artificial intelligence News

Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting

A poll to understand American consumers’ attitudes toward artificial intelligence in the property/casualty insurance sector shows the strongest support for AI’s use in fraud detection, delivering personalized products and promotions and AI in customer service. According to a poll conducted …

Viewpoint: How Generative AI Enables a Brighter Claims Future in 2024 and Beyond

As generative AI transitions from an emerging innovation to a tried-and-true tool, this multi-use technology has given way to key use cases for the risk and insurance space. According to a recent study, by the end of 2023, half of …

US, Britain Announce Formal Partnership on Artificial Intelligence Safety

The United States and Britain announced a new partnership on the science of artificial intelligence safety, amid growing concerns about upcoming next-generation versions. Commerce Secretary Gina Raimondo and British Technology Secretary Michelle Donelan signed a memorandum of understanding in Washington …

Survey Shows One-Third of Americans Think AI is a Good Idea for Insurers

Roughly one-third of Americans think it is a good idea for insurance companies to use AI, a new survey shows. The survey was conducted online in January with more than 1,000 adult participants across the U.S. Respondents were asked eight …

Government Commissioned Report: AI is Creating New Categories of Weapons of Mass Destruction

A U.S. State Department-commissioned report asserts that advanced artificial intelligence is creating entirely new categories of weapons of mass destruction-like (WMD-like) and WMD-enabling catastrophic. The risks associated with these developments are global, have deeply technical origins and are quickly evolving, …

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, …

Claims People: Sedgwick, Berkshire Hathaway Specialty and Philadelphia Insurance

Sedgwick Promotes Tech Leader Sedgwick has appointed Leah Cooper as global chief digital officer, a new position. Cooper will lead Sedgwick’s technology research and development efforts and collaborate across business lines to advance the company’s transformation strategy, the Memphis-based claims …

Allianz D&O Outlook: ESG Claims ‘Here to Stay’ and AI Rapping at the Door

While everyone may be talking about potential risks associated with generative artificial intelligence, a new directors & officers report from Allianz highlights a range of current concerns associated with environmental, social, and governance issues. Agree or not with the premise …

Biden Signs Sweeping Executive Order Regulating Artificial Intelligence

President Joe Biden is directing the US government to take a sweeping approach to artificial intelligence regulation, his most significant action yet to rein in an emerging technology that has sparked both concern and acclaim. The lengthy executive order, released …

Photo Giant Getty Took a Leading AI Image-Maker to Court, but Is Also Embracing the Technology

Anyone looking for a beautiful photograph of a desert landscape can find many choices from Getty Images, the stock photography collection. But say you`re instead looking for a wide angle shot of a “hot pink plastic saguaro cactus with large …