Articles by Andrew G. Simpson

Simpson is a freelance writer and editor. He retired as Chief Content Officer for Wells Media Group in July, 2022 after 18 years with the company.

Meat Producer JBS Paid $11M in Ransom to Cyber Attackers

Meat producer JBS USA paid the equivalent of $11 million in ransom in response to the May 30 criminal hack against its meat plant operations, the company confirmed in a statement released Wednesday. At the time of payment, the company …

How to Manage Social Media Liability in the Workplace: RIMS

“I remember when the worst thing you had to worry about at work was a misdirected reply-to-all on an email.” Joann Lytle, a partner with the law firm McCarter & English in Philadelphia, knows things have changed and there are …

Supreme Court Rejects Government’s Reading of Computer Fraud Law in Police Case

A Georgia police officer did not violate federal computer fraud law when he used his patrol car computer to access information on a license plate in exchange for money, even though his action violated his department’s policy against obtaining database …

Bayer Unveils New Roundup Risk Management Plan After $2B Proposal Fails

Bayer said today it will initiate a series of actions to address potential future litigation over its Roundup weedkiller product following the rejection of its $2 billion Roundup class settlement yesterday by a U.S. judge. Bayer said the new package …

Congress Studying Federal Reinsurance for Cyberterrorist Attacks

A research arm of Congress is studying the costs of cyber attacks on the U.S. infrastructure and whether the backup provided by the federal Terrorism Risk Insurance Program (TRIP) is adequate for cyberterrorism events. The General Accountability Office (GAO) said …

How to Manage Social Media Liability in the Workplace: RIMS

“I remember when the worst thing you had to worry about at work was a misdirected reply-to-all on an email.” Joann Lytle, a partner with the law firm McCarter & English in Philadelphia, knows things have changed and there are …

5 Ways Cyber Business Interruption Differs from Traditional Business Interruption: RIMS

While a typical business interruption can often be a confusing insurance situation, the picture gets even muddier when it involves cyber coverage. Chris Mortifoglio, a forensic accountant, knows all too well how muddy it can become. “I will tell you …

Supreme Court Backs Challenge to IRS Micro-Captive Reporting Rule

The U.S. Supreme Court has allowed a challenge to an Internal Revenue Services (IRS) requirement for firms to report micro-captive insurance arrangements to proceed. The IRS authority to require the captive reporting is being challenged as invalid by a Tennessee …

Biden Labor Department Nixes Trump Rule Affecting Gig Workers

The U.S. Department of Labor announced it is withdrawing a rule by the previous Trump Administration affecting independent contractors that was set to go into effect Friday. The Trump rule would have favored app-services firms like Uber, DashDoor and Instacart …

Why Sharing Economy Firms Just Might Be the Best Insurance Customers

Imagine insurance customers who actually enjoy meeting with their insurance broker. Customers who see insurance not as a nuisance mandate but as an integral part of their own and their customers’ success. Insurance buyers who are enthusiastic about discussing risks …