Strategy
USAA’s Goal: Make Innovation Part of Its Cultural Fabric
Wal-Mart gave Jon-Michael Kowall some of his earliest lessons in innovation. The USAA executive was in his early 20s, a Wal-Mart manager-in-training in metro Austin and Corpus Christi, when new ...
State Farm to Displace 4,200 Workers and Exit 11 Locations
State Farm Mutual Automobile Insurance Co., the largest U.S. home and auto insurer, plans to shut 11 U.S. facilities, displacing about 4,200 workers, after a $7 billion annual underwriting loss last ...
Ironshore CEO Kelley: Goal Under Liberty Mutual Is to Become ‘Premier’ Specialty P/C Insurer
Longtime Ironshore Inc. CEO Kevin Kelley said his company has a genuine shot at becoming a "premier" specialty property/casualty insurance company, both domestically and abroad, now that Liberty ...
Nationwide, Markel, Munich Re Help Back Next Insurance’s $29M Funding Round
Digital Insurance startup Next Insurance nailed down $29 million in Series A funding, with an investor roster that underscores how many old-school carriers are hedging their bets on technology-fueled ...
Know Your Data and Other Cyber Risk Reduction Tips From Travelers and Symantec
With data breaches and business interruptions stemming from cyber-attacks now a significant worry for companies, there's one thing they can do to fight back: know their data. Travelers and cyber ...
Allianz Arm Grows Tuition Protection Coverage for Colleges, Universities
A division of Allianz is expanding its tuition protection coverage for colleges and universities. Allianz Global Assistance USA said it will partner with schools to provide students ways to boost ...
AIG’s Investors Worry Over Succession Plan, Company’s Future
For nearly two months, American International Group Inc has planned to replace its chief executive but a successor has yet to be named, creating a void that has stoked investor concerns about the ...
Q1 InsurTech Venture Funding Plunged, as Companies Advanced to Product Stage
InsurTech venture funding plunged 64 percent in the 2017 first quarter compared to the previous year, but the reason for the drop may actually be quite positive, according to a new Willis Towers ...