Articles by Andrew G. Simpson

ACE’s Greenberg Says TRIA Inaction ‘Shameful’; Defends Ebola Underwriting

The failure of Congress to renew federal terrorism reinsurance legislation is “shameful” because both political parties know it needs to be done and their differences are minor, an insurance executive said today. Evan G. Greenberg, chairman and CEO of ACE …

Best Agency to Work For – Southeast

Pride in Professionalism Peel & Holland – Benton, Kentucky Drivers in western Kentucky outside the college town of Murray are urged to keep their eyes peeled for the billboard that reads, “World Class In Your Hometown.” This billboard is advertising …

Advisen’s Ruggieri Replaces Hooper as North America CEO for Cooper Gay Swett Crawford

Global wholesale and reinsurance broker Cooper, Gay, Swett & Crawford said that Thomas P. Ruggieri will join the company as chief executive officer and president of the North American operations effective Oct. 10. Ruggieri, CEO at Advisen Ltd., replaces Shaun …

South Carolina Employee Scores Workers’ Compensation Win for Kickball Injury

The South Carolina Supreme Court ruled this week that an employee injured during a company kickball game is entitled to workers’ compensation benefits. The court found that Stephen Whigham’s kickball injury was covered by workers’ compensation because he was “impliedly …

Florida Opens, Closes Surplus Lines Opportunities

The recent legislative session in Tallahassee was relatively quiet, a matter some attribute to this being an election year. But even in quiet years, Florida lawmakers tend to make some noise about the insurance industry and this year was no …

Federated National Launching Another Florida Home Insurer, Monarch National

Florida homeowners’ insurer Federated National Holding Co. and the Canadian bank and investment manager C.A. Bancorp Inc. have agreed to form a new Florida-based homeowners insurance carrier to be named Monarch National Insurance Co. Both FNHC and C.A. Bancorp are …

With Premium Refunds in Process, Washington Criticism of Flood Insurance Ebbs

Insurance agent, insurance carrier and real estate lobbyists praised federal regulators in charge of the National Flood Insurance Program (NFIP) last week on Capitol Hill, agreeing that the process of issuing flood insurance premium refunds and restoring premium subsidies is …

Financial Firms Want More Time to Review U.S. Consumer Complaint Proposal

The federal government is proposing a new policy that would allow consumers to publicly post their complaints about consumer financial products and services. Under the proposal by the Consumer Financial Protection Bureau (CFPB), consumers would have the option to share …

NAIC Hiring Consultant to Review Its Decision-Making, Governance

The national organization for state insurance regulators, which has been telling federal and international regulators how they should govern the industry, has decided to engage a consultant to audit its own governance and policy-making practices. The National Association of Insurance …

Senate Passes TRIA Renewal with Broker Licensing Provision

In a 93-4 vote, the Senate today passed the Terrorism Risk Insurance Program Reauthorization Act of 2014 (S. 2244 ) that extends the federal reinsurance program for seven years. In addition to extending the Terrorism Risk Insurance Act (TRIA) for …