Articles by Andrew G. Simpson

HCI to Expand Flood Insurance Sales to Nine States

As Congress tries to figure out how to change the federal flood insurance program to encourage more private insurer involvement, one insurer isn’t waiting to wade deeper into the private flood insurance business. Florida-based HCI Group is looking to take …

Willis Re North America Names Ingle Head of Analytics

Brian Ingle will lead the Analytics team for Willis Re North America following Alice Underwood’s appointment as head of Risk Consulting and Software. Ingle will report to Jim Bradshaw, CEO, Willis Re North America. Ingle joined Willis Re in 2006 …

Facts About Fireworks: 11,000 Injuries, 4 Deaths in 2016

The Fourth of July means fireworks across America and that can mean thousands of injuries and trips to hospital emergency wards. An estimated 7,600 of the total 11,000 fireworks-related injuries in 2016 were treated in hospital emergency departments during the …

USI Wins Competition to Acquire Wells Fargo Insurance Businesses

Wells Fargo is selling its commercial insurance business to national brokerage USI Insurance Services. USI said it has agreed to acquire Wells Fargo Insurance Services USA that includes commercial insurance brokerage and consulting, employee benefits and property/casualty national practices, along …

Powered by Homegrown Insurtech, HCI to Expand Flood Insurance Sales to 9 States

As Congress tries to figure out how to change the federal flood insurance program to encourage more private insurer involvement, one insurer isn’t waiting to wade deeper into the private flood insurance business. Florida-based HCI Group is looking to take …

House Committee Adds 5 More Bills to Its Flood Insurance Reform Package

The House Financial Services Committee advanced five flood insurance proposals on Wednesday, adding to the two bills it passed last week. The House measures seek to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire …

U.S. P/C Insurance Industry Keeps Quiet on Trump Exit from Paris Climate Accord

The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the Paris climate change accord. The American Insurance Association (AIA), …

House Committee Advances 2 Flood Insurance Bills; More to Come

The House Financial Services Committee on Thursday passed two bills to reform the National Flood Insurance Program (NFIP). One is a broad reform proposal that seeks to encourage more private insurance and move the program toward actuarial-based rates, while the …

House Panel Gets Down to Business on Flood Insurance Proposals

House lawmakers are weighing seven proposals to renew and reform the federal flood insurance program, an area where there is a good amount of bipartisan agreement that something should be done and even on what to do. The House Financial …

XL Catlin’s O’Malley Moves to StarStone to Lead Cargo Unit in London

Global specialty insurer StarStone has appointed Rod O’Malley as of head of cargo in London. O’Malley is joining StarStone in from XL Catlin, where he most recently served as head of the UK cargo team and senior class underwriter. He …