FEMA Postpones Switch to New Risk-Based Flood Insurance Rating Until 2021 November 8, 2019 By Andrew G. Simpson The federal government is delaying implementation of a major change to its pricing formula for federal flood insurance that bases...
Companies That Are Open About Cyber Risks Fare Better With Investors November 8, 2019 By Andrew G. Simpson Research finds that when one company experiences a cybersecurity breach, other companies in the same field also become less attractive...
Hiscox Names Karpp to Head Executive Risks and Cyber Practice in U.S. November 1, 2019 By Andrew G. Simpson Global specialty insurer Hiscox has appointed Doug Karpp as head of Executive Risks and Cyber in the U.S, which includes...
Industry Applauds House Panel Backing of Terrorism Reinsurance Renewal October 31, 2019 By Andrew G. Simpson Insurance carriers and agents are applauding a House committee vote advancing a bipartisan measure to renew the federal terrorism reinsurance...
How Specialty Carriers Approach Product Innovation: Research, Repeat and Reuse October 30, 2019 By Andrew G. Simpson “The industry really does look to specialty writers to be at the forefront of innovation,” says Gail McGiffin. Specialty insurance...
Insurance Agency BRP Group’s IPO Starts Today at $14 a Share October 24, 2019 By Andrew G. Simpson and Amy O'Connor Independent insurance distribution firm BRP Group Inc. could raise as much as $300 million in its initial public offering (IPO)...
James River Insurance Retains Rating After Dropping Its Biggest Customer, Uber October 18, 2019 By Andrew G. Simpson Ratings agency A.M. Best said its ratings of James River Insurance remain unchanged after the insurer said it would be...
Walmart Balks at $5.2 Million Damages Claim for Disability Bias Against Employee October 14, 2019 By Andrew G. Simpson A jury last week found that Walmart violated federal law for failing to accommodate the disabilities of a longtime employee...
Tokio Marine to Buy High Net Worth Insurer Pure for $3.1 Billion October 3, 2019 By Andrew G. Simpson Tokio Marine Holdings Inc. has agreed to buy U.S. high net worth insurer Privilege Underwriters Inc. and its specialty insurance...
EagleView Wins $125M Patent Infringement Award, Sales Halt Against Verisk September 30, 2019 By Andrew G. Simpson A New Jersey jury last week ordered insurance data services firm Verisk to pay $125 million to aerial imaging firm...