Articles by Andrew G. Simpson

AIG Buys Controlling Interest in Program Manager NSM Group

American International Group Inc. has agreed to acquire a controlling stake in NSM Insurance Group, a managing general agent and insurance program administrator, from ABRY Partners and NSM management. Terms of the deal were not disclosed. The transaction is expected …

Independent Insurance Agents Defying Doomsayers

According to analysts, technologists, aggregators and others, the independent agency system is in trouble. Somebody forget to tell independent agents. Or more to the point, the doomsayers perhaps didn’t notice that independent agencies have been adapting and getting more into …

Public Radio Report Puts Spotlight on Workers’ Compensation’s ‘Grand Bargain’

Last week’s ProPublica/National Public Radio report putting a spotlight on the workers’ compensation system caught the attention of  experts who were meeting in Boston to share research on how the system is performing at the same time the series was …

How Group Health Claims-Shifting Affects Workers’ Compensation: WCRI

Workers’ compensation insurers should expect more cost shifting from group health plans as a key provision of the Affordable Care Act (ACA) takes hold, according to new research from the Workers Compensation Research Institute (WCRI). The claims shift is already …

Who Is Tough Enough for a Conference in Wintry Boston?

It was 78 degrees and sunny yesterday when Tammy Perdue was packing her suitcase and the local forecast called for more of the same all week. Perdue, general counsel for Associated Industries of Florida (AIF) in Tallahassee, is on her …

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 …