Latest Data Driven Headlines

All the headlines from our Data Driven Topic Page, ordered by recency.

California OKs Farmers and Zesty.ai Wildfire Risk Assessments, Will Bring 30K New Homeowners Policies

Jun 16 2021 // California regulators have approved a plan by Farmers Insurance to assess wildfire risk by using a tool that combines artificial intelligence with high-resolution aerial photography.The carrier said the Z-Fire risk scoring...

First U.S. Artificial Intelligence Czar Seeks ‘Responsible Use’ of AI Tools

Jun 8 2021 // Computer scientist Lynne Parker made breakthroughs in getting robots to work together so they could perform difficult missions, like cleaning up after a nuclear disaster, waxing floors or pulling barnacles off a ship.Her...

Texas Seeking Insurer Data on Catastrophe Experience in 2020

May 26 2021 // The Texas Department of Insurance (TDI) has issued a data call for information from certain insurance companies writing property insurance in Texas during calendar year 2020. The information will be used by the Texas...

Tennessee Insurance Data Security Law to Take Effect July 1

May 24 2021 // A law passed by the Tennessee General Assembly in its latest session will give insurance consumers in the state new protections for their personal, medical and financial information, according to the Tennessee Department...

Maine One of Latest States to Enact NAIC-Inspired Insurance Data Security Act

May 6 2021 // Maine is one of the latest states to enact its own version of the National Association of Insurance Commissioners (NAIC) model data security law, signing the Maine Insurance Data Security Act into law on March 17.The NAIC...

Bill in Colorado Would Prohibit Insurer Use of ‘Discriminatory’ Data

May 5 2021 // Colorado lawmakers are considering a bill that would prohibit insurance companies from using consumer information collected from outside sources such as social media and court and home ownership records to determine...

Geico Customer Data Breach May be Part of Unemployment Insurance Scam

Apr 22 2021 // Auto insurer Geico recently reported that fraudsters have been stealing license numbers of its customers for the past few months and possibly using them to fraudulently apply for unemployment benefits.In a data breach...

EU Announces Tough Draft Rules on Use of Artificial Intelligence

Apr 22 2021 // BRUSSELS – The European Commission on Wednesday announced tough draft rules on the use of artificial intelligence, including a ban on most surveillance, in an attempt to set global standards for a key technology...

Connecticut Reminds Insurers to Avoid Discriminatory Practices with Big Data

Apr 16 2021 // Connecticut Insurance Department (CID) Commissioner Andrew N. Mais issued a formal notice to insurers licensed by the department that their use of technology and big data must be in full compliance with federal and state...

EU Set to Ban Artificial Intelligence Used for Mass Surveillance, Ranking Social Behavior

Apr 15 2021 // The European Union is poised to ban artificial intelligence (AI) systems used for mass surveillance or for ranking social behavior, while companies developing AI could face fines as high as 4% of global revenue if they...

FRISS Acquires Ohio Commercial Insurance Data Manager, Terrene Labs

Apr 14 2021 // FRISS, a Netherlands-based provider of fraud, risk and compliance products and services for property/casualty insurance carriers, has acquired Terrene Labs, headquartered in Mason, Ohio. Terrene helps commercial...

NAIC Data: Florida Property Lawsuits Total 76% of Insurer Litigation in U.S.

Apr 14 2021 // New information from Florida’s insurance regulator paints a stark picture of the extent of litigation facing the state’s domestic insurers. The information comes as numerous stakeholders push for legislative...

How Big Data Can Help Finance Big Infrastructure Plans

Apr 8 2021 // It’s no secret that the roads, bridges, water and sewer systems that have shaped how our communities developed over the last century are, in too many cases, operating on borrowed time. Infrastructure is — after all...

California County Adding Artificial Intelligence for Wildfires

Mar 23 2021 // Sonoma County officials say they will add artificial intelligence technology to help fight wildfires with a 24-7 monitor to track fire outbreaks.The technology will be added to the county’s network of wildfire...

New York Regulator to Collect, Publish Insurer Diversity Data to Promote Transparency

Mar 16 2021 // The New York State Department of Financial Services (DFS) is calling on its regulated insurers to prioritize diversity of leadership and says it will begin collecting and publishing diversity data from insurers this year...

AI-Driven Insurance Distribution Platform Wins $11 Million Financing Round

Feb 26 2021 // A startup centered around an AI-driven platform for insurance distribution secured $11 million in Series A financing.Zelros plans to use the money, in part to propel its North American expansion, with a new regional...

AI Startup that Uses AI and Partners with Re/insurers, Now Is Seeking Canadian IPO

Feb 10 2021 // Farmers Edge Inc., a firm that uses artificial intelligence to help growers boost crop yields, is seeking to raise about C$100 million ($79 million) in an initial public offering to strengthen its finances and repay...

Researchers Say Machine Learning Boosts Defense Against Multi-Stage Cyber Attacks

Feb 8 2021 // A machine learning algorithm may give organizations a powerful and cost-effective tool for defending against attacks on vulnerable computer networks and cyber-infrastructure, often called zero-day attacks, according to...

Consumers and Insurers’ Use of Personal Data

Feb 8 2021 // If it means reduced premiums, consumers are willing to share their personal information with insurers but they question whether insurers can protect their data.The number of consumers willing to share significant data on...

Amazon Plans Cameras with AI in Its Delivery Vans to Improve Driver Safety

Feb 5 2021 // Amazon.com has revealed plans to install AI-powered video cameras in its branded delivery vans, in a move that the world’s largest e-commerce firm says would improve safety of both drivers and the communities in...