technology News

Survey Shows Declining Consumer Confidence in AI for P/C Insurance

The number of Americans that think it’s a good idea for property/casualty insurers to leverage artificial intelligence is headed down, with a growing number of people who say they would be less likely to buy a policy with an insurer …

The War on Wildfires Is Going High-Tech

Last December, a farmer was burning dry grapevines in his vineyard in Deir Mar Moussa, a hill town a dozen miles east of Beirut known for its 18th century monastery and stands of pine forest. Usually this would be dangerous, …

Leveraging Artificial Intelligence in Claims Processing: A Balanced Perspective

Imagine a world where insurance claims are processed instantly with accuracy and minimal manual intervention. Yes, that is the promise current artificial intelligence revolution has made in claims processing. But as with any modern technology revolution, there are challenges, and …

A Human Touch is Key to Building an Effective Touchless Claims Environment

In today’s fast-paced, digital world, the insurance industry is undergoing a rapid transformation, and the way insurance claims are being managed is no exception. The touchless claims experience is proving to be an elusive goal for some, a lofty aspiration …

3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety

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 generative AI adoption. Yet these …

Claims People: Sedgwick, Berkshire Hathaway Specialty and Philadelphia Insurance

Sedgwick Promotes Tech Leader Sedgwick has appointed Leah Cooper as global chief digital officer, a new position. Cooper will lead Sedgwick’s technology research and development efforts and collaborate across business lines to advance the company’s transformation strategy, the Memphis-based claims …

Driverless Vehicles on Limited Routes Bump Along Despite Robotaxi Scrutiny

SAN FRANCISCO —A quest for lower costs and efficiently moving goods and groups of people is pushing demand for driverless technology in trucks and shuttles, even as robotaxis battle renewed doubts after an October accident involving a General Motors Cruise …

Agency: New Vehicles Would Need Devices to Prevent Drunk or Impaired Driving

DETROIT (AP) — U.S. auto safety regulators say they have taken the first step toward requiring devices in vehicles that prevent drunk or impaired driving. The National Highway Traffic Safety Administration announced on Tuesday that it is starting the process …

The Threat of Wildfires Is Rising. So Are New Artificial Intelligence Solutions to Fight Them

LONDON (AP) — Wildfires fueled by climate change have ravaged communities from Maui to the Mediterranean this summer, killing many people, exhausting firefighters and fueling demand for new solutions. Enter artificial intelligence. Firefighters and startups are using AI-enabled cameras to …

Maritime Industry Explores Nuclear Power for Ships as Technology Opens Up

LONDON –– The maritime industry is exploring whether nuclear fuel can be used to power commercial ships as advancements in technology open up such options, industry officials said. Nevertheless, any possible nuclear fuel solutions for ships are at least 10 …