Thanks to AI, Industry Will Soon See Big Jump in Parametric Insurance, Consultant Says June 18, 2024 By William Rabb Insurance agents must now embrace the use of artificial intelligence, but they won’t be replaced by it. And the use...
SEC Charges AI-Based Startup With ‘Old School Fraud Using New School Buzzwords’ June 14, 2024 By Andrew G. Simpson The Securities and Exchange Commission (SEC) this week charged Ilit Raz, CEO and founder of the failed artificial intelligence recruitment...
Survey: US Business Owners Seek More Insurance Coverage as AI, Election Risks Loom June 13, 2024 Artificial intelligence and U.S. election have emerged as significant risks to businesses this year with an overwhelming 80% of owners...
Elon Musk Withdraws Lawsuit Against OpenAI June 12, 2024 By Mike Scarcella Billionaire entrepreneur Elon Musk on Tuesday moved to dismiss his lawsuit accusing ChatGPT maker OpenAI and its CEO Sam Altman...
Viewpoint: Why Insurers Should Have Confidence in Machine Learning Capability June 12, 2024 By Erez Barak Executive Summary: While insurance leaders plan to use machine learning capability in their pricing and underwriting processes, only a small...
Growing Reliance on Big Tech for AI Carries New Risks, Banks Say June 7, 2024 By Elizabeth Howcroft The boom in artificial intelligence will increase banks’ dependence on big U.S. tech firms, creating new risks for the industry,...
US Regulators to Open Antitrust Inquiries of Microsoft, OpenAI and Nvidia June 6, 2024 By Jody Godoy The U.S. Justice Department and the Federal Trade Commission have reached a deal that allows them to proceed with antitrust...
P/C Insurers Slow to Achieve Analytics Ambitions: Survey June 5, 2024 Just under half of property/casualty insurers recently surveyed by WTW say they plan to incorporate artificial intelligence into their analytics...
Nationwide’s Kandhari Talks Building a Bionic Workforce With AI May 31, 2024 By Elizabeth Blosfield Nationwide’s Chetan Kandhari said the company is working to build a bionic workforce. Maybe that brings to mind robots, futuristic...
Survey: Mid-Market Leaders Peg Cyber, Economy and Regulation as Top Concerns May 30, 2024 By Jahna Jacobson Business leaders place cybersecurity, the economy, regulatory challenges and global instability among their top concerns for the coming year, fueled...