Latest Data Driven Headlines

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

Growing Reliance on Big Tech for AI Carries New Risks, Banks Say

Jun 7 2024 // The boom in artificial intelligence will increase banks’ dependence on big U.S. tech firms, creating new risks for the industry, European banking executives said.Excitement around using artificial intelligence (AI)...

Tech Update: USI’s Tech-Enabled Risk Control Platform; Baldwin Group Starts API-Connected Cyber Placements; AI-Based Workers Comp Fraud Detection at CLARA

Jun 6 2024 // USI Insurance Services (USI) announced the launch of PATH (patent pending), a proprietary technology-enabled risk control platform for clients.The new platform leverages industry-specific benchmark data to generate...

Exploring AI: Fascination with AI, Not Fear Will Drive Success for Independent Agents

Jun 3 2024 // I remember watching Michael Crighton’s “Westworld” in 1973. Two vivid impressions from that experience remain. The first was my date breaking my glasses when she screamed and threw her arms open during a...

Nationwide’s Kandhari Talks Building a Bionic Workforce With AI

May 31 2024 // Nationwide’s Chetan Kandhari said the company is working to build a bionic workforce.Maybe that brings to mind robots, futuristic technology and sci-fi imagery, but Kandhari said no one should fear robots replacing...

How AI Can Reshape Claims Management

May 30 2024 // How can artificial intelligence change property and casualty insurance claim processing?Two industry experts answered that question from a few angles during Carrier Management’s annual InsurTech Summit. Frank Giaoui,...

Is Trampoline Job Landscape Work? AI Says Yes. 11th Circuit Says It’s Not Covered

May 30 2024 // Is the installation of an in-ground trampoline considered landscaping work, covered by a landscaper’s liability insurance policy?Artificial intelligence programs suggest that it is. But human judges with the 11th...

Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry

May 29 2024 // The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh based on future risk, with health care replacing IT as the most exposed sector in the next 10 years.The...

US Intelligence Agencies’ Embrace of Generative AI Is Wary and Urgent

May 28 2024 // Long before generative AI’s boom, a Silicon Valley firm contracted to collect and analyze non-classified data on illicit Chinese fentanyl trafficking made a compelling case for its embrace by U.S. intelligence...

Gallagher Updates Regulation for Artificial Intelligence

May 22 2024 // Gallagher’s Cyber practice remains laser focused on emerging technology and the potential for increased risks as organizations begin to use them. Throughout 2024, we’re concentrated on evolving compliance...

AI-Intensive Sectors Are Seeing Productivity Surge: PwC

May 21 2024 // The types of business which are most likely to use artificial intelligence are seeing growth in workers’ productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy,...

AI Voiceover Company Stole Voices of Actors, New York Lawsuit Claims

May 20 2024 // Two voice actors sued artificial-intelligence startup Lovo in Manhattan federal court on Thursday, accusing the company of illegally copying their voices and using them without permission in its AI voiceover...

Sony Music Warns Companies to Stop Training AI on Its Artists’ Content

May 17 2024 // Sony Music Group, one of the world’s biggest record labels, warned artificial intelligence companies and music streaming platforms not to use the company’s content without explicit permission.Sony Music, whose...

US Senators Unveil AI Policy Roadmap, Seek Government Funding Boost

May 16 2024 // A bipartisan group of U.S. senators, including Majority Leader Chuck Schumer, called on Wednesday for a big jump in government research funding of artificial intelligence as they debate new legal safeguards.Generative...

Kansas Schools Turn to AI to Spot Guns

May 14 2024 // TOPEKA, Kan. (AP) — Kansas could soon offer up to $5 million in grants for schools to outfit surveillance cameras with artificial intelligence systems that can spot people carrying guns. But the governor needs to approve...

VC Firm Accel Raises $650M to Invest in AI, Cybersecurity Startups in Europe, Israel

May 14 2024 // Venture capital firm Accel said on Tuesday it has raised a $650 million fund to invest in early-stage companies in Europe and Israel with a focus on artificial intelligence and cybersecurity.The new fund will be...

What Risks Do Advanced AI Models Pose in the Wrong Hands?

May 10 2024 // The Biden administration is poised to open up a new front in its effort to safeguard U.S. AI from China and Russia with preliminary plans to place guardrails around the most advanced AI models, Reuters reported on...

Revolutionizing Insurance Distribution: Efficiency and Innovation through API Integration and Data Utilization

May 8 2024 // This post is part of a series sponsored by Dyad.In the dynamic landscape of insurance distribution, the convergence of efficiency and innovation is reshaping traditional workflows and elevating user experiences. Amidst...

Tech Update: Marsh McLennan Launches AI Solution to Manage Supply Chain Risks

May 3 2024 // Marsh McLennan, the insurance and reinsurance broker, has launched Sentrisk, an artificial intelligence-powered platform, which aims to help businesses manage global supply chain risk.Created through the combined...

Neptune Flood Acquires Data Science Firm to Enhance Its AI-Driven Flood Insurance

May 2 2024 // Private flood insurer Neptune Flood reported it has acquired Charles River Data, a Boston-based data science consulting group. According to Neptune, the strategic move will bolster its underwriting system through advanced...

Police: Athletic Director Used AI to Frame Principal With Racist Remarks in Fake Audio

May 2 2024 // A high school athletic director in Maryland has been accused of using artificial intelligence to impersonate a principal on an audio recording that included racist and antisemitic comments, authorities said.Authorities...