Connecticut Weighs Wide-Ranging Bill to Regulate AI. But Its Fate Is Uncertain. May 1, 2024 By Susan Haigh The Connecticut Senate recently pressed ahead with one of the first major legislative proposals in the U.S. to rein in...
CEO Viewpoint: Unlocking the Potential of Generative AI in Insurance April 24, 2024 By Arun Balakrishnan Generative artificial intelligence (AI) has sparked a lot of interest from insurers and reinsurers because of its potential to revolutionize...
Mayor Says New York City Will ‘Iron Out Kinks’ in Errant Chatbot April 12, 2024 By JAKE OFFENHARTZ An artificial intelligence-powered chatbot created by New York City to help small business owners is under criticism for dispensing bizarre...
US Cyber Agency Warns of Compromise at Sisense Data Firm April 11, 2024 By Katrina Manson The US lead agency for federal cybersecurity is warning that Sisense Inc., a data analytics company, has suffered a compromise...
Pennsylvania Issues Its ‘Expectations’ for Insurance Carriers Regarding Their Use of AI April 10, 2024 By Andrew G. Simpson Pennsylvania has issued guidance for insurance companies’ use of artificial intelligence systems (AIS) based on a model adopted by the...
US, Britain Announce Partnership on Artificial Intelligence Safety, Testing April 2, 2024 By David Shepardson The United States and Britain on Monday announced a new partnership on the science of artificial intelligence safety, amid growing...
Viewpoint: AI Is Changing the Cyber Risk Landscape April 1, 2024 By Mark Millard Innovation is at the heart of the human experience, with a constant stream of new ideas and inventions changing the...
UK Stands to Lose 8 Million Jobs From AI, Analysis Warns March 27, 2024 By Irina Anghel As many as 8 million UK workers are at risk of losing their jobs to artificial intelligence with current government...
SEC Charges 2 Investment Firms, Doles Out $400,000 in Fines, for ‘AI Washing’ March 21, 2024 By Chad Hemenway The U.S. Securities and Exchange Commission this week said it settled charges against two investment advisers related to “AI washing.”...
Underwriters’ Dilemma: Is AI a Cyber or Tech E&O Risk? March 19, 2024 By Elizabeth Blosfield When it comes to artificial intelligence, more questions than answers keep underwriters from venturing into the space and lead to...