Morning Briefing: Insurer announced expansion creating 600 new jobs

Morning Briefing: Insurer announced expansion creating 600 new jobs

Morning Briefing: Insurer announced expansion creating 600 new jobs Insurer announced expansion creating 600 new jobs
The government employees-focused insurance business of Berkshire Hathaway is expanding its regional operations office in Western New York and is creating hundreds of new jobs.

GEICO’s existing office in the region will be get a makeover and the insurer will have an additional facility in Getzville.

The new jobs, which could be as many as 600, will be over the coming 6 years and will be in sales, customer service and claims.

"GEICO is immensely delighted to bring new career opportunities to the Greater Buffalo area," said chairman and CEO Tony Nicely. "We consider our associates to be one of our greatest assets. That's why it's important for us to continue to seek out and add highly talented individuals to our GEICO family."
AIG helps Canada’s luxury home builders mitigate risk
AIG Insurance Company of Canada has launched a new product aimed at mitigating risk in construction projects with budgets of at least $5 million.

Smart Build is a first-of-its-kind insurance available to clients of AIG’s Private Clients Group with a new residential construction or significant home renovation project.

The approach is preventative with AIG’s team being involved from early stages of the construction project with the aim of mitigating risk such as fire, natural hazards, water damage and potential threats to fine arts.
“Many homeowners who are building or reconstructing a home do not bring in their insurance company until after the project is complete, and unfortunately, we have seen that things often do go wrong,” said Autumn Kerr, Manager of Risk Management Services for AIG Private Client Group. “Smart Build allows AIG to work with the policyholders, their contractors, architects, and other building professionals in order to collaborate, make recommendations, and mitigate risks right from the projects inception.”
App offers on-demand drone insurance
With the rapid rise in the use of drones, a firm called Verifly Insurance Services has launched what it says is the first on-demand drone insurance app.

The app, available for Apple and Android devices, offers $1 million of liability coverage for recreational and commercial drone flights from around $10 an hour across more than 40 US states. Its coverage is available with instant approval.

The firm is registered in New York and is regulated by New York State Department of Financial Services.