Insurers, Brokers Settle Spitzer-Era Bid-Rigging Case for $37 Million March 23, 2011 By Andrew G. Simpson Lawyers for a majority of the 15 insurance company and broker defendants in a long-running suit accusing them of bid-rigging...
First Community Seeks 23% Florida Homeowners Insurance Rate Hike March 22, 2011 By Andrew G. Simpson A group of Florida homeowners could see a double-digit increase in their property premiums if regulators go along with their...
House Moves On Flood Insurance Changes March 21, 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...
Next for IBM’s Watson: Insurance Jobs in Jeopardy? March 21, 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!”...
No on D&O March 21, 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? March 21, 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!”...
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...