Articles by Andrew G. Simpson

USDA Seeks Crop Insurance Products for Specialty Crop, Fruit, Vegetable Growers

The federal crop insurance program would be extended to growers of specialty crops, fruits and vegetables as well as other farmers who have not had access to policies under new rules proposed by the U.S. Department of Agriculture (USDA). These …

FEMA Shows Some Progress Implementing Flood Insurance Changes: GAO

The agency responsible for managing the federal flood insurance program has made progress in carrying out key changes mandated by Congress in two recent laws but lacks resources and data to completely implement others, a government report says. [See copy …

Buying Insurance Is Like Online Dating? Or Loving a Local Agent?

Buying insurance has been compared to having a root canal and betting with pirates. It’s been called confusing and boring.  More than a few have said they’d rather listen to nails on a chalkboard than sit through an insurance pitch. …

GM Pays 130 Claimants Before Ignition Switch Filing Deadline

General Motors Co.’s compensation chief for ignition-switch accidents paid 130 victims ahead of his Jan. 31 deadline, confirming 51 deaths to date, out of a total of 4,180 claims. Lawyer Kenneth Feinberg, speaking Monday in an interview with Bloomberg Television’s …

Nationwide on the Darker Side in Super Bowl Ad

Nationwide Insurance ran into some social media backlash to its Super Bowl commercial that the company says was intended to spark a “fierce conversation” about preventing childhood deaths. Late last night, the insurer issued a statement explaining and defending the …

QBE Selling U.S. Agency Businesses to Alliant for $300M

QBE Insurance Group Ltd. of Australia is selling its U.S. agency businesses to California-based Alliant Services Inc. for about $300 million and exiting the distribution business. The agencies being bought by Alliant include Community Association Underwriters (CAU), Deep South Insurance …

Google Poised to Enter U.S. Auto Insurance Market: Report

Giant search engine Google, which already offers auto insurance online in the United Kingdom, could soon be selling auto insurance online in the U.S. Google Compare Auto Insurance Services Inc., its online auto insurance shopper, has been licensed to sell …

Senate Expected to Follow House, Approve Terrorism Insurance Renewal

Supporters of renewing the federal terrorism reinsurance program are optimistic that the Senate will follow the House and approve it, however the exact day and time of the Senate vote this week remains unclear. In addition to dealing with the …

Smaller Firms Showing Interest in Cyber Liability Coverage: Aspen’s Vitale

Cyber liability insurance isn’t just for large corporations anymore. Demand for cyber liability insurance is now coming from middle-sized and small businesses, according to an insurance CEO who believes the market potential is tremendous. “Now we see many, many what …

InsureZone Agency Network Enters Florida, Offering Markets

Fort Worth, Texas-based InsureZone, a national brokerage and agency network, has launched operations in Florida. The new operation, Florida InsureZone Direct (IZD), is targeting small-to-midsized insurance agencies, offering them markets, tools and support to help them compete with larger brokers …