Articles by Andrew G. Simpson

U.S. and EU Sign Covered Agreement on Insurance Regulation

The United States and European Union have scheduled a ceremony for today for the signing of a bilateral agreement on prudential insurance and reinsurance measures. Both sides announced in July their intention to sign the agreement, also known as a …

Employer Leadership in Disaster Recovery and the Power of Return-to-Work

Businesses and their leaders have a unique role to play in helping communities and individuals recover from the devastation of a storm like Hurricane Harvey, and they should not underestimate the power of getting employees back to work and re-establishing …

Why the Federal Flood Program Is Sinking Deeper into Debt: CBO Report

The federal flood insurance program is on a course to continue falling deeper in debt, even when there is no catastrophic storm like Katrina or Harvey. The National Flood Insurance Program (NFIP) is currently on a path that will lead …

Chubb Appoints Parchment to Head European Personal Risk Services

Chubb announced that Tara Parchment, vice president, Personal Risk Services, UK & Ireland, has been appointed as head of its European Personal Risk Services division. In this role, Parchment will have responsibility for the performance of the company’s high net …

QBE Group CEO Neal to Exit; Regan to Succeed Him in January

QBE Insurance Group today announced that John Neal, Group chief executive officer, will be stepping down after five years in the role. The board of directors has appointed Patrick Regan, chief executive officer Australian and New Zealand operations and previously …

Why Federal Flood Program Is Sinking Deeper Into Debt: CBO Report

The federal flood insurance program is on a course to continue falling deeper in debt, even when there is no catastrophic storm like Katrina or Harvey. The National Flood Insurance Program (NFIP) is currently on a path that will lead …

5 Reasons Cyber Security Is Failing and What P/C Insurers Can Do About It

Businesses are spending a small fortune on cyber security but what they are doing is not working very well, according to a cyber security expert who sees the insurance industry as a key to improving the situation. “We have a …

Center for Auto Safety Names Levine to Succeed Ditlow as Executive Director

The non-profit Center for Auto Safety has appointed Jason K. Levine as its new executive director. Levine succeeds the late Clarence M. Ditlow III, who headed the organization for 40 years. Ditlow died from cancer last November. Levine, a consumer …

Why and How P/C Insurance Carriers Should Work with Insurtechs

Startup insurtechs need partnerships more than they need money from insurance carriers, according to one leading venture capitalist actively funding insurance technology firms. Venture firm XL Innovate’s Martha Notaras told Super Regional property/casualty insurer executives looking to get involved in …

Hartford’s Boyd Assumes Second Role as Head of Personal Lines Agency Channel

The Hartford has appointed Mary Boyd as head of the Personal Lines agency channel in addition to her current role as head of the Personal Lines direct channel. In this expanded role, she will be responsible for strengthening alignment across …