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    MAN VS. MACHINE: ARE HUMANS OBSOLETE?

MAN VS. MACHINE: ARE HUMANS OBSOLETE?

Are humans necessary to deliver a policy from the insurer to the client? I started out in the insurance industry as an agent almost 40 years ago. It was 1977 and there were no computers, cell phones or fax machines. No spell-check, only a Webster dictionary next to my electric typewriter, plus an ample (thankfully) supply of Wite-Out. It was the year that Steve Jobs and Steve Wozniak launched their

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    NEW SIFI RULES RECEIVE PUBLIC COMMENT

NEW SIFI RULES RECEIVE PUBLIC COMMENT

Initial positive response from insurance sector for “too big to fail” insurers Officials of the Federal Reserve System proposed new rules governing capital reserves for two classes of insurance enterprises: insurers that own a bank holding company and insurers deemed to be Systemically Important Financial Institutions (SiFi). Early responses to the proposal from property/casualty insurance interests welcomed the proposals. The Federal Reserve officials announced plans to accept public comments until

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