Articles by Andrew G. Simpson

Change at Top at AmWINS: Purviance to Take Over DeCarlo’s CEO Role

Charlotte-based global wholesale broker AmWINS Group announced that Scott M. Purviance will succeed M. Steven DeCarlo as the company’s chief executive officer, effective May 1, 2018. DeCarlo, who has served as CEO of AmWINS since joining in December 2000, will …

Supreme Court Case on SEC Judges Could Disrupt Administrative Proceedings

The U.S. Supreme Court will decide whether the Securities and Exchange Commission’s in-house judges were appointed in violation of the Constitution, agreeing to hear a case that could upend administrative hearing systems across the federal government. The move came at …

Chances of La Niña Top 85%, Says National Weather Service

A U.S. government weather forecaster said on Thursday that La Niña conditions are likely to persist through the Northern Hemisphere winter. La Niña is characterized by unusually cold ocean temperatures in the equatorial Pacific Ocean and is linked with floods …

Commercial Lines Insurance Outlook Improves for 2018, Says A.M. Best

Analysts at A.M. Best have been sufficiently impressed by commercial lines insurers’ pricing, underwriting and resilience in recent years to boost their outlook on this segment of the U.S. property/casualty industry from negative to stable for 2018. The uptick is …

FEMA Expands Flood Reinsurance Program with Private Reinsurers for 2018

The Federal Emergency Management Agency (FEMA) has completed a reinsurance placement with 28 private reinsurers to help the National Flood Insurance Program (NFIP) recover losses it may have to pay in 2018. Expanding on its first private reinsurance placement last …

QBE North America Appoints Franzetti as Chief Operating Officer

QBE North America has named Daniel Franzetti as chief operating officer. Franzetti continues his role as chief claims officer for QBE North America. He will add to these claims responsibilities by overseeing all North American operations, systems, architecture, communications and …

Netflix vs. HBO and the Race to the Insurance Customer

The goal is to become HBO faster than HBO can become us, the chief content officer of Netflix said four years ago. In the insurance world, InsureTech Connect Conference founder Caribou Honig thinks traditional insurers and insurtech startups are facing …

Netflix vs. HBO and the Race to the Insurance Customer

“The goal is to become HBO faster than HBO can become us,” the chief content officer of Netflix said four years ago. In the insurance world, InsureTech Connect Conference founder Caribou Honig thinks traditional insurers and insurtech startups are facing …

Top Insurance Journal National Stories of 2017

It wouldn’t feel right to close out the year without looking back at the most popular stories on Insurance Journal during the past 12 months. Here are the national stories that attracted the most readers in 2017, organized by six …

Language Lessons for Property/Casualty Insurers

InsurTech leaders speaking at the InsureTech Connect Conference in October had a message for traditional insurers they have probably heard before: The language that insurance agents and carriers use is creating a gulf between insurers and customers who struggle with …