Strategy
State Farm to Leave Banking Business Through New Strategic Alliance
State Farm is getting out of the banking business. The property/casualty insurer said it has formed a strategic alliance with U.S. Bank, allowing it to assume State Farm Bank's existing deposit and ...
Building a Diverse Workforce Takes Intentional Effort and a Wide Net
Building a diverse workforce doesn't happen by accident. Companies must make an intentional effort to cast a wide net when searching for potential recruits and to understand that one-size-fits-all ...
Tractable’s AI-Focused Disaster Recovery Tech Has Global Possibilities: CEO Dalyac
Now that Tractable has nailed down $25 million in new venture financing, founder and CEO Alex Dalyac's growth plans are kicking in. The InsurTech startup, launched in 2014, develops artificial ...
AmTrust Transferring Republic Personal Lines Business to Liberty Mutual
AmTrust Financial Services said it will transfer to Liberty Mutual renewal rights in six states for its Republic Personal Lines business. The deal involves Liberty's Safeco Insurance unit, and it ...
MGU SageSure: A Tech Company Dressed Up in an Insurance Company
While InsurTech carriers selling personal lines insurance see software licensing deals as new avenues to growth, a technology company operating in the special niche of catastrophe-exposed property ...
Lemonade Launches Nonprofit Foundation With $20M Endowment
Lemonade has established a nonprofit foundation designed to promote the use of AI, data and software to build socially impactful products and programs globally. Dubbed The Lemonade Foundation, the ...
Swiss Re Will Make UBS CEO Ermotti Its Chairman in 2021
Swiss Re plans to make UBS Group Chief Executive Sergio Ermotti its chairman from next year, the world's second-biggest reinsurer said on Tuesday, turning to a financial industry veteran with scant ...
Pinnacol Assurance: Being Flexible and Rolling Out the Red Carpet for Employees
On a snowy day in Colorado, Pinnacol Assurance's vice president of human resources is elated when the Denver headquarters is nearly empty. "That makes me really happy," Barbara Brannen told Carrier ...