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.

Measuring the Moment: How Will George Floyd’s Death Matter to Insurance Industry?

The marches and protests across the globe sparked by the death of George Floyd by Minneapolis police are presenting the country with opportunities to confront the racism and inequality that African-Americans confront every day. As executive director of the National …

Willis Towers Watson Faces Shareholder Lawsuits in U.S. Over Sale to Aon

There have been at least three shareholder lawsuits filed over the mega-deal that would have insurance broker Aon acquire rival Willis Towers Watson. The suits allege that Willis and its directors breached their fiduciary duties under U.S. securities laws by …

As Doctors Prescribe Fewer Opioids for Injured Workers, What Do They Offer Instead?

The good news is that doctors are less likely to prescribe opioids to injured workers than they were years ago. They have come to recognize that the pain medications have been overprescribed, causing addictions and deaths including suicides. The bad …

Lexington Insurance Wins Texas Battle of Hurricane Harvey Deductibles

In a case of competing deductibles, a federal appeals court has sided with an insurer and against the owner of two Houston office buildings, holding that a larger windstorm deductible applied to flood damage caused by Hurricane Harvey rather than …

Altamont Capital Deal to Acquire Topa Insurance Called Off

The deal for Altamont Capital Partners to acquire Topa Insurance Group has been called off. Last August, Altamont Capital Partners signed an agreement to acquire Calabasas, Calif.-based Topa Insurance Group from its long-time owner, Topa Equities Ltd. While Altamont was …

Fitch Sees Little Stress on Insurer Ratings From Pandemic. Thus Far.

Having reviewed 70% of all of the North American insurers it rates for the effects of the coronavirus and economic downturn, Fitch Ratings has affirmed the ratings of 72% of the carriers with stable outlooks. Only 4% have been downgraded. …

Legal Sea Foods Restaurant Sues Over Business Losses Under Policy Issued March 1

A popular seafood restaurant chain that has been shuttered by the coronavirus and restrictions on dining has gone to court to get its insurer to pay for its business interruption losses. It believes its insurer is obligated in part because …

Raising Workers’ Total Health With Workers’ Comp The Many Ways a Job Affects a Worker’s Well-Being

Workers’ compensation leaders are being urged to move away from thinking primarily about how best to prevent and treat a worker’s physical injury to considering how to help the whole worker. It’s a daunting assignment given the variety of ways …

Treating the Total Person: Overcoming the Mental Health Stigma

In the HBO drama The Sopranos, crime boss Tony Soprano sneaks through a maze of storefronts to meet with his therapist. The last thing he wants is for his mob family to know he is seeing a shrink. That would …

CEO Musk Replaces Tesla’s D&O Policy with ‘Personal Coverage’

Tesla founder and CEO Elon Musk is getting into the insurance business again, sort of. Musk has cancelled his company’s directors and officers insurance (D&O), replacing it with a promise to personally provide his board members with “equivalent” coverage to …