Articles by Andrew G. Simpson

The Hidden Cost of Bundling Insurance Policies

Marketers love to bundle products and for good reason. Bundling encourages consumers to buy more. However, new research suggests that it’s not quite that simple. While bundling gets buyers to buy more, it can also make them less willing to …

How Digital Distribution Tools from IVANS Marry Agents, Carriers and Appetites

“Looking for a professional agent in the Chicago area who is in good financial shape, wants a long-term relationship, and is seriously into habitational risks. Must be Cubs fan.” Welcome to match.com for the property/casualty insurance industry. The insurance data …

Auto Insurers Dispute Consumer Report on Tactics Used in No-Fault Accidents

A national consumer group has charged that innocent drivers in most states are being forced to pay more for auto insurance for accidents in which they are not at fault. The report from the Consumer Federation of America (CFA) further …

Insurers Find Fault With Report Over How Auto Insurers Treat No-Fault Accidents

A national consumer group has charged that innocent drivers in most states are being forced to pay more for auto insurance for accidents in which they are not at fault. The report from the Consumer Federation of America (CFA) further …

Markel Closed 2016 with Improved Investment Gains and Higher Cat Losses

Markel Corp. ended 2016 with a drop in net income and increase in the combined ratio, with Hurricane Matthew and the Canadian wildfires to blame for higher catastrophe losses. At the same time, the insurer experienced gains in premium and …

CNA CEO Robusto ‘Back in the Game,’ Sees Room for Improvement in 2017

CNA reported fourth quarter and full year 2016 results, with its new CEO indicating that while there is a strong foundation at the insurer, the company has work to do in improving underwriting discipline and results and that is his …

Munich Re America Names Mozeika to New Insurtech Post

Munich Reinsurance America has created a new strategic position in its Reinsurance Division to help clients seize opportunities resulting from the rapidly developing field of insurtech. Robert Mozeika will assume the new role as innovation executive. Steve Levy, president, Reinsurance …

AIG, Fitch Put AIG Under Review Citing Reinsurance Deal, Reserve Adjustment

American International Group won’t be reporting its Q4 2016 financials until Feb. 14, but a disclosure about a “material adverse reserve adjustment” from the insurer for its U.S. commercial business drew warnings from both A.M. Best and Fitch Ratings. A.M. Best …

Why Are Large-Scale Tornado Outbreaks Increasing in U.S.?

The frequency of large-scale tornado outbreaks is increasing in the United States, particularly when it comes to the most extreme events, according to research recently published in Science. The study by researchers including Joel E. Cohen, a visiting scholar at …

Balloons, Exercise and Selfies: Most Ridiculous Lawsuits of 2016

Too much ice in an iced coffee? Too much lip balm left in the tube? Too much environmental damage from thousands of red balloons? Lawsuits complaining about those situations made this year’s list of unnecessary litigation as judged by The …