Articles by Andrew G. Simpson

Insurtech Lemonade Wins $34 Million in New Funding As It Readies for West Coast Expansion

Lemonade, the home and renters insurance company run by artificial intelligence and behavioral economics, announced a $34 million B round of funding. The latest round was led by General Catalyst with participation from GV (formerly Google Ventures), Thrive Capital and …

Liberty Mutual to Acquire Ironshore from China’s Fosun for $3 Billion

Liberty Mutual Insurance has agreed to acquire specialty lines insurer Ironshore Inc. from China’s Fosun International Limited. Liberty Mutual will acquire a 100 percent ownership interest in Ironshore. According to the announcement, the purchase price will equate to 1.45x Ironshore’s …

ACA Does Not Hurt Medical Care Access for Workers’ Comp Claimants: Study

New research has found that while the Patient Protection and Affordable Care Act (ACA) has dramatically increased the number of people who are medically insured, it has not hurt access to medical care for workers’ compensation claimants, which was a …

Plans Underway for Super Regional P/C Insurer Conference 2017 for C-Suite Professionals

Insurance Journal and Demotech, Inc. announced that the inaugural Super Regional P/C Insurer Conference will be held July 16-18 2017 at the Grand Geneva Resort & Spa in Lake, Geneva, Wis. The theme of the event is “Finding Your True …

Insurers Praise House Approval of Systemic Risk Reform Bill

The House of Representatives took a step toward changing the Dodd-Frank financial regulation law by passing a measure that requires that a systemic risk designation be based on more than a financial institution’s size. The House vote was heralded by …

Why Auto Insurance Claimants Hire Attorneys

In a recent online poll, almost half of respondents with auto injury claims hired attorneys to help settle those claims. But most who hired attorneys were not upset with how their claim was being handled, according to the insurance industry’s …

NFL Players with CTE Sue to Force Teams to Pay Workers’ Compensation Benefits

A group of 38 former National Football League players have sued to force the NFL to pay them workers’ compensation benefits for the chronic traumatic encephalopathy (CTE) they say they developed as a result of head injuries they suffered while …

Allstate to Pay $1.4 Billion for SquareTrade, Seller of Warranties for Mobile Devices, Appliances

The Allstate Corp. agreed to acquire SquareTrade, a consumer electronics and appliance protection plan provider that distributes through many of America’s major retailers. Allstate said it will acquire the privately-held company for approximately $1.4 billion from a group of shareholders, …

Consumer Bureau Wants Full Court Review of Sole Directorship

The U.S. Consumer Financial Protection Bureau late on Friday asked the entire U.S. Court of Appeals for the District of Columbia to review an October decision that its structure is unconstitutional. The review will involve all the court’s judges, a …

Affordable Care Act Does Not Crowd Out Workers’ Compensation Claimants: NCCI Research

New industry research has found that while the Patient Protection and Affordable Care Act (ACA) has dramatically increased the number of people who are medically insured, it has not hurt access to medical care for workers’ compensation claimants, which had …