Andrew G. Simpson

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So far Andrew G. Simpson has created 786 blog entries.
30 03, 2021

Despite Soy Rally, Farmers Bet on Corn Backed by High Crop Insurance Guarantee

By | March 30th, 2021|Uncategorized|Comments Off on Despite Soy Rally, Farmers Bet on Corn Backed by High Crop Insurance Guarantee

CHICAGO— A 45% rally in soybean prices in 11 months was not enough to convince South Dakota farmer DuWayne Bosse to give up any corn acreage on his farm this spring. “For our farm, we are looking at maxing out …

26 03, 2021

Supreme Court Rejects Ford Stance in Product Liability Venue Dispute

By | March 26th, 2021|Uncategorized|Comments Off on Supreme Court Rejects Ford Stance in Product Liability Venue Dispute

The U.S. Supreme Court on Thursday unanimously ruled against Ford Motor Co. in a case in which the second-largest U.S. automaker had sought to bar two state courts from hearing product liability suits involving a pair of serious crashes. Ford …

26 03, 2021

Insurtech Funding News: $118M for Pie; $30M for Snapsheet

By | March 26th, 2021|Uncategorized|Comments Off on Insurtech Funding News: $118M for Pie; $30M for Snapsheet

There have been two notable funding rounds by insurtechs this week. Workers’ compensation provider Pie Insurance has raised $118 million in new funding, including financing from Allianz and others. Snapsheet, a claims management platform insurtech, raised $30 million in new …

26 03, 2021

Bail Bond Insurance Industry Spends to Defend Profitable Business Against Critics

By | March 26th, 2021|Uncategorized|Comments Off on Bail Bond Insurance Industry Spends to Defend Profitable Business Against Critics

Insurance companies have spent $17 million to defeat proposals to weaken or abolish the for-profit bail industry in the United States, a system that brings insurers $15 billion in business a year, according to a Reuters analysis of campaign contributions, …

26 03, 2021

Regulators Weigh Model Law for Pet Insurance to Address Consumer Peeves

By | March 26th, 2021|Uncategorized|Comments Off on Regulators Weigh Model Law for Pet Insurance to Address Consumer Peeves

U.S. insurance regulators are close to creating a legal standard for pet insurance that would address long-standing consumer complaints that insurers rarely pay up when their furry friends are not well. A National Association of Insurance Commissioners (NAIC) committee is …

22 03, 2021

Biden Administration Warns Firms to Quit Aiding Nord Stream 2 Pipeline

By | March 22nd, 2021|Uncategorized|Comments Off on Biden Administration Warns Firms to Quit Aiding Nord Stream 2 Pipeline

The U.S. State Department is tracking efforts to complete Russia’s Nord Stream 2 natural gas pipeline and evaluating information on entities that appear to be involved, U.S. Secretary of State Antony Blinken said on Thursday. “Any entity involved in the …

22 03, 2021

Insurance Techknowledgy: InsurTech NY Winners; $3M in GloveBox; Hippo Partners; AXIS-Elpha Cyber Service

By | March 22nd, 2021|Uncategorized|Comments Off on Insurance Techknowledgy: InsurTech NY Winners; $3M in GloveBox; Hippo Partners; AXIS-Elpha Cyber Service

The Winners Are InsurTech NY announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference on March 10. The winners received prizes worth $200K in total. Winners were selected by judging panels grouped by their background—angel …

22 03, 2021

Supreme Court Nixes Facebook Bid to Curtail $15B Class Action Over User Tracking

By | March 22nd, 2021|Uncategorized|Comments Off on Supreme Court Nixes Facebook Bid to Curtail $15B Class Action Over User Tracking

The U.S. Supreme Court on Monday turned away Facebook Inc.’s bid to pare back a $15 billion class action lawsuit accusing the company of illegally tracking the activities of internet users even when they are logged out of the social …

19 03, 2021

Why Its Bid for The Hartford Is a Personal Lines ‘Chess’ Move by Chubb

By | March 19th, 2021|Uncategorized|Comments Off on Why Its Bid for The Hartford Is a Personal Lines ‘Chess’ Move by Chubb

While the Chubb’s $23.2 billion opening bid for The Hartford appears to be mostly a commercial lines play to many observers, one experienced industry observer has a different take on it. Chubb CEO Evan Greenberg would certainly welcome what The …

22 03, 2021

Scientists Say Advanced Nuclear Reactors Not Safer Than Conventional Plants

By | March 22nd, 2021|Uncategorized|Comments Off on Scientists Say Advanced Nuclear Reactors Not Safer Than Conventional Plants

A new generation of so-called “advanced” nuclear power reactors that Washington believes could help fight climate change often present greater proliferation risks than conventional nuclear power, a science advocacy group said on Thursday. President Joe Biden, a Democrat, has made …