Articles by Andrew G. Simpson

U.S., China Insurance Regulators Keep Open Dialogue

Regulatory representatives from the U.S. and China met this week to discuss issues facing their respective insurance markets. The meeting was held at the National Association of Insurance Commissioners (NAIC) New York office. According to the NAIC, they discussed retirement …

Local Fire Chief Credits ‘Pokemon Go’ Player with Saving Building

Authorities say a man who was outside playing “Pokemon Go” helped save a burning Massachusetts building from severe damage. Sandwich Deputy Fire Chief John Burke said the man lived nearby and was in the parking lot playing the cellphone game …

Meeting of 2 Minds on Worker Safety as Path to Profit

Adam Friedlander is a third generation insurance professional who has made his mark in safety, workplace safety that is. His New York agency, Friedlander Group, has for years developed and managed employer safety groups that have helped businesses improve workplace …

Chubb Weathers Q2 Disasters; CEO Greenberg Hits Anti-Trade, Anti-Immigration Politics

Chubb Ltd. weathered claims from major storms in Texas and other U.S. states, Canadian wildfires and earthquakes in Japan and Ecuador in the second quarter to record solid operating results. Operating income at the giant insurer formed with the merger …

UConn Plans Biological Risk Institute

The University of Connecticut is establishing an Institute of Biological Risk. The school says the new institute will seek to understand and mitigate emerging threats to agriculture, natural resources, human health and the economy. That means studying climate change and …

Renaissance Alliance Names Christiansen as Managing Director, Business Development

The Massachusetts-based agency coalition and services network, Renaissance Alliance Insurance Services, has named Michael R. Christiansen to the position of managing director, Strategic Business Development. In this role, Christiansen will work with management and business development teams on a range …

Administrator of Sept. 11 Victims’ Compensation Fund Leaving Post; Successor Named

The administrator of the federal compensation fund for Sept. 11 victims is stepping down after five years. Sheila Birnbaum will leave her post as special master of the fund that disburses compensation awards to first responders, recovery workers and other …

Houston International Insurance Group Announces Senior Management Promotions

Houston International Insurance Group (HIIG) announced senior management promotions for its holding company, property/casualty underwriting operations and other business units. Peter Smith has been promoted to president of the holding company and will continue to report to Stephen L. Way, …

Munich Re Partners with Startup Slice to Offer On-Demand Insurance Products

Munich Re has partnered with New York City-based insurtech startup Slice Labs Inc. as Slice prepares to launch its first on-demand, per-use insurance product. Slice and Munich Re said they have agreed to an ongoing roll-out of products and territories …

Treasury Adopts 2 Percent Formula for Defining Auto Insurance ‘Affordability’

Industry Says Affordability Definition Will Lead to Confusion on Price If the average auto insurance liability premium paid by consumers in minority and low-income neighborhoods is more than 2 percent of the median income in those neighborhoods, the auto insurance …