Progressive Goes National with Usage-Based ‘Snapshot’ Car Insurance Program March 14, 2011 By Andrew G. Simpson Progressive has begun national advertising for its “Pay-As-You-Drive” program, Snapshot, which offers drivers discounts of as much as 30 percent...
Business Groups Back Expanding Federal Flood Insurance Options March 14, 2011 By Andrew G. Simpson Expanding a federal program that is already $17 billion in debt might seem like a non-starter of an idea on...
Soft Market Is Ending, Really It Is, Says SNL Financial March 10, 2011 By Andrew G. Simpson Could the soft market finally be over? A new analysis concludes that insurance prices are rising and the prolonged soft...
Florida Lawmakers Aim to Shrink State Insurer Citizens March 8, 2011 By Andrew G. Simpson Florida lawmakers are looking to cut the state’s largest property insurer down in size. The plan is to reduce the...
Republican Flood Insurance Bill Gets Positive Initial Reception March 8, 2011 By Andrew G. Simpson A Republican draft of legislation to reform the federal flood insurance program would renew the program for five years, phase...
Pennsylvania Considers Tort Reform, Again March 7, 2011 By Kenneth J. St. Onge and Andrew G. Simpson Pennsylvania lawmakers are once again eyeing a tort reform package — a resurrection of the “Fair Share” act — that...
Fraud Tax March 7, 2011 By Andrew G. Simpson It’s not very often that private insurers, state regulators, lawmakers and consumer groups are all on the same page on...
REAL ID Drivers License Deadline for States Postponed Until 2013 March 4, 2011 By Andrew G. Simpson The federal government has again postponed until 2013 the deadline for all states to be in compliance with the REAL...
No D&O Insurance at Berkshire, Other Notes from Buffett’s Letter February 28, 2011 By Andrew G. Simpson Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance...
Next for IBM’s Watson: Insurance Jobs in Jeopardy? February 22, 2011 By Andrew G. Simpson IBM wasted no time in parlaying the winning performance of its artificially intelligent Watson on the TV game show “Jeopardy!”...