Content from Andrew Simpson
How Lloyd’s Underwriters Are Viewing U.S. Property Risks Today
While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd's market who were in the process of increasing property insurance rates when the pandemic hit, ...
Insurers Back Biden More Than Trump, Give More Money to Republican Congressional Candidates
Democratic presidential candidate Joe Biden has received more funds from insurance industry political committees than President Donald Trump in this 2020 election cycle. Biden has received $5.5 ...
Insureds Seeking Premium Cuts Must Ask State Regulator First, Judge Rules
A federal judge has ruled that State Farm Fire and Casualty Co. does not have to return premiums to a small business customer because of the insured's reduced business during the pandemic. The judge ...
What the P/C Insurance Industry Will Get If Biden or Trump Win
If Republican President Donald Trump wins re-election, the property/casualty insurance industry is not likely to see much change from the status quo in Washington. If Democrat Joe Biden wins the ...
Insurers Win Bid to Prevent Consolidation of COVID-Related Business Interruption Lawsuits
A panel of federal judges has decided against consolidation of hundreds of lawsuits seeking coverage for coronavirus-related business interruption claims against major national insurers Travelers, ...
U.S. Treasury Warns Carriers Not to Pay Ransomware Demands
The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering and sanctions regulations. The warnings came in ...
Broker Alliant Sued by A.J. Gallagher Over Alleged Employee, Client Poaching Scam
California-based insurance broker Alliant is again being sued over an alleged poaching scam, this time by rival Arthur J. Gallagher & Co. Gallagher claims Alliant, with assistance and capital ...
What Distinguishes This Market? Here’s Lockton Re Leaders’ Insights
Lockton Re's Tim Gardner, global CEO, and Ross Howard, global chairman, have been through their share of hard markets. Like many in the reinsurance business, they agree no two hard markets are ...