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Today's Headlines November 20, 2017

Machine Learning at an MGA

Machine learning, AI, cognitive computing and predictive analytics—terms that are oftentimes used interchangeably these days—are washing over the insurance industry with promises of increased profits and savings from every corner of the enterprise. They are however, not the same. Machine... read more
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Confessions of a Recovering Underwriter and InsurTech Founder

"So…you'll be CEO of a website???" That was my parents' confused reaction two years ago, after I spent 30 minutes walking through the rationale behind why I was going to leave the traditional insurance industry and launch Bunker. To date... read more
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Markel Vice Chairman Crowley to Retire; CFO Waleski Will Leave by Early 2019

Markel Corp said its vice chairman is retiring by the end of 2017, and its chief financial officer will be leaving in early 2019. read more
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California Wildfire Insured Losses Might Surpass $10B: AIR Worldwide

Insured loss estimates are coming in for the fall’s historic California wildfires, and they’re substantial. Catastrophe modeling firm AIR Worldwide said it estimates insured losses from the fires will likely now hit between $8 billion and $10.5 billion. Figures from RMS and Impact Forecasting are similarly high. read more
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FAA Approves AT&T Drone for Puerto Rico Cellular Service

The U.S. Federal Aviation Administration on Friday said it had approved a request by AT&T Inc to use a new drone known as the Flying Cow or Cell on Wings to help restore cellular service in Puerto Rico in the wake of Hurricane Maria. read more
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China Issues Sweeping Rules to Regulate $15 Trillion in Asset Management Products

China's central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country's rampantly growing shadow banking sector. read more
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'Brexit Bill' Proposal Likely From Britain Before December EU Summit

Britain will submit proposals on how to settle its divorce bill with the European Union before an EU summit next month and is expected to negotiate hard, finance minister Philip Hammond said on Sunday. read more
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Build a Happy Insurance Workforce, Boost Customer Satisfaction With These 4 Steps

When employees feel valued and they have the tools and information they need to do their jobs, they perform better, which can translate directly into higher customer satisfaction. This is true of any industry, but particularly insurance, where the experience... read more
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