Content from Andrew Simpson
Fitch Sees Rise in Demand for Private Flood Insurance
As federal subsidies for flood insurance are reduced and the cost of government provided insurance goes up, the demand for private flood coverage could also rise, according to Fitch Ratings. However, ...
House Passes Flood Insurance Bill; Key Senators Sign On
The U.S. House of Representatives Tuesday evening passed bipartisan legislation to curb some of the premium increases in the nation's flood insurance program that have been causing "sticker shock" ...
Obamacare Could Lead to Medical Cost-Sharing, Other Effects on P/C: IRC
The property/casualty insurance industry is likely to face cost shifting by hospitals, physicians and other medical providers due to the Patient Protection and Affordable Care Act (ACA), according to ...
Meditation Good for Business Executives, Not Just Monks: Third Point’s Loeb
Daniel Loeb, the billionaire founder of activist hedge-fund firm Third Point LLC, said spirituality is good for business. "Meditation, contemplation -- it's not just for monks and hermits," Loeb, 52, ...
Energi Insurance CEO McCarthy: Plugged Into Energy Revolution Through R&D
Just as there are best practices for managing today's energy risks, there are best practices for managing a company that specializes in insuring those risks. According to Brian McCarthy, best ...
Esurance Giving Away $1.5M in Twitter Sweepstakes
Direct car insurance provider Esurance is giving consumers a chance to win $1.5 million in a Twitter sweepstakes. Actor John Krasinski announced Esurance's Twitter sweepstakes in a television ...
Creating Conditions for Private Flood Insurance Market
New technologies and a better understanding of flood risk may have increased private insurers' interest in providing flood insurance but real obstacles remain to the private sector getting involved. ...AIG Extends Tax Asset Protection Plan by 3 Years
American International Group Inc. extended by almost three years a plan designed to protect the value of deferred tax assets that limit payments to the government that bailed out the insurer. The ...