Latest Data Driven Headlines
All the headlines from our Data Driven Topic Page, ordered by recency.
Music Labels Sue AI Companies Suno, Udio for Copyright Infringement
Jun 25 2024 // Major record labels Sony Music, Universal Music Group and Warner Records sued artificial intelligence companies Suno and Udio on Monday, accusing them of committing mass copyright infringement by using the labels’...
AI Chatbots, Gen AI Set to Revolutionize Insurance Claims Processing: Survey
Jun 20 2024 // A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes, underwriting and customer fulfilment, according to a survey conducted by Gallagher...
Thanks to AI, Industry Will Soon See Big Jump in Parametric Insurance, Consultant Says
Jun 18 2024 // Insurance agents must now embrace the use of artificial intelligence, but they won’t be replaced by it. And the use of parametric policies will soon increase sharply across property insurance lines because that...
Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry
Jun 17 2024 // The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh based on future risk, with healthcare replacing IT as the most exposed sector in the next 10 years. The...
SEC Charges AI-Based Startup With ‘Old School Fraud Using New School Buzzwords’
Jun 14 2024 // The Securities and Exchange Commission (SEC) this week charged Ilit Raz, CEO and founder of the failed artificial intelligence recruitment startup Joonko, with defrauding investors of at least $21 million. According to the...
Survey: US Business Owners Seek More Insurance Coverage as AI, Election Risks Loom
Jun 13 2024 // Artificial intelligence and U.S. election have emerged as significant risks to businesses this year with an overwhelming 80% of owners worried their insurance will not cover a specific loss, a survey by insurance brokerage...
Viewpoint: Why Insurers Should Have Confidence in Machine Learning Capability
Jun 12 2024 // Executive Summary: While insurance leaders plan to use machine learning capability in their pricing and underwriting processes, only a small proportion actually have embraced the technology. They need to take the next step...
Growing Reliance on Big Tech for AI Carries New Risks, Banks Say
Jun 7 2024 // The boom in artificial intelligence will increase banks’ dependence on big U.S. tech firms, creating new risks for the industry, European banking executives said. Excitement around using artificial intelligence (AI)...
Tech Update: USI’s Tech-Enabled Risk Control Platform; Baldwin Group Starts API-Connected Cyber Placements; AI-Based Workers Comp Fraud Detection at CLARA
Jun 6 2024 // USI Insurance Services (USI) announced the launch of PATH (patent pending), a proprietary technology-enabled risk control platform for clients. The new platform leverages industry-specific benchmark data to generate...
Exploring AI: Fascination with AI, Not Fear Will Drive Success for Independent Agents
Jun 3 2024 // I remember watching Michael Crighton’s “Westworld” in 1973. Two vivid impressions from that experience remain. The first was my date breaking my glasses when she screamed and threw her arms open during a...
Nationwide’s Kandhari Talks Building a Bionic Workforce With AI
May 31 2024 // Nationwide’s Chetan Kandhari said the company is working to build a bionic workforce. Maybe that brings to mind robots, futuristic technology and sci-fi imagery, but Kandhari said no one should fear robots replacing...
How AI Can Reshape Claims Management
May 30 2024 // How can artificial intelligence change property and casualty insurance claim processing? Two industry experts answered that question from a few angles during Carrier Management’s annual InsurTech Summit. Frank...
Is Trampoline Job Landscape Work? AI Says Yes. 11th Circuit Says It’s Not Covered
May 30 2024 // Is the installation of an in-ground trampoline considered landscaping work, covered by a landscaper’s liability insurance policy? Artificial intelligence programs suggest that it is. But human judges with the 11th...
Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry
May 29 2024 // The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh based on future risk, with health care replacing IT as the most exposed sector in the next 10 years. The...
US Intelligence Agencies’ Embrace of Generative AI Is Wary and Urgent
May 28 2024 // Long before generative AI’s boom, a Silicon Valley firm contracted to collect and analyze non-classified data on illicit Chinese fentanyl trafficking made a compelling case for its embrace by U.S. intelligence...
Gallagher Updates Regulation for Artificial Intelligence
May 22 2024 // Gallagher’s Cyber practice remains laser focused on emerging technology and the potential for increased risks as organizations begin to use them. Throughout 2024, we’re concentrated on evolving compliance...
AI-Intensive Sectors Are Seeing Productivity Surge: PwC
May 21 2024 // The types of business which are most likely to use artificial intelligence are seeing growth in workers’ productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy,...
AI Voiceover Company Stole Voices of Actors, New York Lawsuit Claims
May 20 2024 // Two voice actors sued artificial-intelligence startup Lovo in Manhattan federal court on Thursday, accusing the company of illegally copying their voices and using them without permission in its AI voiceover...
Sony Music Warns Companies to Stop Training AI on Its Artists’ Content
May 17 2024 // Sony Music Group, one of the world’s biggest record labels, warned artificial intelligence companies and music streaming platforms not to use the company’s content without explicit permission. Sony Music, whose...
US Senators Unveil AI Policy Roadmap, Seek Government Funding Boost
May 16 2024 // A bipartisan group of U.S. senators, including Majority Leader Chuck Schumer, called on Wednesday for a big jump in government research funding of artificial intelligence as they debate new legal safeguards. Generative...
