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 …
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, 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 …
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 …
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 …
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 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, …
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. …
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 …
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 …