Andrew G. Simpson

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So far Andrew G. Simpson has created 789 blog entries.
20 01, 2021

Insurance Agency M&A Deals Surged 20% in Year of Pandemic: OPTIS

By | January 20th, 2021|Uncategorized|Comments Off on Insurance Agency M&A Deals Surged 20% in Year of Pandemic: OPTIS

There were 744 announced insurance agency mergers and acquisitions in 2020, up nearly 20% from 649 reported in 2019. The surge resulted from the pent-up supply of pending transactions from earlier in the year coupled with sellers looking to avoid …

20 01, 2021

ProSight to Become Private Company After Being Acquired by Investors

By | January 20th, 2021|Uncategorized|Comments Off on ProSight to Become Private Company After Being Acquired by Investors

International investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital agreed to acquire 100 percent of the common stock shares of specialty insurer ProSight Global for $586 million cash. The deal, announced last Friday, means the …

20 01, 2021

Report: Florida’s Property Insurance Market Is ‘Spiraling Towards Collapse’ Due to Litigation

By | January 20th, 2021|Uncategorized|Comments Off on Report: Florida’s Property Insurance Market Is ‘Spiraling Towards Collapse’ Due to Litigation

Florida’s property insurance market is “spiraling towards collapse” and requires immediate attention if there is any chance of protecting the market, consumers, and ultimately, the state’s economy, according to an analysis about to be presented to the Florida Legislature. The …

20 01, 2021

Supreme Court Rejects Merck’s Bid to Reinstate $2.5B Damage Award Against Rival

By | January 20th, 2021|Uncategorized|Comments Off on Supreme Court Rejects Merck’s Bid to Reinstate $2.5B Damage Award Against Rival

The U.S. Supreme Court on Tuesday rejected Merck & Co. Inc.’s bid to revive a $2.54 billion jury verdict it won against rival drugmaker Gilead Sciences Inc. for infringing a patent in a dispute over a blockbuster hepatitis C treatment. …

19 01, 2021

How Climate Change May Affect Hurricane Risk and Losses: AIR, Brookings, AXIS

By | January 19th, 2021|Uncategorized|Comments Off on How Climate Change May Affect Hurricane Risk and Losses: AIR, Brookings, AXIS

By 2050, climate change-related weather events will have a meaningful impact on future hurricane losses, increasing them by 20% or more and in some cases doubling them, even without any increase in the concentration of property exposure along the coast, …

19 01, 2021

Insurance Veterans Lead Confianza, Big Data Analytics Startup for Smaller Insurers

By | January 19th, 2021|Uncategorized|Comments Off on Insurance Veterans Lead Confianza, Big Data Analytics Startup for Smaller Insurers

Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers. One co-founder – Jeffrey Glazer – is a past chief executive officer of Activer Solutions and Insurity, and was a past CEO of Insurance …

19 01, 2021

Insurance Veterans Lead Confianza, Big Data Analytics Startup for Smaller Insurers

By | January 19th, 2021|Uncategorized|Comments Off on Insurance Veterans Lead Confianza, Big Data Analytics Startup for Smaller Insurers

Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers. One co-founder – Jeffrey Glazer – is a past chief executive officer of Activer Solutions and Insurity, and was a past CEO of Insurance …

19 01, 2021

Business Start-Ups Surged Amid Covid-19 Pandemic

By | January 19th, 2021|Uncategorized|Comments Off on Business Start-Ups Surged Amid Covid-19 Pandemic

The surge of U.S. business formations in the back half of 2020 has been one of the pandemic’s many surprises. After cratering by 30% in the weeks following the March lockdowns, paperwork filed by prospective businesses started growing in June …

19 01, 2021

Startup Loop Wins Funding for Fairer Auto Insurance Rating Model That Uses AI

By | January 19th, 2021|Uncategorized|Comments Off on Startup Loop Wins Funding for Fairer Auto Insurance Rating Model That Uses AI

Loop, a managing general agency focused on building an auto insurance model that does not utilize credit scores and ZIP codes, announced the close of a $3.25 million seed round last week. Freestyle.VC led the funding round, with participation from …

20 01, 2021

Supreme Court Hears Baltimore’s Climate Change Damages Claim Against Energy Firms

By | January 20th, 2021|Uncategorized|Comments Off on Supreme Court Hears Baltimore’s Climate Change Damages Claim Against Energy Firms

The U.S. Supreme Court on Tuesday grappled with a dispute that one justice called a “close call” over a lawsuit filed by the city of Baltimore against energy companies seeking monetary damages due to the impact of global climate change. …