Content from Andrew Simpson
House National Flood Insurance Program Revamp Calls for 5-Year Renewal
A much-anticipated House subcommittee proposal on flood insurance promises to reauthorize the National Flood Insurance Program (NFIP) for five years beyond its September 30 expiration date. The ...
Insurance Groups Welcome Postponement of Liability Insurance Law Restatement
Insurance groups breathed a sigh of relief this week after legal scholars delayed a vote on a controversial restatement of liability insurance law. As reported by our sister publication Insurance ...
OneBeacon to be Acquired by Canada’s Intact Financial for $1.7B
Canada's largest property/casualty insurer, Intact Financial Corp., has agreed to acquire U.S. specialty insurer OneBeacon from White Mountains Insurance Group for US$1.7 billion. The merger will ...
Senate Bill Would Extend Flood Insurance Program for a Decade, With Changes
U.S. Senators Bill Cassidy (R-La.) and Kristen Gillibrand (D-N.Y.) have released draft legislation to reauthorize the National Flood Insurance Program (NFIP) for 10 years. The NFIP is currently set ...
Chubb CEO Greenberg Elaborates on Initial Critical Comments About Wholesale Brokers
In the London and other wholesale insurance markets, the practice of some brokers bundling similar accounts into high-volume portfolios to be more efficient and attract underwriters while still ...
Bush Wins! And Other Insurance Political News
Monumental views on insurance and risk in the nation's capital? Surely we jest. Well, we will take an occasional dip into the Potomac waters to poke fun, but overall we hope this reporting on ...
States Approve Motorists Mutual, BrickStreet Mutual ‘Super Regional’ Joint Venture
Ohio-based property/casualty insurer Motorists Mutual Insurance Co. and West Virginia-based workers' compensation insurer BrickStreet Mutual Insurance Co. Inc., have been granted regulatory approvals ...
Through the Roof: Drone Startup Hits 6,000-Inspection Milestone
BetterView, an insurance technology startup that captures and analyzes data from drones, announced early this month that it has performed more than 6,000 roof top inspections for insurers since its ...