Content from Andrew Simpson
James River Insurance Retains Rating After Dropping Its Largest Customer, Uber
Ratings agency A.M. Best said its ratings of James River Insurance remain unchanged after the insurer said it would be cancelling its business with ride-hailing giant Uber affiliate, Rasier, its ...
Verisk Must Pay $125M to EagleView in Patent Infringement Verdict
A New Jersey recently ordered insurance data services firm Verisk to pay $125 million to aerial imaging firm EagleView for lost profits linked to Verisk infringing on various EagleView patents. The ...
Research, Repeat and Reuse: Specialty Carriers’ Unique Toolset for Product Innovation
"The industry really does look to specialty writers to be at the forefront of innovation," says Gail McGiffin. Specialty insurance carriers have a unique "toolset" that helps them grow through ...
GEICO, Following Progressive and Others, Adds Telematics to Track Driver Behavior
Berkshire Hathaway's GEICO auto insurer has joined the ranks of carriers using telematics to track and improve driver behavior—after resisting for years. Berkshire Hathaway's GEICO has been one of ...
Markel Says It Is Resolving Suits Filed by Fired CatCo Execs Over Unpaid Bonuses
Markel Corp. appears on the way to settling with two former employees who sued over unpaid bonuses after they were dismissed for allegedly having a personal relationship that Markel said violated ...
Federal Flood Insurance Program Wins Short Extension
Having failed several times to pass a $19 billion disaster aid bill with a federal flood insurance reauthorization provision by unanimous consent, the House of Representatives managed on Thursday to ...
Billionaire Covering Morehouse Grads’ $40 Million Student Debt Has Insurance Industry Ties
The billionaire technology investor and philanthropist who has promised to assume the $40 million student debt of the entire graduating class at Morehouse College has ties to the insurance industry. ...
Six Side Effects of AI in Insurance and How to Handle Them
Artificial intelligence, with its ability to analyze large amounts of data, may be the next great thing that is going to transform insurance and perhaps the world. But whatever good AI brings will be ...