- In today’s CEO Daily: Diane Brady interviews State Farm CEO Jon Farney on the tough economics of insurance.
- The big leadership story: What Cerebras’ mega debut means for more AI listings
- The markets: In the red as investors track developments out of Beijing.
- Plus: All the news and watercooler chat from Fortune.
Good morning. State Farm CEO Jon Farney is trying to transform the future of the country’s largest auto and home insurer while dealing with the realities of today. The 104-year-old mutual insurer just launched its “Next Gen Good Neighbor” vision, powered by AI, with the aim to make it easier for customers to file claims. State Farm has had a banner year on some fronts. At the same time, it’s facing legal action from California regulators over charges that it mishandled claims from the L.A. wildfires last year. Farney says climate change and regulatory challenges have made the state a tough place to operate. I spoke with Farney about leading change in this environment.
