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.
March 5, 2021
The largest wholesale insurance broker, Amwins Group, is getting even larger as it has agreed to acquire Worldwide Facilities, the fourth-largest wholesale insurance broker in the U.S. The addition of Worldwide broadens Amwins’ specialty capabilities and expands its footprint, especially …
March 3, 2021
Digital commercial insurance company Next Insurance has agreed to acquire AP Intego, a Massachusetts-based digital insurance agency providing small commercial insurance products. Through its platform, AP Intego offers property/casualty insurance including pay-as-you-go workers’ compensation to the small business customers of …
March 1, 2021
Real estate software maker RealPage has been denied a $6 million computer crime insurance coverage claim because the stolen funds were not in its possession but were instead being held by a payment processing firm at the time of a …
February 22, 2021
If the nearly 4.3 million residential homes (1-4 units) across the country with substantial flood risk were to be insured through the National Flood Insurance Program (NFIP), the NFIP rates would need to increase 4.5 times to cover the risk …
February 22, 2021
While it obviously presented challenges, 2020 is looking like it may not have been such a bad year for workers’ compensation insurers and insureds after all. Insurers took in less premium but paid fewer claims. They managed to achieve one …
February 17, 2021
The question is not whether the future of the insurance industry is bright. “Few industries are better positioned for outstanding growth over the next 15 years,” insists Verisk’s Mark Anquillare. Anquillare points to the giant global protection gap between what …
February 16, 2021
The Progressive Corp. is acquiring Indiana-based trucking industry insurer Protective Insurance Corp. in a move that will increase its stake in the commercial lines insurance market. Progressive has agreed to pay $23.30 per share in cash, for a total transaction …
February 16, 2021
Construction insurance specialists at Lloyd’s of London are hoping to see more U.S. business from increased government investment in infrastructure projects in 2021. That will be welcome after a period of dealing with requests to step in on U.S. construction …
February 10, 2021
Target Corp. has been denied its $138 million insurance claim against ACE (now Chubb) Insurance companies stemming from a 2013 data breach. A federal judge in Minnesota ruled the retailer had failed to prove that its reimbursement to banks for …
February 9, 2021
The merger of Aon with Willis Towers Watson is on course to close in the first half of 2021, said John Haley, Willis Towers Watson’s chief executive. “In March of last year when we first announced [the merger], we had …