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Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech
May 6 2024 // Berkshire Hathaway continued to deliver eye-popping results for its insurance and reinsurance operations during the first quarter of 2024, with underwriting profits for personal auto insurer GEICO and reinsurance...
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...
Israeli Cyber Security Startup Apex Gets Initial Investment From OpenAI’s Altman
May 3 2024 // Israeli cyber security startup Apex, which focuses on protecting the rapid use of artificial intelligence (AI) tools, said on Thursday it received an undisclosed investment from OpenAI Chief Executive Sam Altman. In all,...
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...
Insurtechs Root, Lemonade Book Q1 Net Income Losses but Each Tout Progress
May 1 2024 // Insurtech Root Inc. posted a net loss for the first quarter 2024 of $6.2 million but said it recorded operating income for the first time in the company’s history. The net income loss for the first three months of...
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