Articles by Andrew G. Simpson

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 …

AmTrust Drops Arbitrator-Bribery Claims Against Italian Ex-Broker Somma

Insurance firm AmTrust Financial Services Inc. has filed to voluntarily dismiss all of its claims against one of its former insurance brokers in Italy who AmTrust alleged bribed an arbitrator. The arbitrator had been called in to settle a business …

Massachusetts Lowers Employer Assessment for Workers’ Compensation

The Massachusetts Department of Industrial Accidents (DIA) reduced the assessment that private employers pay to the state on workers’ compensation policies to 5.6 percent of the policy premium for the new fiscal year, down from 5.75 percent during the last …

Industry Balks as Treasury Adopts 2% Formula for Defining Auto Insurance Affordability

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 will be considered unaffordable, under a new index being adopted …

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

Munich Re has partnered with 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 with Slice supplying …

Comma Doesn’t Get Massachusetts Workers’ Comp Scofflaw Off the Hook

A Massachusetts company has lost its argument that it should not have been prevented from participating on state or municipal contracts for three years due to its its failure to have workers’ compensation insurance as required by law for eight …