artificial intelligence News

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 …

Company’s Aerial Photos, Data Helps Farmers Manage Fields

INDIANAPOLIS (AP) — Indianapolis-based IntelinAir Inc. sees a big business opportunity in the use of artificial intelligence and machine learning to help farmers keep tabs on their fields. The company, which was founded in 2015 in the Los Angeles area, …

Money, Mimicry and Mind Control: Big Tech Slams Ethics Brakes on AI

SAN FRANCISCO — In September last year, Google’s cloud unit looked into using artificial intelligence to help a financial firm decide whom to lend money to. It turned down the client’s idea after weeks of internal discussions, deeming the project …

Claims People: Snapsheet, Clara Analytics, Renfroe

Snapsheet Promotes Cohen to President Snapsheet, a Chicago-based provider of claims management software, promoted Andy Cohen to president. Cohen will remain chief operating officer at Snapsheet. In his expanded role as president/COO, he will lead “go-to-market activities” across the suite …

Lemonade’s Tweet About AI-Driven Fraud Detection Sparks Public Relations Crisis

Lemonade, a five-year-old insurer that went public last year, generated an online uproar with a Twitter post that boasted about its AI-based fraud-detection skills, forcing the carrier to walk back its comments. Lemonade on Wednesday deleted a tweet that said …

California County Hopes Artificial Intelligence Can Mitigate Wildfire Risk

At this time of year, periodic rain showers on the north coast of California give way to months of daily sunshine and a wildfire risk that grows in severity until the next fall rains arrive. In Sonoma County, a new …

Viewpoint: The Future of Commercial Insurance Is Connected Insight

Artificial intelligence adoption across the insurance industry is taking off. In its report, “The Dawn of the Age of AI in Insurance,” Genpact noted that insurers recognize the value and potential of AI, “with 87% of carriers investing more than …

Alphabet’s Waymo Says Its Tech Would Avoid Fatal Human Crashes

The autonomous-car artificial intelligence from Alphabet Inc.’s Waymo avoided or mitigated crashes in most of a set of virtually recreated fatal accidents, according to a white paper the company published Monday. The simulations were based on 72 fatal crashes that …

Hippo to Go Public in $5B Merger With Mark Pincus, Reid Hoffman-Backed SPAC

Hippo Enterprises will go public through a $5 billion merger with a blank-check firm backed by Silicon Valley heavyweights Reid Hoffman and Mark Pincus, in a sign of rising interest in the fast-growing “insurtech” sector. The deal, announced on Thursday, …

AI Is Becoming a New Weapon in the Battle Against Crop Pests

Artificial intelligence already is making strides in the development of new drugs, and now the pesticide industry wants in on the action. Switzerland’s Syngenta AG has teamed up with Insilico Medicine to use its deep-learning tools to produce sustainable weedkillers. …