Allstate Corp., the largest publicly traded U.S. car and home insurer, elected former Fidelity Investments money manager Jacques Perold to its board.

Switzerlands biggest insurer said it is looking for an entrepreneurial outsider with deep experience in the industry to replace Martin Senn, who stepped down Tuesday after six years as CEO.

People want convenience, and if buying insurance isn't easy to do, they'll walk away.

Take it from todays young hipsters: Retail, construction and manufacturing are way not cool. And the same goes for insurance.