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Insurtech Cake Completes $1.3M in Pre-Seed Funding

Feb 20 2024 // Cake, an insurtech based in Indianapolis, has announced the completion of a $1.3 million pre-seed funding round led by venture capital company Markd. Additional sponsors included 2ndF, Iridium Bloom LLC, 101 Weston Labs,...

It’s Time for the Commercial Property Insurance Industry to Adopt Tech Efficiencies

Feb 19 2024 // Buyers of commercial property insurance are facing many challenges. Rates are rising, capacity is becoming scarce (particularly in catastrophe exposed zones), and large programs, often involving dozens of insurers, are...

Despite Deepfake and Bias Risks, AI Is Still Useful in Finance, Firms Told

Feb 15 2024 // A bank uses biased artificial intelligence outputs in a mortgage lending decision. An insurance firm’s AI produces racially homogeneous advertising images. Users of an AI system complain about a bad experience. These...

Microsoft Says it Caught Hackers From China, Russia and Iran Using its AI Tools

Feb 15 2024 // State-backed hackers from Russia, China, and Iran have been using tools from Microsoft-backed OpenAI to hone their skills and trick their targets, according to a report published on Wednesday. Microsoft said in its report...

Nearly 75% of Employers Don’t Have AI Protocols for Internal Communications: Study

Feb 13 2024 // Despite organizations’ increased adoption of artificial intelligence (AI), 71% don’t provide internal guidance on when, where or how to use the technology, according to Gallagher’s 2023/24 State of the...

EU Lawmakers Ratify Provisional Deal on Artificial Intelligence Rules

Feb 13 2024 // Two key groups of lawmakers at the European Parliament on Tuesday ratified a provisional agreement on landmark artificial intelligence rules ahead of a vote by the legislative assembly in April that will pave the way for...

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