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Bank of England Says it Is Testing AI Risks to Financial System
Apr 17 2026 // The Bank of England is testing the risks to the financial system caused by AI by conducting scenario analysis and simulations, the central bank said in a letter published by lawmakers on Thursday. The BoE said it disagreed...
AI Use in Cybersecurity Could Show Holes in Short Term, Says Fitch
Apr 16 2026 // U.S. cyber insurers in 2025 reversed a couple of years of decline in direct written premiums to post growth of 11% but, according to Fitch Ratings, there are some underwriting concerns brought on by developments with...
ECB to Quiz Bankers About Risks of Anthropic’s New AI Model, Source Says
Apr 16 2026 // European Central Bank supervisors are set to quiz bankers about the risks that Anthropic’s new artificial intelligence model might supercharge cyberattacks, one source familiar with the situation told Reuters on...
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI
Apr 16 2026 // The world’s largest insurance brokers recently found themselves caught in an “AI scare trade” after news that Tuio home insurance would soon be available via ChatGPT. Shares fell sharply, as investors...
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You
Apr 15 2026 // As people increasingly turn to artificial intelligence for advice, some U.S. lawyers are telling their clients not to treat AI chatbots like trusted confidants when their freedom or legal liability is on the line. These...
AI Disintermediation
Apr 13 2026 // On Feb. 9 public insurance broker stocks fell by 9% on the news that two digital companies had launched chat-bot assistants using ChatGPT’s tools. While the valuation of those brokers’ stocks have largely...
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