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Telematics Beyond Driving Behaviors

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Today's Headlines January 17, 2018

The Future of Small Business Insurance Distribution: What Can We Expect?

In the United States today, there are almost 28 million small businesses, all requiring a wide array of insurance coverage to confidently conduct daily business. Insuring these businesses has always provided massive opportunities for legacy insurance providers, yet the industry... read more
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AIG CEO Duperreault: Progress Made, Improvement Needed in Bringing Young Employees to Insurance

American International Group CEO Brian Duperreault said an effort launched about two years ago to recruit more young people to the property/casualty industry is making some progress, but there is room for improvement. read more
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Former CNA Chair Chookaszian Reveals the Industry's Unused Asset: Customers

When you serve as a director for five public companies and two dozen insurance technology service providers, you travel quite a bit. Sharing economy innovations have opened a world of new experiences that have made my trips over the past... read more
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E&S Deal: CapSpecialty Buys Renewal Rights to Rockhill Environmental Biz From State Auto

Capitol Indemnity Corp., a wholly-owned subsidiary of CapSpecialty Inc., said it has acquired the renewal rights to Rockhill Insurance Group's excess and surplus environmental insurance book of business. Rockhill is a member of the State Auto Insurance Group, which has... read more
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Deutsche Bank, Digital Broker Friendsurance Form Partnership

Deutsche Bank and digital insurance broker Friendsurance have formed a partnership designed to make it simpler and more transparent and convenient for clients to arrange for their insurance needs. To drive this, Deutsche Bank said it will integrate Friendsurance's digital... read more
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GE to Consider Breakup After $6.2B Long-Term-Care Insurance Charge

General Electric Co. indicated it is looking closely at breaking itself up on Tuesday as the conglomerate announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws. Chief Executive John Flannery has... read more
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Allstate's NW Hiring Push: 600 Positions, $10,000 Referral Bonuses Offered

Allstate Insurance Company announced Friday that it will be hiring 600 people to fill available positions throughout Washington, Oregon, Idaho, Alaska and Hawaii. Allstate is hiring to boost its growing Agency Sales Force to keep pace with growing consumer demand... read more
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Lemonade Co-Founder Calls Out Amazon for Poaching Employees

With two social media posts, Lemonade Co-Founder Shai Wininger called out Amazon for poaching the employees of his insurance carrier powered by artificial intelligence and behavioral economics, also threatening to retaliate by leaving Amazon's AWS cloud platform. On LinkedIn last... read more
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