Articles by Andrew G. Simpson

Flood Insurance Program to Lapse Nov. 30 Unless Congress Acts

Once again the fate of the nation’s flood insurance program is coming down to the wire. Authorization for the program is set to expire Friday, Nov. 30 unless Congress acts. The most likely action will be another short-term extension. Sens. …

Insurtech Profile: Broker Buddha Simplifies Agents’ Lives with Smart Forms

Many insurtechs find one problem and try to solve it. Broker Buddha is among them. This platform takes static PDF insurance carrier applications and converts them into interactive online smart forms that agents and their clients can both access for …

FEMA Seeking to Renew Its Private Reinsurance for Flood Insurance Program

The Federal Emergency Management Agency (FEMA) has begun the process of renewing its private market reinsurance for the National Flood Insurance Program for 2019, a purchase that could encompass $2 billion of reinsurance. FEMA said it intends to procure reinsurance …

Great American Insurance Names Liberty Mutual’s Artin to Cyber Liability Team

Great American Insurance Group has hired Kelli Artin as divisional vice president of Cyber Liability. Artin will focus on the distribution strategy and marketing of the company’s cyber risk insurance offerings. Artin most recently served as a vice president with …

AIG Finalizes Acquisition of Program Manager Glatfelter Insurance

American International Group said it has completed the acquisition of insurance program manager Glatfelter Insurance Group, a deal announced in September. The addition is a key element in AIG’s strategy to reposition its General Insurance business and return to profitability. …

Insurtech Profile: The Evolution of Slice and Future of Insurance

Insurtech Slice, which offers its own on-demand rideshare and homeshare products, now also provides cloud services for carriers wanting to offer their own on-demand products. The growing digital insurer and services provider recently closed a $20 million funding round to …

Winning, Sharing, Trusting, Failing, Losing: 10 Insuretech Connect Takeaways

Pulling together some loose threads from October’s Insuretech Connect Conference, here are 10 takeaways: Innovation Rap. “I actually feel the industry gets a bad rap in terms of innovation,” Dan Glaser, Marsh McLennan Cos. CEO, told the roomful of innovators, …

U.S. Lawsuit Accuses Walmart of Bias Against Pregnant Employees

Walmart is again being accused of violating federal law by failing to accommodate workers’ pregnancy-related medical restrictions. According to a lawsuit that was brought by the federal Equal Employment Opportunity Commission (EEOC), Alyssa Gilliam and a class of pregnant employees …

AIG Executives Outline Path to Underwriting Profit in 2019

“We do see it coming. We expect that in 2019 we’re going to be in an underwriting profit position, not a great one, but a profit. And we’ll move from there to a great one.” So said Brian Duperreault, president …

Insurtech Profile: Snapsheet’s Evolution in Making Virtual Claims Service a Reality

Tech-driven virtual claims services company Snapsheet started out as a service for body shops called Body Shop Bids before pivoting to serving insurers five years ago. Alex Meisner, director of innovation, is one of the original employees and knows the …