Content from Andrew Simpson
QBE Selling U.S. Agency Biz For $300M
QBE Insurance Group Ltd. announced Tuesday that it is selling its U.S. agency businesses to California-based Alliant Services Inc. for about $300 million and exiting the distribution business. The ...
Google Poised to Enter U.S. Auto Insurance Market: Report
Giant search engine Google, which already offers auto insurance online in the United Kingdom, could soon be selling auto insurance online in the U.S. Google Compare Auto Insurance Services Inc., its ...
Federal Agencies Offer Flood Insurance Rule for Lenders
The federal government is offering residential property lenders guidance on escrowing their borrowers' flood insurance premiums and on when property owners do not have to buy flood coverage for ...
ACE CEO Said Ebola Risk Underwriting Approach is ‘Common Sense’
ACE Chief Executive Officer Evan Greenberg blasted news reports about his company's stance on Ebola risks as "sensationalized." In response to an analyst's question on the issue during an earnings ...
With Premium Refunds in Process, Criticism of Flood Insurance Program Ebbs
Insurance agent, insurance carrier and real estate lobbyists praised federal regulators in charge of the National Flood Insurance Program (NFIP) last week on Capitol Hill, agreeing that the process ...
NAIC Explores Revamp of How it Conducts Business
The national organization for state insurance regulators, which has been telling federal and international regulators how they should govern the industry, has decided to engage a consultant to audit ...
House Opposes Boost in Truckers’ Minimum Insurance Limits
The House of Representatives voted narrowly this week voted to block the federal government from raising the minimum liability insurance limits for truckers as recommended recently by the regulatory ...
Sunshine State Insurance Co.’s Fate Unclear After M&A Deal Collapses
The future of Florida's Sunshine State Insurance Co. (SSIC) is unclear now that a deal by another insurer to rescue it has fallen through. United Insurance Holdings Corp. (UPC Insurance Co.) ...