Articles by Andrew G. Simpson

AIG Latest to Bring Cyber Insurance to Personal Lines High-Net Worth Clients

American International Group Inc., the biggest seller of cyber insurance to businesses, is bringing cyber insurance and risk mitigation services adapted from its CyberEdge commercial insurance product to its high net worth personal lines insurance clients. AIG is offering the new product, called Family CyberEdge, to …

Insurtech Startups Take Note: Traditional Insurers Score Highest Ever Satisfaction Grades

Those uppity insurtech startups might want to take note: About one of every 15 U.S. homeowners insurance policyholders files a claim each year, and these claimants are now giving insurers their highest ever satisfaction ratings. The J.D. Power 2017 U.S. …

Court Blocks U.S. Suits by Jewish Families Against Palestinian Authority

A federal appeals court says the families of Jewish worshippers who were killed or wounded during a 2011 attack in the West Bank can’t sue the Palestinian Authority for damages in U.S. courts. The decision last Friday upheld a lower …

4 Million Driving Jobs at Risk from Autonomous Vehicles: Report

As many as four million truck, bus, delivery and taxi driving jobs could be lost if fully autonomous vehicle technology is adopted in a short period of time, according to a new report. With more than 30 companies—including automakers BMW, Daimler …

Half of Global Insurance Premium Growth Tied to China: Allianz Research

Allianz Research projections show that total global premium income rose to a new record high of 3,650 billion euros ($3.9224 billion U.S. dollars) last year (excluding health insurance). In a year-on-year comparison, the nominal increase – after adjustments to reflect …

Patients’ Pre-Surgery Opioid Use Contributes to Higher Costs, Complications

Surgery patients often go home from the hospital with a prescription for painkillers to take as they recover. But a new study suggests that doctors should also focus on patients who were taking such medicines before their operations. People who …

Credible Workers’ Comp System Is More Important Now Than Ever: WCRI Conference

After decades of managing costs for employers, it’s time for workers’ compensation professionals and public policymakers to turn their attention to the needs of injured workers and think of themselves as players in a broader safety net, workers’ comp experts …

Take This Lemonade and Startups: Insurers Garner Record High Satisfaction Grades

Those uppity insurtech startups might want to take note: About one of every 15 U.S. homeowners insurance policyholders files a claim each year and these claimants are now giving insurers their highest ever satisfaction ratings. The J.D. Power 2017 U.S. …

100 Cities Ranked by Home Fire Risk: The Hartford

According to The Hartford Home Fire Index, which ranks 100 cities based on their home fire risk, the top five highest risks are: Detroit, Mich.; Shreveport, La.; Boston, Mass.; Flint, Mich. and Richmond, Va. Cities ranked six through 10 for …

Top 10 Highest-Performing Large Commercial Insurers: J.D. Power

XL Catlin was 2016’s highest-performing large commercial insurer in terms of customer satisfaction, according to the latest J.D. Power study. CNA, Chubb, Berkshire Hathaway Homestate Companies and a pre-merger ACE (which acquired Chubb) rounded out the top 5. Those designations …