algorithms News

Livestreamed Carnage: Tech’s Hard Lessons from Mass Killings

These days, mass shooters like the one now held in the Buffalo, New York, supermarket attack don’t stop with planning out their brutal attacks. They also create marketing plans while arranging to livestream their massacres on social platforms in hopes …

Viewpoint: Keeping the Human Element in AI Claims Management

Without a doubt, artificial intelligence (AI) is a valuable driver of innovation in today’s insurance industry. Unfortunately, the predominant attitude toward AI in our culture still hangs on a suspicion that people will lose their livelihoods as their jobs are …

Colorado Bill Prohibits Insurer Use of ‘Discriminatory’ Data

DENVER (AP) — Colorado lawmakers are considering a bill that would prohibit insurance companies from using consumer information collected from outside sources such as social media and court and home ownership records, if used in a discriminatory way to determine …

Consumer Watchdog Urges Tougher US Oversight of Insurance Costs, Discrimination

U.S. regulators should strengthen their oversight of insurers to prevent potential overcharging and discrimination in selling coverage for cars and homes, a consumer watchdog group said on Thursday. The campaign by the Consumer Federation of America (CFA) comes after an …

Viewpoint: Solving Commercial Loss Run Pain Points With Cognitive AI

Loss runs are insurance carrier reports that show how many claims have been filed under business insurance policies. Insurance carrier underwriters and brokers require loss runs for every business they insure, and use the prior claims history to help price …

Boom or Bust? Welcome to the Freewheeling World of Crypto Lending

LONDON, Aug 26 — It sounds like a surefire bet. You lend money to a borrower who puts up collateral that exceeds the size of the loan, and then you earn interest of about 20%. What could possibly go wrong? …

Google Turns Android Phones Into Earthquake Sensors; California to Get Alerts

OAKLAND, Calif. — Alphabet Inc’s Google’s Android phones on Tuesday started detecting earthquakes around the world to provide data that could eventually give billions of users precious seconds of warning of a tremor nearby, with an alerting feature first rolling …

‘Algorithmic Autos’ Reduce Energy Consumption and Traffic Delays

Imagine merging into busy traffic without ever looking over your shoulder nor accelerating or braking too hard, irritating the driver in the next lane over. Connected and automated vehicles that communicate to coordinate optimal traffic patterns could enable this pleasant …

Volkswagen Hopes New Software Will Eliminate Car Accidents by 2050

BERLIN — Volkswagen will launch a new software operating system this year that it hopes will make accidents involving its cars a thing of the past by 2050, the company said on Thursday. Next generation cars will be equipped with …

Facebook Isn’t Responsible as Terrorist Platform, Court Says

Facebook Inc. doesn’t have to face a lawsuit by victims of Hamas attacks and their relatives who claimed that the social network unlawfully assisted the terror group, a federal appeals court ruled. In a 66-page ruling issued Wednesday, a divided …