Technology/Science
Laws and Regs Already Protect Insureds From AI Missteps, Insurance Reps Say
Despite the rapid rise of artificial intelligence in the insurance sector, along with claims of widespread errors and even discrimination by algorithms, AI is becoming vital to the industry – but ...
Scientists Link Major Carbon Emitters to Worsening Heat Waves
One quarter of more than 200 heat waves that occurred worldwide this century may have been impossible without human-induced global warming. Emissions from the world's largest fossil fuel and cement ...
NY Fed Finds Modest Impact of AI on Jobs Even as Usage Increases
Use of artificial intelligence among businesses jumped in the last year and is expected to continue to grow, yet few firms have cut jobs as a result so far, according to a new Federal Reserve Bank of ...
Cyber Outlook Report Finds Gaps, Outlines Holistic Approach to Protections
As the cyber market matures, it's increasingly evident that fighting off cyber attacks is going to be an ongoing team effort. Brokers, carriers, cybersecurity organizations and insureds all play a ...
Cybersecurity Pros Say IoT, Large Language Models Are Risk Areas of Concern
When it comes to systemic cyber risks, cybersecurity experts rated Internet of Things (IoT) devices and large language models (LLMs) as the most immediate emerging risk areas of concern. That finding ...
InsurTech Investment Hits $60B Milestone But Pales AI Figures
Artificial intelligence is quickly reshaping the insurance landscape, and Gallagher Re's global head of InsurTech, Andrew Johnston, warned in the company's latest Global InsurTech Report that this ...
Data Suggests 60% of Enterprise Firewalls Fail Compliance Checks
New data derived from FireMon customer onboarding revealed that 60 percent of enterprise firewalls fail high-severity compliance checks immediately upon evaluation, with another 34 percent falling ...
Jury Decides Tesla Partly Responsible in Autopilot Crash Case; Must Pay $243M
A Miami jury decided that Elon Musk's car company Tesla was partly responsible for a deadly crash in Florida involving its Autopilot driver assist technology and must pay the victims more than $240 ...