Latest Data Driven Headlines
All the headlines from our Data Driven Topic Page, ordered by recency.
D&O Risks to Consider When Exploring the New Frontier of Gen AI
Apr 15 2024 // Is the world being overtaken by robots? While the answer to that question is clearly “no” – or at least, “not yet” – it seems that the focus of nearly every industry and business media outlet is...
Tech Update: Sayata Risk Engine Flags High-Risk Accounts With AI; Canopy Connect and Hawksoft Launch Integration to Eliminate Data Entry for Agents
Apr 11 2024 // Sayata Unveils AI-Powered Risk Engine That Flags High-Risk Accounts Sayata has launched the Sayata Risk Engine, an AI-powered platform that uses sophisticated AI to flag specific high-risk accounts expected to drive up...
More Data Show All Trends Pointing in Right Direction for Florida Insurers
Apr 10 2024 // Policyholder surplus increased significantly, direct premium written jumped, and combined ratio has fallen for Florida-focused property insurance carriers in 2023, according to a Gallagher Re report released this week. The...
Pennsylvania Issues Its ‘Expectations’ for Insurance Carriers Regarding Their Use of AI
Apr 10 2024 // Pennsylvania has issued guidance for insurance companies’ use of artificial intelligence systems (AIS) based on a model adopted by the National Association of Insurance Commissioners (NAIC). The Pennsylvania...
US, Britain Announce Partnership on Artificial Intelligence Safety, Testing
Apr 2 2024 // The United States and Britain on Monday announced a new partnership on the science of artificial intelligence safety, amid growing concerns about upcoming next-generation versions. Commerce Secretary Gina Raimondo and...
Viewpoint: AI Is Changing the Cyber Risk Landscape
Apr 1 2024 // Innovation is at the heart of the human experience, with a constant stream of new ideas and inventions changing the way we conduct business. But seismic shifts in technology don’t come all at once, or even at a...
Underwriters’ Dilemma: Is AI a Cyber or Tech E&O Risk?
Apr 1 2024 // When it comes to artificial intelligence, more questions than answers keep underwriters from venturing into the space and lead to a lack of clarity, according to panelists at The Professional Liability Underwriting...
UK Stands to Lose 8 Million Jobs From AI, Analysis Warns
Mar 27 2024 // As many as 8 million UK workers are at risk of losing their jobs to artificial intelligence with current government policy, the Institute for Public Policy Research warned. AI already impacts 11% of tasks done by UK staff,...
SEC Charges 2 Investment Firms, Doles Out $400,000 in Fines, for ‘AI Washing’
Mar 21 2024 // The U.S. Securities and Exchange Commission this week said it settled charges against two investment advisers related to “AI washing.” The firms, Delphia Inc. and Global Predictions Inc, will pay a total of...
Underwriters’ Dilemma: Is AI a Cyber or Tech E&O Risk?
Mar 19 2024 // When it comes to artificial intelligence, more questions than answers keep underwriters from venturing into the space and lead to a lack of clarity, according to panelists at The Professional Liability Underwriting...
Central Bankers Use AI to Assess Climate-Related Risks
Mar 19 2024 // Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect data for assessing climate-related financial risks, just as the volume of disclosures from banks and other companies...
3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety
Mar 18 2024 // Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced by the adoption of electric vehicles, demand for solar energy, and the blistering pace of...
Suit Says OnStar, LexisNexis Shared Driving Data With Insurers, Spiking Rates
Mar 15 2024 // Do motorist-assistance systems like GM’s OnStar feed data to auto insurers, resulting in higher premiums for some drivers? A south Florida man says indeed, they do, and has filed a proposed class-action lawsuit...
Nvidia Is Sued by Authors Over AI Use of Copyrighted Works
Mar 12 2024 // Nvidia, whose chips power artificial intelligence, has been sued by three authors who said it used their copyrighted books without permission to train its NeMo AI platform. Brian Keene, Abdi Nazemian and Stewart...
Italy’s Data Watchdog Probes Open AI Tool That Turns Text Into Video
Mar 11 2024 // Italy’s data protection agency said on Friday it had opened an investigation into a service developed by Microsoft-backed Open AI that can generate videos based on text prompts. The regulator, known as Garante, asked...
States Scramble to Catch Up on Oversight as AI Pervades Everyday Life
Mar 11 2024 // While artificial intelligence made headlines with ChatGPT, behind the scenes, the technology has quietly pervaded everyday life — screening job resumes, rental apartment applications, and even determining medical care in...
The National Alliance Launches Allibot: A NEW Artificial Intelligence Learning Tool for HS Students Earning the CISR Designation
Mar 11 2024 // AUSTIN, TX., March 11, 2024 — The National Alliance for Insurance Education & Research, a leader in risk management and insurance education, announces the release of Allibot, an advanced Artificial Intelligence...
US Treasury Drops Plan to Collect Insurer Data on Climate Risks
Mar 8 2024 // The US government is stepping away from its effort to collect data on home insurance prices and availability at the Zip code level as premiums soar and climate risks to property intensify. Instead, it will join in a...
AI Firms Face Growing List of Lawsuits. Here’s What to Watch
Mar 4 2024 // Artificial intelligence firms are facing increasing pressure from some of the world’s most formidable names in technology and media, as new tools spark fresh questions over the risks posed by chatbots that threaten...
Kansas’ Conrade Insurance Group Discloses Data Breach
Mar 1 2024 // Conrade Insurance Group this week reported a data breach upon identifying unusual activity in its email system. The Newton, Kansas-based insurance agency posted a Notice of data Event on its website stating an...
