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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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
