Articles by Andrew G. Simpson

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 …

Massachusetts City Settles Coerced Confession Claim for $2.1M

The city of Worcester, Massachusetts has agreed to pay $2.1 million to a mother who said police officers coerced her to confess to suffocating her 13-month-old son with a teddy bear. The Telegram & Gazette reported that the city announced …

Vermont Governor Names Pieciak Chief of Financial Regulation

Vermont Gov. Peter Shumlin has appointed Michael Pieciak as the commissioner of the Department of Financial Regulation (DFR), replacing Susan Donegan whose last day on the job was June 30. Pieciak previously served as deputy commissioner of DFR’s securities division. …

AIG’s Zigerlig Joins Hub Northeast’s Fine Arts Division in New York

Katja Zigerlig has joined Hub Northeast as senior vice president, Fine Arts and Special Risks Group, responsible for developing business with collectors, museums, dealers and estates. Zigerlig will be based in the New York City office. Most recently, Zigerlig served …

Narragansett Bay Insurance Names Hutchinson Assistant VP, Territory Manager

Narragansett Bay Insurance Co. has named Peter Hutchinson an assistant vice president and Rhode Island and Massachusetts territory manager.  Hutchinson will be responsible for partnerships with NBIC’s agents and industry associations, profitable growth, and service delivery in Rhode Island and …

New Hampshire Woman Withdraws Civil Suit Against Bill Cosby

A 72-year-old New Hampshire woman who says Bill Cosby raped her in 1965 has withdrawn her civil defamation lawsuit against the comedian after a federal judge had allowed the case to move forward. Kristina Ruehli’s lawyer told The Associated Press …