Articles by Andrew G. Simpson

Top 10 ‘Most Ridiculous’ Lawsuits of 2016: Chamber of Commerce

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 …

Ex-Players Drop Case to Force NFL to Pay Workers’ Compensation for Concussions

The federal court case brought by 38 former National Football League players seeking to force the NFL to recognize chronic traumatic encephalopathy (CTE) as a covered disease under workers’ compensation has been withdrawn. Instead of pursuing their joint case, the …

Top 12 Insurance Trends and News Stories of 2016: Countdown

In the year 2016, as in past years, there were the familiar or continuing stories including reinsurers still wishing and hoping for a hardening market; property/casualty insurance carriers reporting financial results dampened by catastrophes, auto losses, and interest rates; and …

Startup Insurer Lemonade Is Going National; Files for Licenses Countrywide

Insurance startup Lemonade is eyeing a national expansion and has filed for licenses to operate in 46 states and the District of Columbia. The peer-to-peer insurer that is focused on renters and homeowners insurance is pursuing the broader regulatory approval …

Guidewire to Acquire Insurance Cloud Software Firm ISCS for $160 Million

Guidewire Software, which serves property/casualty insurers, has agreed to acquire another insurance software firm, San Jose, California-based ISCS, for $160 million in cash. The deal gives Guidewire entry into the small carrier market and additional expertise in cloud-based products. The …

Allstate Continues Its Technology Drive, Invests in Autonomous Vehicle Research at Stanford

Allstate Insurance Co., the nation’s largest publicly-held personal lines insurer, is continuing its drive into new technology, agreeing to a multi-year research project with the Intelligent Systems Laboratory at Stanford University (SISL). The scope of the research encompasses machine learning, …

Urine Test for Fatigue Could Help Prevent Accidents

Doctors, pilots, air traffic controllers and bus drivers have at least one thing in common — if they’re exhausted at work, they could be putting lives at risk. But the development of a new urine test, reported in the ACS …

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 …