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The limitations of territory-based rating can become a thing of the past because of increased access to location-specific data and risk scores.
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Leaders at Wawanesa Mutual Insurance Company hope that the insurer’s new structure, with SVPs and chief operating officers for both East and West, will help it make the most of opportunities in both geographies and get closer to brokers, the recent appointees told Insurance Business.
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We’ve all heard “curiosity killed the cat.” Maybe that is one of the reasons that curiosity is not typically the first virtue embraced by leaders today. But it should be—or at least it should be in the top three (along with two other leadership pillars I see as key—vulnerability and authenticity.)
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