Latest Data Driven Headlines
All the headlines from our Data Driven Topic Page, ordered by recency.
India Insurer Star Health Sues Telegram After Hacker Uses App’s Chatbots to Leak Data
Sep 26 2024 // Top Indian insurer Star Health has sued Telegram and a self-styled hacker after Reuters reported that the hacker was using chatbots on the messaging app to leak personal data and medical reports of policyholders. The...
Insurance CEOs Talk Gen AI, Growth, Workforce Strategies
Sep 25 2024 // A much higher percentage of insurance chief executives say that generative AI is a top investment priority for their firms than peers in other industries, according to a survey report published by professional services...
Revolutionizing Insurance Operations: How SelectsysTech’s Integrated Solutions Enhance Underwriting, Quoting, and Data Management
Sep 23 2024 // This post is part of a series sponsored by Selectsys. In the fast-paced world of insurance, efficiency and accuracy are paramount. For MGAs, wholesalers, and carriers, managing the complexities of underwriting, quoting,...
7 in 10 Actuaries and Underwriters Worry About Being Replaced by AI
Sep 20 2024 // With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five years, it’s not surprising that nearly 7 in 10 actuaries and underwriters are worried about being...
Ex-Google Executive’s Startup to Use AI to Forecast the Weather
Sep 19 2024 // A startup founded by a former Google executive aims to use artificial intelligence to improve weather forecasting, joining technology behemoths like Nvidia Corp. and Huawei Technologies Co. in an increasingly crowded...
Industry Critiques Trump’s Auto Insurance Rate Data, Promise to Cut Premiums
Sep 19 2024 // A comment and promise made by former President Donald Trump on Tuesday received a lot of not-so-positive attention from the insurance industry. “Your Automobile Insurance is up 73% — VOTE FOR TRUMP, I’LL CUT...
Viewpoint: How Insurance Industry Can Use AI Safely and Ethically
Sep 18 2024 // Executive Summary: Artificial intelligence (AI) is on the brink of transforming most aspects of business, including insurance, but it needs to be used responsibly, according to Zywave Chief Technology Officer Doug Marquis,...
Leveraging AI in Insurance: How SelectsysTech’s AI OCR Bridge Transforms Data Extraction
Sep 18 2024 // This post is part of a series sponsored by Selectsys. Introduction In today’s data-driven world, the ability to quickly and accurately extract information from documents is crucial for the insurance industry. Manual...
As Storm Bebinca Approaches, Taiwan Uses AI to Predict Typhoon Paths
Sep 13 2024 // As tropical storm Bebinca barrels towards waters off northern Taiwan gathering strength into a possible typhoon, weather forecasters in Taipei are using a new and so far successful method to help track its path –...
OpenAI, Nvidia Executives Discuss AI Infrastructure Needs With Biden Officials
Sep 13 2024 // OpenAI Chief Executive Officer Sam Altman and Nvidia Corp. CEO Jensen Huang met with senior Biden administration officials and other industry leaders at the White House on Thursday to discuss how to fill the massive...
Commerce Department Looks to Require Reporting for AI, Cloud Providers
Sep 9 2024 // The U.S. Commerce Department said Monday it is proposing to require detailed reporting requirements for advanced artificial intelligence developers and cloud computing providers to ensure the technologies are safe and can...
Harnessing AI OCR Technology for Efficient Data Extraction
Sep 5 2024 // This post is part of a series sponsored by Selectsys. In today’s digital age, data is the lifeblood of the insurance industry. Accurate and efficient data extraction is crucial for streamlining operations, reducing...
Clearview AI Fined by Dutch Agency for Facial Recognition Database
Sep 5 2024 // U.S. facial recognition company Clearview AI has been fined 30.5 million euros ($33.7 million) for building what Dutch data protection watchdog DPA said on Tuesday was an illegal database. DPA also issued an additional...
California Lawmakers Approve Legislation to Ban Deepfakes, Regulate AI
Sep 4 2024 // California lawmakers approved a host of proposals aiming to regulate the artificial intelligence industry, combat deepfakes and protect workers from exploitation by the rapidly evolving technology. The California...
California Advances Landmark Legislation to Regulate Large AI Models
Aug 30 2024 // Efforts in California to establish first-in-the-nation safety measures for the largest artificial intelligence systems cleared an important vote this week that could pave the way for U.S. regulations on the technology...
Texas Lawmakers Consider Regulations to Address Risks of Artificial Intelligence
Aug 28 2024 // A group of state lawmakers began wading through the complex world of artificial intelligence Tuesday, providing an early glimpse at how Texas may seek to regulate the booming technology. During a nearly four-hour hearing,...
Louisiana Insurers Required to Submit Hurricane Season Data by Aug. 30 Deadline
Aug 26 2024 // Insurers in Louisiana have until Friday, Aug. 30 to compete a data call relating to property and casualty homeowners’ insurance policies and commercial lines property policies during the 2024 hurricane...
Authors’ Class Action Targets AI Company Anthropic for Copyright Infringement
Aug 23 2024 // Artificial intelligence company Anthropic has been hit with a class-action lawsuit in California federal court by three authors who say it misused their books and hundreds of thousands of others to train its AI-powered...
Big Tech Wants AI to Be Regulated. Why Do They Oppose a California AI Bill?
Aug 22 2024 // California legislators are set to vote on a bill as soon as this week that would broadly regulate how artificial intelligence is developed and deployed in California even as a number of tech giants have voiced broad...
Michigan DIFS Bulletin Issues Guidance on AI Use in Insurance Industry
Aug 19 2024 // The Michigan Department of Insurance and Financial Services (DIFS) released a bulletin this month addressing the growing use of artificial intelligence in the insurance industry. The bulletin clarifies DIFS’...
