Allstate Insurance Co. has expanded the Web presence of its 11,000 exclusive agents by creating individual agency Web sites that provide consumers local auto, home and financial services product information, insurance quoting capabilities and 24-hour customer service features. The sites provide consumers with expanded quoting and service capability along with a full suite of state-specific Allstate product and service information presented on behalf of the agent. "Allstate is excited to be one of the first in the industry to offer customers a tool that enables them to directly interface with their local Allstate agent," says Richard Heneberry, assistant vice president of Internet marketing at the Northbrook, Ill.-based company.
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Fortune and Great Place to Work analyzed 1.3 million survey responses, ranking the best companies in the U.S.
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"Lax regulation and monitoring of property insurers makes Florida mortgage markets far more exposed to climate risk than people might think," said Parinitha Sastry, an author of a working paper by researchers at Harvard University, Columbia University and the Federal Reserve.
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By collaborating, cybersecurity professionals and insurance providers can share insights, best practices, and trends in cyberthreats, creating a more secure environment for all.
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The insurtech development program, seeing frequent participation from Americas-based startups, dedicates latest cohort to regional entries.
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AI has great risks for underwriters but also great potential benefits, according to Randy Paez, chief information officer of Ambac. Paez spoke with Digital Insurance about how to leverage data and integrate AI into insurance operations.
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The top five insurance companies have an average P&C market share of 6.50% as of December 31, 2023.
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