There is no need to worry, while they have the right to get into insurance, however they are not doing a good job at it. In addition, they the consumer are not jumping aboard nor is it cheap to win them over. If big tech is the insurance agents competition, that is something to be happy about and even invite it as it’s not working!
Privacy issues, for one. A massive and growing problem recognized by European authorities but completely ignored by our Congress.
Also, the recent research indicating that exposure to video games and the internet can literally damage the brains of children, as reported on 60 Minutes 2 weeks ago.
How about the spread of pornography, including child pornography? No problem for you? Or the facilitation of criminal transactions using the dark web?
Not to mention the growing body of evidence that the more time spent on the internet, the more likely you can experience depression. The massive disconnection going on in society generally is being accelerated by technology, leading to further alienation and division.
But otherwise, Big Tech has created no problems at all.
Actually, if you notice, with rare exception I only chime in on two topics: climate change stories that push the Boogie Man fear without balance and stories about pot.
P.S. I left out the other damaging thing about Big Tech: helping to hollow out the American and European middle class. Amazon actively solicits Chinese manufacturers to replicate successful American-made retail products. (Seems worse than the oil companies in my book.)
January 2, 2019 at 4:27 pm
Rosenblatt says:
Like or Dislike:
10
1
Your arguments speaking to a lack of privacy, increased depression and illegal actions on the dark web are well stated, but I’m just going to have to go ahead and call shenanigans that video games are literally damaging the brains of children.
Blame Anderson Cooper and 60 Minutes. They said that screen time with phones is damaging the brains of children, not me.
Others agree with them. They are called “scientists”.
January 3, 2019 at 1:45 pm
Captain Planet says:
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4
0
Ah, there you go redirecting again, Craig. Screen time is not equal to video games. Did you know people, including children, can do other things on a phone as well? Some of it actually being educational such as those programs I encourage my daughters to complete? What about creative outlets like cartoon-making, film-making, writing, etc. The list goes on and on. Video games…give me a break, man!
January 4, 2019 at 10:21 am
Rosenblatt says:
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Sure Craig – I’ll blame AC & 60 minutes too. But you repeated it here, so you implied that you agree with them. And since you posted it here and not AC, I can only respond to you.
January 2, 2019 at 5:10 pm
Agent says:
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5
6
Good summary Craig, but you forgot big Tech’s suppression of Conservative 1st Amendment rights. They do it all the time. Facebook had to finally issue an apology to Franklin Graham for cancelling his Facebook privileges. I think the apology was totally insincere. They are all agenda driven and have failed the public.
We heard this 20 years ago when the talk was about banks entering insurance. Citibank and Travelers famously united, then promptly split up.
To be sure, tech companies are transforming insurance operations by providing vast amounts of data in real time, plus unprecedented capabilities for analyzing it for risk prediction purposes.
Yet it seems that market leaders in the ultra fast-paced, high-risk, high-reward world of technology innovation–trailblazers who want to SELL to insurance organizations–have little appetite for actually joining the highly-regulated and deliberative business of assuming someone else’s risk.
My Travelers rep was so thankful that they got out from under Citibank so they could resume operations as a real insurance carrier. By the way, look at what has happened to wonderful Wells Fargo. They may end up going belly up over their transgressions and the massive failure from the top.
I think your missing how much the world has changed and how far insurance carriers are behind the technology curve.
Rates are slightly rising in P&C, but really most think we are in a prolonged soft period. Simple math tells you that if prices stay downish and claim dollars don’t reduce the way to turn a profit is by reducing operations and underwriting expense. Which happens to be where most insurance companies struggle the most with their systems. Companies like Amazon, Google, Uber, etc would laugh at rating/issuing/billing systems used by our industry. Not to mention it has been proven in commercial auto that automated underwriting is the way to make money in a challenging market, so that will only accelerate to other lines.
I think it will be more like Sears starting Allstate which worked out fine for a long time. Bottom line is the industry will changed dramatically in the next 5-10 years. There is just no way it can’t.
Those who embrace innovation in our industry will be the survivors. Anyone who resists and thinks we should just keep doing business as usual will end up like Sears and Blockbuster.
Captain Planet, I am not trying to Ad Hom here, but it seems like you are the resident apologist for big tech. In fact, you are one of the folks that repeatedly defended Lemonade and their completely tone-deaf attempt to “revolutionize insurance” (they have not made any single meaningful contribution technological or otherwise). It seems like you excel in spouting off platitudes and generalities without actually contributing anything meaningful. In fact, you are also one of these brain-dead posters that constantly posts on climate change, identity politics etc. and you are constantly bashing conservatives. Tell me, do you work for an insuretech company? I read a lot of your posts and the vast majority of your posts seem to be toxic, political or polemic in nature.
