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Italy’s Data Watchdog Fines AI Company Replika’s Developer $5.6 Million
May 20 2025 // Italy’s data protection agency has fined the developer of artificial intelligence (AI) chatbot company Replika 5 million euros ($5.64 million) for breaching rules designed to protect users’ personal data, the...
As Execs Eye AI for Fraud Detection, Deloitte Predicts Billions in Savings
May 14 2025 // With a growing share of insurance executives viewing generative artificial intelligence as a tool for streamlining and improving functions like fraud detection, Deloitte predicts that AI technologies could save the...
State AI Regulation Ban Tucked Into Republican Tax, Fiscal Bill
May 14 2025 // A powerful House committee has tucked language preventing states from regulating artificial intelligence into President Donald Trump’s massive tax and spending bill, a move that would benefit many of the US’s...
Former XL CEO McGavick Returns to Insurance With AI Firm Mea Platform
May 13 2025 // Mike McGavick is returning to the insurance world as a strategic advisor and board chairman of Mea Platform, an artificial intelligence firm focusing on transactions and operations for carriers, managing general agents,...
Britain to Face More Cyberattacks as AI Adoption Grows, Minister Says
May 7 2025 // The growth of AI will increase the number and sophistication of cyberattacks on Britain, senior minister Pat McFadden said on Wednesday. British companies, public bodies and institutions have been hit by a wave of...
Markets/Coverages: Chaucer Launches Standalone TPL Cover for AI Underperformance
May 7 2025 // Chaucer Group, the specialty re/insurer, announced the launch of a standalone third-party liability (TPL) insurance product in collaboration with Armilla AI, the Toronto-based managing general agent that provides...
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