Articles by Andrew G. Simpson

Patients on Opioids Before Knee Surgery Have Worse Pain Outcomes

Six months after knee replacement surgery, pain outcomes were not as good for patients who previously took prescription opioids, according to a study in the May 17 issue of The Journal of Bone & Joint Surgery. “Our results should be viewed as a …

WannaCry Attack Could Be Opportunity for Cautious Insurance Industry: A.M. Best

According to a rating agency A.M. Best, the the recent WannaCry ransomware attack could be a benefit to the insurance industry if it leads to better-crafted policies with clear language that provide the desired protection for policyholders. A.M. Best said …

Update: Insurers Sound Alarm Over Liability Law Restatement; Vote Delayed

Liability insurers, their lawyers and their regulators are holding their collective breath that a scheduled vote this week on a proposed restatement of law regarding liability insurance will not happen. If approved, the controversial restatement would give policyholders more clout …

Brightway Adds 5 Women-Owned Insurance Agencies

Insurance agency franchise operator Brightway is opening five new personal lines insurance agencies that are owned by women, two of which are the first Brightway agencies to open in California. In addition to California, Oklahoma, South Carolina and Florida are getting agencies, …

Since the Election, Political Talk in Workplace Hurting Job Performance: Poll

American workers are more likely to say they are feeling stressed and less productive because of political discussions at work now than before the 2016 presidential election, according to survey results released by the American Psychological Association. The survey found that …

Startup Next Insurance Raises $29 Million from Insurers, Other Investors

Next Insurance, a digital insurance company for small to medium businesses, said it has raised $29 million in a Series A funding round led by Munich Re/HSB Ventures along with Markel, Nationwide and other existing investors. Next said the funding …

Canadian P/C Insurer Intact Financial to Acquire OneBeacon for $1.7 Billion

Canada’s largest property/casualty insurer, Intact Financial Corp., has agreed to acquire U.S. specialty insurer OneBeacon from White Mountains Insurance Group for US$1.7 billion. The merger will create a North American specialty lines insurer with more than $2 billion in specialty …

Virginia Tech Scientists: BP Oil Spill Caused $17.2B in Natural Resource Damage

The 2010 BP Deepwater Horizon oil spill did $17.2 billion in damage to the natural resources in the Gulf of Mexico, a team of scientists recently found after a six-year study of the impact of the largest oil spill in …

Senate Bill Would Extend National Flood Insurance Program for 10 Years

U.S. Senators Bill Cassidy (R-La.) and Kristen Gillibrand (D-N.Y.) have released draft legislation to reauthorize the National Flood Insurance Program (NFIP) for 10 years. The NFIP is currently set to expire on Sept. 30, 2017. The legislation, the Flood Insurance …

Biohazard Cleanups Not Pretty—and Neither Are the Costs to Insurers

If Peter Duncanson is on the scene, it’s probably not pretty. It could be a CSI-like crime scene with spattered blood and skin fragments on the sofa and wall. Or a trauma scene where an injured employee or animal traipsed …