Articles by Andrew G. Simpson

Updated: Federal Insurance Office Seeks Comments on Auto Insurance Affordability

The insurance office within the U.S. Treasury is looking into whether minorities and low and moderate income Americans have access to affordable auto insurance. On April 10, the Federal Insurance Office, citing its authority under the Dodd-Frank act to monitor …

Independent Insurance Agents Find Some Pundits, Politicians in Washington Agree

News flash: a conservative and a liberal in Washington agree — on quite a few matters, in fact. Before an audience of independent insurance agents, commentators Tucker Carlson, a conservative, and Paul Begala, a liberal, agreed that the coming midterm …

Insurance Agents Learn How to Market to People Unlike Themselves

The middle-aged white woman told the audience of mostly older white male businessowners that much of the country and many of their future customers don’t look like them or necessarily share all their values. While whites make up 64 percent …

Aspen Rejects Endurance’s $3.2B Hostile Acquisition Bid As ‘Ill-Conceived’

Bermuda-based Endurance Specialty Holdings Ltd. today offered to buy Aspen Insurance Holdings Limited, also based in Bermuda, for $3.2 billion, or $47.50 per Aspen share, in a hostile takeover. The combined company would have more than $5 billion of combined …

Independent Insurance Agents Find Some Pundits, Politicians in Washington Agree

News flash: a conservative and a liberal in Washington agree — on quite a few matters, in fact. Before an audience of independent insurance agents last Friday, conservative commentator Tucker Carlson and liberal commentator Paul Begala agreed that the coming …

Adjuster, Nationwide Mutual Take Sides Over ‘On Your Side’ Slogan

Nationwide Mutual Insurance Co., which has used the “On Your Side” slogan in its marketing and advertising since 1966, is suing a small Tennessee public adjusting firm that goes by the name On Your Side Adjusters Inc. for trademark infringement. …

Flashback: Key P/C Insurance Mergers and Acquisitions of 2013

Compared to some previous years, there were not a lot of mergers in the property/casualty carrier space in 2013 but there were some interesting ones. Major carrier transactions included specialty insurer Markel’s acquisition of reinsurer Alterra for $3.1 billion and …

Senate Approves Bill to Curb Flood Insurance Hikes

The Senate today went along with the House of Representatives by passing a bill to reverse flood insurance reforms and curb flood insurance premium increases. The Senate approved H.R. 3370, the “Homeowner Flood Insurance Affordability Act of 2013,” by Sen. …

Workers’ Comp Needs to Catch Up with Healthcare Changes: Economist Gruber

Workers’ compensation must align itself with the rest of the changing healthcare system to avoid increased cost-shifting by workers and medical providers, according to an economist involved in the Massachusetts and Obama administration healthcare reforms. Jonathan Gruber, professor of economics …

Adjuster Claims Nationwide’s ‘On Your Side’ Is Deceptive Advertising

Nationwide Mutual Insurance Co.’s use of the slogan “On Your Side” constitutes false and deceptive advertising because the insurer does not represent insureds as the slogan implies, according to the Tennessee adjuster who is in a trademark battle with the …