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News
Using AI to Predict and Prevent Weather Catastrophe Home Insurance Claims
9+ mon, 1+ week ago (536+ words) beyond simple averages to complex, property-level intelligence, homeowners insurance is becoming a dynamic,...climate patterns. AI provides the necessary intelligence to untangle these complexities. Where wildfires...
AI Tools and Bad Faith Risk in Insurance Claim Handling: Lessons from Lokken
7+ mon, 1+ week ago (198+ words) Lokken v. UnitedHealth Group, Inc. The Lokken court dismissed most state-law and statutory claims by applying the Medicare Act preemption. Critically, however, two claims survived: breach of contract and breach of the implied covenant of good faith and fair dealing. The…...
How AI and New Technology Are Transforming Home Insurance Policy During Natural Calamities
6+ mon, 1+ week ago (745+ words) bolstered by the incorporation of cutting-edge artificial intelligence (AI), satellite monitoring, and predictive analytics...
Martha Stewart Co-Founders AI-Powered Home Management Platform Hint
3+ mon, 3+ week ago (741+ words) veteran Yih-Han Ma announced the launch of Hint, an artificial intelligence-native home management platform,...combining human expertise with applied data intelligence. According to a report by Morning Brew, venture...
Satellite tech, data, AI give insurers a dynamic view
5+ mon, 3+ day ago (242+ words) Insurers can now observe events as they develop and in some cases anticipate them. That allows their clients to take action earlier, and earlier action reduces harm and losses. The mechanism is basic: prevention is better – and cheaper – than cure....
State Farm CEO is betting big on AI—and contemplating the company’s future in California
3+ mon, 4+ week ago (333+ words) In today’s CEO Daily: Diane Brady interviews State Farm CEO John Farney on the tough economics of insurance. The big leadership story: What Cerebras’ mega debut means for more AI listings The markets: In the red as investors track developments…...
Applying AI to aerial images raises insurers' compliance risks
5+ mon, 2+ week ago (340+ words) AI increasingly plays a role in insurers' use of aerial images to determine home property coverage. States that do regulate the use of aerial images tend to do so through regulations, not laws. NAIC, the association of state insurance regulators,…...
Report: Tech-enabled litigation and AI threaten to destabilize insurance industry
9+ mon, 2+ week ago (84+ words) Tech-driven search engines, scam emails and data scraping are threatening to destabilize the property insurance marketplace nationwide if left unchecked, a new report finds. The research project, by Ohio-based financial analysis firm Demotech, finds that “tech-enabled litigation instigation” is growing…...
Martha Stewart Co-Founds AI Home Management Platform Hint
3+ mon, 3+ week ago (962+ words) announced last week the launch of Hint, a new artificial intelligence-native home management platform...
Martha Stewart's new AI startup, Hint, says it can help you run your home — and investors just put up $10 million to back her - AOL
3+ mon, 3+ week ago (507+ words) Martha Stewart is a polymath in American domesticity, with a multibillion-dollar lifestyle brand, best-selling cookbooks, and mass-market retail products. Now, she's entering the AI startup space. Hint (1) — her new "always-on" home-management platform co-founded by Yih-Han Ma and Kyle Rush — aims…...