saying “I am not trying to Ad Hom here” and then writing “you are also one of these brain-dead posters” is like saying “I’m not trying to be racist” and then saying something super racist
You need to look up what an ad hominem is… Calling someone a name is not necessarily committing an ad hominem fallacy. Implying that someone’s argument is wrong because they are **insert personal attack** is the textbook definition of an ad hominem. Nice try though… I was simply pointing out that most of Captain Planet’s posts are toxic and political in nature. Which they are by the way.
attacking someone’s character instead of their argument is an ad hominem attack. you don’t have to link your disagreement with their point as a result of their character
—
Ad hominem (Latin for “to the person”[1]), short for argumentum ad hominem, is a fallacious argumentative strategy whereby
**genuine discussion of the topic at hand is avoided by instead attacking the character, motive, or other attribute of the person making the argument, or persons associated with the argument**
rather than attacking the substance of the argument itself
January 4, 2019 at 1:59 pm
Captain Planet says:
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4
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I don’t believe I have ever posted anything about Lemonade. I have no affinity towards them. Me thinks you are just trying to troll. Nice try. If you want toxic, political, or polemic, please see Craig, Yogi, Agent, and Jack. I simply hold them in check when they misinform or straight out lie. And, I back mine up with sources – imagine that! So, check out their commentary and then, get back to me. Have a good weekend – 50’s and sunny tomorrow here in Iowa so I am going to tee it up!
Captain Planet, almost every post you make on here is political in nature. It seems I may have confused you with another individual on here that also makes arbitrarily irrelevant political comments. Much like the obligatory down voters who troll the boards for conservative opinions. I am not trolling–if I was trolling I would not have used my normal handle.
Augustine,
Someone else whose name sounds like gagent made it political back when President Obama was in office. It changed the game for many of us out here and everyone followed suit. I extended the olive branch countless times just to have it shoved back into my face. Place blame for the partisanship out here where it is due, with Yogi and Agent. I’m just holding their misinformation accountable. Someone has to keep all the lying in check. Just because the current administration is built on it doesn’t mean all his constituents should, too.
January 7, 2019 at 8:50 am
Augustine says:
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3
0
Hi Captain Planet, I get it… I really do… I have avoided posting on here for some time because these boards are now constantly trolled by people so they can post mean spirited jabs at others… I don’t mind political dialogue, but on these boards it has devolved into talking past each other and just flinging insults and maxims.
January 11, 2019 at 11:59 am
Agent says:
Like or Dislike:
1
1
Augustine, Planet joined the resistance in 2016 and has been non stop insulting ever since. He is a very unhappy guy now that the swamp is being drained.
Big Tech is responsible for much of the trouble we have in America now. They should keep their grubby hands off of insurance.
There is no need to worry, while they have the right to get into insurance, however they are not doing a good job at it. In addition, they the consumer are not jumping aboard nor is it cheap to win them over. If big tech is the insurance agents competition, that is something to be happy about and even invite it as it’s not working!
When the claim hits, and the insured is left dealing with a phone person, the benefits of using a real live agent will win the day.
what, specifically? Please list a few, I’m genuinely curious as to some of the problems Big Tech has caused in this country.
Privacy issues, for one. A massive and growing problem recognized by European authorities but completely ignored by our Congress.
Also, the recent research indicating that exposure to video games and the internet can literally damage the brains of children, as reported on 60 Minutes 2 weeks ago.
How about the spread of pornography, including child pornography? No problem for you? Or the facilitation of criminal transactions using the dark web?
Not to mention the growing body of evidence that the more time spent on the internet, the more likely you can experience depression. The massive disconnection going on in society generally is being accelerated by technology, leading to further alienation and division.
But otherwise, Big Tech has created no problems at all.
I was actually asking Agent for his opinion, though you’ve made some valid points.
Curious–how much time do YOU spend on the internet? You post here more than anyone else and seem to thrive on the negativity and tearing others down.
Actually, if you notice, with rare exception I only chime in on two topics: climate change stories that push the Boogie Man fear without balance and stories about pot.
P.S. I left out the other damaging thing about Big Tech: helping to hollow out the American and European middle class. Amazon actively solicits Chinese manufacturers to replicate successful American-made retail products. (Seems worse than the oil companies in my book.)
Your arguments speaking to a lack of privacy, increased depression and illegal actions on the dark web are well stated, but I’m just going to have to go ahead and call shenanigans that video games are literally damaging the brains of children.
Blame Anderson Cooper and 60 Minutes. They said that screen time with phones is damaging the brains of children, not me.
Others agree with them. They are called “scientists”.
Ah, there you go redirecting again, Craig. Screen time is not equal to video games. Did you know people, including children, can do other things on a phone as well? Some of it actually being educational such as those programs I encourage my daughters to complete? What about creative outlets like cartoon-making, film-making, writing, etc. The list goes on and on. Video games…give me a break, man!
Sure Craig – I’ll blame AC & 60 minutes too. But you repeated it here, so you implied that you agree with them. And since you posted it here and not AC, I can only respond to you.
