Andrew G. Simpson

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So far Andrew G. Simpson has created 789 blog entries.
10 02, 2021

Some Baby Foods Found to Contain High Levels of Toxic Heavy Metals

By | February 10th, 2021|Uncategorized|Comments Off on Some Baby Foods Found to Contain High Levels of Toxic Heavy Metals

U.S. congressional investigators found “dangerous levels of toxic heavy metals” in certain baby foods that could cause neurological damage, a House Oversight subcommittee said in a report released on Thursday in calling for new standards and testing requirements. The panel …

10 02, 2021

Ambac Financial Launches Specialty Insurance Group Everspan

By | February 10th, 2021|Uncategorized|Comments Off on Ambac Financial Launches Specialty Insurance Group Everspan

Financial holding company Ambac Financial Group has launched Everspan Group, capitalized with more than $100 million, to focus on writing specialty program insurance business. Everspan Group’s insurance companies include two Arizona-domiciled entities: Everspan Indemnity Insurance Co., an excess and surplus …

9 02, 2021

Metromile to Begin New Life as Public Company as Reverse Merger Closes Today

By | February 9th, 2021|Uncategorized|Comments Off on Metromile to Begin New Life as Public Company as Reverse Merger Closes Today

Digital pay-per-mile auto insurer Metromile will officially become a public company tomorrow as the deal to be merged with a special purpose acquisition company (SPAC) is expected to close today. INSU Acquisition Corp., a publicly traded SPAC, announced that its …

8 02, 2021

Senators Offer Bill to Limit Liability Shield for Social Media Firms

By | February 8th, 2021|Uncategorized|Comments Off on Senators Offer Bill to Limit Liability Shield for Social Media Firms

Three Democratic U.S. senators introduced a bill that would limit Section 230, a law that shields online companies from liability over content posted by users, and make the companies more accountable when posts result in harm. Called the SAFE TECH …

7 02, 2021

Insurtech Hippo in Talks to Go Public via Merger With SPAC: Bloomberg

By | February 7th, 2021|Uncategorized|Comments Off on Insurtech Hippo in Talks to Go Public via Merger With SPAC: Bloomberg

Hippo, an insurance technology startup, is in talks to go public through a merger with a special purpose acquisition company, according to people with knowledge of the matter. The transaction with Reinvent Technology Partners, a special purpose acquisition company that …

5 02, 2021

The Hartford Q4 Profit Dips Slightly on COVID Life Insurance Claims

By | February 5th, 2021|Uncategorized|Comments Off on The Hartford Q4 Profit Dips Slightly on COVID Life Insurance Claims

Fourth quarter profit at The Hartford dipped slightly due in part to COVID-related group life insurance claims. Fourth quarter 2020 net income came in at $532 million, down 2% from fourth quarter 2019. Fourth quarter earnings of $636 million, rose …

5 02, 2021

Judge Dismisses Walmart Lawsuit Over Pharmacy Liability in Opioid Crisis

By | February 5th, 2021|Uncategorized|Comments Off on Judge Dismisses Walmart Lawsuit Over Pharmacy Liability in Opioid Crisis

A federal judge has dismissed Walmart Inc’s lawsuit seeking to preemptively block the U.S. government from blaming the world’s largest retailer for its alleged role in fueling the nation’s opioid crisis. U.S. District Judge Sean Jordan said the government had …

5 02, 2021

Amazon Plans Cameras with AI in Its Delivery Vans to Improve Driver Safety

By | February 5th, 2021|Uncategorized|Comments Off on Amazon Plans Cameras with AI in Its Delivery Vans to Improve Driver Safety

Amazon.com has revealed plans to install AI-powered video cameras in its branded delivery vans, in a move that the world’s largest e-commerce firm says would improve safety of both drivers and the communities in which they deliver. The company recently …

4 02, 2021

Workers’ Compensation Underwriters Under the Gun to Understand Pandemic Data

By | February 4th, 2021|Uncategorized|Comments Off on Workers’ Compensation Underwriters Under the Gun to Understand Pandemic Data

Workers’ compensation underwriters are about to be tested in the marketplace like never before. While the current situation is not all because of the pandemic, the pandemic has “put gas on a fire that was already burning,” according to a …

4 02, 2021

SEC Sues Giuliani Associates Parnas, Correia Alleging Fraud Over Insurance Startup

By | February 4th, 2021|Uncategorized|Comments Off on SEC Sues Giuliani Associates Parnas, Correia Alleging Fraud Over Insurance Startup

The U.S. Securities and Exchange Commission sued two associates of Rudy Giuliani, the former New York City mayor and lawyer for Donald Trump, alleging they defrauded investors of $2 million in a company that never got off the ground. Lev …