Sues Apple for $1 Billion, Blames Face-Recognition Tech for False Arrest

By | April 23rd, 2019|Uncategorized|Comments Off on Student Sues Apple for $1 Billion, Blames Face-Recognition Tech for False Arrest

Apple is being sued for $1 billion in damages by an 18-year-old college student who blames the company’s facial recognition software for his false arrest and for wrongly tying him to thefts at Apple stores in several states. The plaintiff …

27 02, 2019

Berkshire Hathaway Sale of Applied Underwriters Said Due to ‘Channel Conflict’

By | February 27th, 2019|Uncategorized|Comments Off on Berkshire Hathaway Sale of Applied Underwriters Said Due to ‘Channel Conflict’

In a rare move, Berkshire Hathaway is selling one of its companies, leading workers’ compensation specialist Applied Underwriters, in order to avoid conflict with its other workers’ compensation businesses. “Berkshire has a number of workers’ compensation companies, and there was …

22 02, 2019

2 CATCo Executives Sue Markel Over Firing; Claim They Are Owed $77 Million

By | February 22nd, 2019|Uncategorized|Comments Off on 2 CATCo Executives Sue Markel Over Firing; Claim They Are Owed $77 Million

Two fired executives of Markel’s Bermuda reinsurance operations are suing Markel claiming the company created a false narrative alleging they violated corporate policy by having a personal relationship in order to escape having to pay them bonuses worth millions of …

18 01, 2019

Insurance Agents Assured of Trump Pass-Through Tax Break Under Final Treasury Rule

By | January 18th, 2019|Uncategorized|Comments Off on Insurance Agents Assured of Trump Pass-Through Tax Break Under Final Treasury Rule

The U.S. Department of the Treasury today issued final regulations and other guidance on a provision of the Tax Cuts and Jobs Act that allows owners of sole proprietorships, partnerships, trusts, and S corporations to deduct up to 20 percent …

27 12, 2018

Insurance Industry Balks at Limits on Flood Insurance Policy Operations During Shutdown

By | December 27th, 2018|Uncategorized|Comments Off on Insurance Industry Balks at Limits on Flood Insurance Policy Operations During Shutdown

As indicated by a report by Insurance Journal over the holidays, the Federal Emergency Management Agency (FEMA) is limiting the authority of the nation’s flood insurance program to issue new and renewal policies during the federal government shutdown. The insurance …

27 12, 2018

P/C Insurer Trade Groups AIA and PCI Agree on Merger, New Name Starting Jan. 1

By | December 27th, 2018|Uncategorized|Comments Off on P/C Insurer Trade Groups AIA and PCI Agree on Merger, New Name Starting Jan. 1

Members of the Property Casualty Insurers Association of America and the American Insurance Association have approved a merger that takes effect Jan. 1, 2019. The combined organization is set to have a new name, the American Property Casualty Insurance Association, …

22 12, 2018

President Signs Flood Insurance Extension But Government Shutdown Could Limit Operations

By | December 22nd, 2018|Uncategorized|Comments Off on President Signs Flood Insurance Extension But Government Shutdown Could Limit Operations

On Friday, December 21, 2018, President Trump signed into law a measure reauthorizing the National Flood Insurance Program until May 31, 2019. The flood program was set to expire at midnight on Dec. 21. However, the partial federal government shutdown …