Good summary Craig, but you forgot big Tech’s suppression of Conservative 1st Amendment rights. They do it all the time. Facebook had to finally issue an apology to Franklin Graham for cancelling his Facebook privileges. I think the apology was totally insincere. They are all agenda driven and have failed the public.
We heard this 20 years ago when the talk was about banks entering insurance. Citibank and Travelers famously united, then promptly split up.
To be sure, tech companies are transforming insurance operations by providing vast amounts of data in real time, plus unprecedented capabilities for analyzing it for risk prediction purposes.
Yet it seems that market leaders in the ultra fast-paced, high-risk, high-reward world of technology innovation–trailblazers who want to SELL to insurance organizations–have little appetite for actually joining the highly-regulated and deliberative business of assuming someone else’s risk.
That’s fine. To each their own. Ask Citibank.
My Travelers rep was so thankful that they got out from under Citibank so they could resume operations as a real insurance carrier. By the way, look at what has happened to wonderful Wells Fargo. They may end up going belly up over their transgressions and the massive failure from the top.
I think your missing how much the world has changed and how far insurance carriers are behind the technology curve.
Rates are slightly rising in P&C, but really most think we are in a prolonged soft period. Simple math tells you that if prices stay downish and claim dollars don’t reduce the way to turn a profit is by reducing operations and underwriting expense. Which happens to be where most insurance companies struggle the most with their systems. Companies like Amazon, Google, Uber, etc would laugh at rating/issuing/billing systems used by our industry. Not to mention it has been proven in commercial auto that automated underwriting is the way to make money in a challenging market, so that will only accelerate to other lines.
I think it will be more like Sears starting Allstate which worked out fine for a long time. Bottom line is the industry will changed dramatically in the next 5-10 years. There is just no way it can’t.
Go ahead and flirt all you want Big Tech, we still aren’t going to sleep with you…yet.
Those who embrace innovation in our industry will be the survivors. Anyone who resists and thinks we should just keep doing business as usual will end up like Sears and Blockbuster.
Thank you, Captain Obvious.
Captain Planet, I am not trying to Ad Hom here, but it seems like you are the resident apologist for big tech. In fact, you are one of the folks that repeatedly defended Lemonade and their completely tone-deaf attempt to “revolutionize insurance” (they have not made any single meaningful contribution technological or otherwise). It seems like you excel in spouting off platitudes and generalities without actually contributing anything meaningful. In fact, you are also one of these brain-dead posters that constantly posts on climate change, identity politics etc. and you are constantly bashing conservatives. Tell me, do you work for an insuretech company? I read a lot of your posts and the vast majority of your posts seem to be toxic, political or polemic in nature.
saying “I am not trying to Ad Hom here” and then writing “you are also one of these brain-dead posters” is like saying “I’m not trying to be racist” and then saying something super racist
You need to look up what an ad hominem is… Calling someone a name is not necessarily committing an ad hominem fallacy. Implying that someone’s argument is wrong because they are **insert personal attack** is the textbook definition of an ad hominem. Nice try though… I was simply pointing out that most of Captain Planet’s posts are toxic and political in nature. Which they are by the way.
attacking someone’s character instead of their argument is an ad hominem attack. you don’t have to link your disagreement with their point as a result of their character
—
Ad hominem (Latin for “to the person”[1]), short for argumentum ad hominem, is a fallacious argumentative strategy whereby
**genuine discussion of the topic at hand is avoided by instead attacking the character, motive, or other attribute of the person making the argument, or persons associated with the argument**
rather than attacking the substance of the argument itself
I don’t believe I have ever posted anything about Lemonade. I have no affinity towards them. Me thinks you are just trying to troll. Nice try. If you want toxic, political, or polemic, please see Craig, Yogi, Agent, and Jack. I simply hold them in check when they misinform or straight out lie. And, I back mine up with sources – imagine that! So, check out their commentary and then, get back to me. Have a good weekend – 50’s and sunny tomorrow here in Iowa so I am going to tee it up!
Captain Planet, almost every post you make on here is political in nature. It seems I may have confused you with another individual on here that also makes arbitrarily irrelevant political comments. Much like the obligatory down voters who troll the boards for conservative opinions. I am not trolling–if I was trolling I would not have used my normal handle.
Augustine,
Someone else whose name sounds like gagent made it political back when President Obama was in office. It changed the game for many of us out here and everyone followed suit. I extended the olive branch countless times just to have it shoved back into my face. Place blame for the partisanship out here where it is due, with Yogi and Agent. I’m just holding their misinformation accountable. Someone has to keep all the lying in check. Just because the current administration is built on it doesn’t mean all his constituents should, too.
Hi Captain Planet, I get it… I really do… I have avoided posting on here for some time because these boards are now constantly trolled by people so they can post mean spirited jabs at others… I don’t mind political dialogue, but on these boards it has devolved into talking past each other and just flinging insults and maxims.
Augustine, Planet joined the resistance in 2016 and has been non stop insulting ever since. He is a very unhappy guy now that the swamp is being drained.