The recent executive order proposing unified federal governance of AI laws has created more uncertainty for insurance companies.
Read moreRiverbed, the leader in AIOps for observability, today released Financial Services industry findings from its global survey,‘ The Future of IT Operations in the AI Era,’ which examines the level of AI readiness across the Financial Services Sector. The results highlight a growing implementation gap as organizations move from AI ambition to real-world impact.
Alaffia Health, the leader in agentic AI for health plan claims operations, today announced a $55 million Series B financing, led by Transformation Capital, with participation from insiders including FirstMark Capital, Tau Ventures, and Twine Ventures. Founded in 2020 by sibling duo TJ Ademiluyi and Adun Akanni, Alaffia was built to address these challenges,…
The Information Technology Industry Council is encouraging the National Institute of Standards and Technology to provide more guidance on risk management and agentic artificial intelligence, in comments on a preliminary draft profile of the NIST cybersecurity framework focused on AI. ITI says the“ the Profile could be strengthened by addressing…
-The Trump Aainistration is set to revisit regulations on data privacy and consumer protections between banks and financial technology firms such as Venmo. Paul Watkins, managing partner at Fusion Law, called the provision an "essential part of our financial lives." The Biden Administration then formalized the largely untouched provision in 2024 to give…
John Hancock’s new Gen-AI powered underwriting tool may cut down preliminary processing times from one day to just 15 minutes.
State and federal regulators are heading for a showdown over who will write the rules for AI.
InsuranceNewsNet sat down with three top providers of insurance AI solutions to understand where AI developments are headed in the industry.
A recent study finds that most retirees are increasingly using technology, including for financial and retirement planning purposes.
How much responsibilty do corporations deploying AI bear on the impact of this technology? Manulife’s global chief AI officer speaks out.
Misconception may be half the battle when it comes to getting more insurers to embrace AI, says one Equisoft executive.
An executive order on artificial intelligence issued by President Donald Trump on Thursday is not going over well with state lawmakers and regulators.
A nonprofit seeking to save lives by improving health outcomes just moved a little closer to achieving its goal with a new partnership.
State insurance regulators are committed to kicking off a pilot program in 2026 to test insurers’ use of artificial intelligence.
Artificial intelligence patenting in insurance is becoming a high-stakes, highly concentrated race dominated by a handful of U.S. carriers.
A former Michigan pharmacist and his brother were sentenced to eight and five years in federal prisonfor orchestrating a years-long health care and wire fraud scheme that defrauded Medicare, Medicaid and Blue Cross Blue Shield of Michigan of more than $15 million. Prosecutors said Raad Kouza, 59, and Ramis Kouza, 46, systematically billed insurers for…
Insurers will prioritize customer experience in the coming year as declining customer satisfaction reveals the need to focus on retaining clients.
Agentic AI, which can autonomously plan, make decisions and carry out tasks, is expected to become prominent in the insurance industry by 2026.
The insurance industry is facing a shortage of personnel. Professionals known as underwriters are retiring, fewer and fewer young professionals are joining the business, and companies are trying to fill the gap with workflow management tools. At the same time, the volume of applications is growing. The gap between the industry’s needs and its capacity to…
The rapid integration of AI systems into everyday business operations has left many insurers wondering: Who pays when an AI makes a mistake? The post Insurers Scale Back AI Coverage Amid Fears of Billion-Dollar Claims appeared first on TechRepublic.
