AI News

Report: Millennials More Likely to Embrace AI in P/C Insurance than Others

Millennials are much more likely to view AI as a positive development in property/casualty insurance compared to other generations, according to a new report that underscores contrasting perspectives of different generations toward AI technology and its impact on insurance. The …

3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety

Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced by the adoption of electric vehicles, demand for solar energy, and the blistering pace of generative AI adoption. Yet these …

AI Godfather’, Others Urge More Deepfake Regulation in Open Letter

Artificial intelligence experts and industry executives, including one of the technology’s trailblazers Yoshua Bengio, have signed an open letter calling for more regulation around the creation of deepfakes, citing potential risks to society. “Today, deepfakes often involve sexual imagery, fraud, …

Insurance Fraud Fighters Report Big AI Ambitions – But Not So Fast

Nearly one-in-five anti-fraud professionals (18%) counts artificial intelligence (AI) and machine learning (ML) technology among their fraud-fighting tools, while another 32% anticipate implementing these technologies in the next two years, a new report shows. The 2024 Anti-Fraud Technology Benchmarking Report …

Google Announces Free AI Cyber Tools to Bolster Online Security

Alphabet Inc.’s Google announced an initiative to provide artificial intelligence tools and investments to bolster online security, as the emerging technology is increasingly used to both protect against and perpetrate cybercrime. Google will introduce a new open-source resource powered by …

Nation-State Hackers Use AI to Boost Cyber Operations

Nation-state hackers are using artificial intelligence to refine their cyberattacks, according to a report published by Microsoft Corp. on Wednesday. Russian, North Korean, Iranian and Chinese-backed adversaries were detected adding large-language models, like OpenAI’s ChatGPT, to their toolkit, often in …

Report: Top AI Trends for Insurers in 2024 Include Claims, Other Insurance Processes

Insurers are prepared for artificial intelligence to move beyond task automation and machine learning to advanced uses in 2024, a new report examining the industry and how it’s using AI shows. The report from Xceedance, a provider of operations support, …

Startup AiDash Raises $50M for Tech Using AI, Satellites to Spot Wildfire Risk

A California startup using artificial intelligence (AI) and satellites to spot fire and weather risks on power lines, AiDash, reported on Tuesday it had raised $50 million in new funding, reflecting Silicon Valley efforts to create products that help energy …

AI in Claims Operations: Lessons Culled from the Early Innings

While there are many different segments of the commercial insurance industry, they often share a similar story. From my vantage point, the workers’ compensation system was designed to help both injured workers and employers by guaranteeing care and compensation for …

Washington Lawmakers Consider Rules for Delivery Robots

The future, it turns out, makes a quiet whirring sound. With little more fanfare than the soft buzz of its motor, a new kind of vehicle rolled down a concrete ramp in front of onlookers at the Washington state Capitol …