Andrew G. Simpson

/Andrew G. Simpson

About Andrew G. Simpson

This author has not yet filled in any details.
So far Andrew G. Simpson has created 789 blog entries.
22 04, 2021

Court Agrees Chubb Excluded Coverage in $3.3 Million Unsolicited Advertising Case

By | April 22nd, 2021|Uncategorized|Comments Off on Court Agrees Chubb Excluded Coverage in $3.3 Million Unsolicited Advertising Case

Chubb subsidiary Federal Insurance Co. does not have to pay $3.3 million that medical device services firm Mesa Laboratories Inc. wants to fund a settlement over its violations of the Telephone Consumer Protection Act (TCPA). The U.S. 7th Circuit Court …

22 04, 2021

Cannabis Legalization Debate Turns to Questions of Pot Potency

By | April 22nd, 2021|Uncategorized|Comments Off on Cannabis Legalization Debate Turns to Questions of Pot Potency

As marijuana legalization spreads across U.S. states, so does a debate over whether to set pot policy by potency. Under a law signed last month, New York will tax recreational marijuana based on its amount of THC, the main intoxicating …

22 04, 2021

Goldman Survey: Insurers Favoring Private Equity Over Hedge Funds

By | April 22nd, 2021|Uncategorized|Comments Off on Goldman Survey: Insurers Favoring Private Equity Over Hedge Funds

Insurers want to put more money into private equity this year while scaling back on hedge funds, a survey by Goldman Sachs Asset Management showed on Wednesday. Private equity was the most-favored asset class for insurers seeking to increase investment …

21 04, 2021

More Assertive SEC Smacks Down SPACs: Viewpoint

By | April 21st, 2021|Uncategorized|Comments Off on More Assertive SEC Smacks Down SPACs: Viewpoint

Investor Jeremy Grantham says special purpose acquisition companies, which raise money in an initial public offering and then find a promising company with which to merge, are a “license to rip investors off.” On an investing podcast in February, the …

9 04, 2021

IRS Urges Participants in ‘Abusive’ Micro-Captives to Get Out Now

By | April 9th, 2021|Uncategorized|Comments Off on IRS Urges Participants in ‘Abusive’ Micro-Captives to Get Out Now

Internal Revenue Service officials are again urging participants in “abusive” micro-captive insurance arrangements to exit these transactions as soon as possible. The IRS considers that many micro-captive arrangements are not really about insurance. The IRS has stepped up examinations of …

9 04, 2021

LinkedIn Profiles Posted For Sale by Hackers

By | April 9th, 2021|Uncategorized|Comments Off on LinkedIn Profiles Posted For Sale by Hackers

Some LinkedIn data, including publicly viewable member profile, has been extracted and posted for sale, Microsoft Corp.’s professional networking site said based on an investigation. The incident was not a data breach and no private member account data from the …

9 04, 2021

Surplus Lines Broker, Agent or Both? It’s Complicated.

By | April 9th, 2021|Uncategorized|Comments Off on Surplus Lines Broker, Agent or Both? It’s Complicated.

Increasingly, the world of insurance distribution has become highly specialized, utilizing technology and a multitude of parties to reach customers worldwide. The surplus lines industry is no exception. Surplus lines brokers are not merely intermediaries between insureds and eligible surplus …

9 04, 2021

SEC Warns SPACs Aren’t a Way to Avoid Securities Laws

By | April 9th, 2021|Uncategorized|Comments Off on SEC Warns SPACs Aren’t a Way to Avoid Securities Laws

The U.S. Securities and Exchange Commission has a fresh warning for the booming SPAC market: Blank-check companies aren’t an end-around to avoid disclosing key information to investors. In a Thursday statement, a top SEC official made clear that despite their …

6 04, 2021

Supreme Court Declines to Hear Appeals on Workplace Religious Bias

By | April 6th, 2021|Uncategorized|Comments Off on Supreme Court Declines to Hear Appeals on Workplace Religious Bias

The U.S. Supreme Court on Monday sidestepped a chance to further expand religious rights, turning away two cases in which employees accused companies of violating federal anti-discrimination law by insufficiently accommodating requests for time off to meet religious obligations. The …

6 04, 2021

Supreme Court Sides With Google in Software Copyright Battle Against Oracle

By | April 6th, 2021|Uncategorized|Comments Off on Supreme Court Sides With Google in Software Copyright Battle Against Oracle

The U.S. Supreme Court handed Alphabet Inc.’s Google a major victory on Monday, ruling that its use of Oracle Corp.’s software code to build the Android operating system that runs most of the world’s smartphones did not violate federal copyright …