artificial intelligence News

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. …

Claims Business: Tractable, Charles Taylor and Chubb

Tractable Inks Deals with The Hartford, Mitchell Tractable, a London-based insurtech that uses artificial intelligence to create damage estimates from photographs, has expanded its presence in the US property and casualty market with two deals announced this week. Tractable has …

Claims Business: CCC and PDP Group, Zesty.ai, PLNAR

CCC Integrates with PDP Group CCC Information Services Inc. has signed an agreement with Amynta’s PDP Group to digitally connect lenders on the PDP platform to insurers as part of the CCC Total Loss Care workflow. The single sign-on integration …

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 …

Viewpoint: Using AI to Identify Work Comp Fraud Related to COVID-19

As employees return to work after the COVID-19 crisis has subsided, insurers and employers will likely experience a surge in claims related to the virus. Analysts expect coverages for workers compensation, employer liability, and business interruption to be especially hard …

Claims Startup Betterview Attracts $7.5M in Financing Round From Guidewire, Others

Startup Betterview raised $7.5 million in new funding to fuel expansion of its artificial intelligence technology that helps property/casualty insurance carriers spot and manage property risk. ManchesterStory led the round, which brings the insurtech’s total venture capital tally to $17 …

Share of Auto Claims Using Photo Estimates Doubles During the Pandemic

Social distancing has been a boon for the use of photo estimates after auto collisions. CCC Information Services said that the share of claims processed through its Quick Estimate product increased 125 percent from January to April. “Based on our …

Companies Bet On AI Cameras to Track Social Distancing, Limit Liability

Stores and workplaces eager to avoid spreading the novel coronavirus are equipping existing security cameras with artificial intelligence software that can track compliance with health guidelines including social distancing and mask-wearing. Several companies told Reuters the software will be crucial …

Viewpoint: Why Physician Scoring Is a Win for Insurers, Employers, Workers – and Physicians

We live in a society ruled by rankings. Websites are devoted to them; YouTube careers have been built based upon them. Which players we select for fantasy teams, where our kids go to college, who can be trusted for a …

Business News: Hippo and SimpliSafe, Infinilytics, Mitchell and Honk

Hippo Teams with SimpliSafe Hippo Insurance has teamed up with SimpliSafe to give homeowners access to home security systems. Hippo, a managing general agent launched in Palo Alto, Calif. in 2015, was an early adopter of smart-phone technology to connect …