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Author: Annie George

SEC to Weigh New Artificial Intelligence Rules for Brokerages

SEC cyber probe

Wall Street’s main regulator is moving to introduce new rules for brokerages using artificial intelligence to interact with clients.

Published June 15, 2023
Categorized as Show on Homepage Tagged AI and brokerages, Wall Street and AI

Bipartisan U.S. Bill Would End Section 230 Immunity for Generative AI

AI and industry risks

Two U.S. senators introduced legislation on Wednesday that would allow social media companies to be sued for spreading harmful material created with artificial intelligence.

Published June 15, 2023
Categorized as Show on Homepage Tagged AI, AI lawsuit immunity, social media

Chubb Introduces Cyber Central: An Innovative Quoting Platform for Cyber and Professional Liability Insurance

Chubb cyber platform

Chubb has launched Cyber Central, an innovative quoting platform designed for agents and brokers who specialize in cyber risks.

Published June 15, 2023
Categorized as Show on Homepage Tagged Chubb platform, cyber insurance platform

Music Companies Sue Twitter for More Than $250 Million in Damages Over Alleged Copyright Violations

Copyright infringement Twitter

A group of music publishers representing songwriters from Taylor Swift to Beyoncé is suing Twitter for alleged copyright infringement, arguing that the platform benefits from the use of songs it hasn’t paid for.

Published June 15, 2023
Categorized as Show on Homepage Tagged music publishers, songs Twitter, Twitter copyright lawsuit

Cyber Insurance Premiums Surge by 50% in 2022 as Ransomware Attacks Increase

Christie's ransomware

US cyber insurance premiums surged 50% in 2022 as increased ransomware attacks and online commerce drove demand for coverage.

Published June 14, 2023
Categorized as Show on Homepage Tagged cyber insurance, cyber premiums, ransomware attacks

Auto Insurance Customer Satisfaction Plummets as Rates Continue to Surge, J.D. Power Finds

consumer dissatisfaciton

Overall customer satisfaction with auto insurance providers is 822, down from 834 a year ago. The decline is driven by a 25-point decrease in customer satisfaction with the price of their policies.

Published June 14, 2023
Categorized as Show on Homepage Tagged auto insurance rates, customer satisfaction, JD Power auto consumer survey

SEC Lawsuits Against Cryptocurrency Companies Raise Questions About Industry’s Future

crypto currency

First came the crypto winter, then the alleged fraud wrought by FTX founder Sam Bankman-Fried, and now the lawsuits.

Published June 14, 2023
Categorized as Show on Homepage Tagged crypto, FTX, lawsuits, SEC

More Inflation, Less Flo, Can Be Winning Combo for Progressive

Auto insurance

One of the fastest rising inputs in the consumer-price index released this week was the cost of auto repair. Also rising? The cost of auto insurance.

Published June 14, 2023
Categorized as Show on Homepage Tagged auto insruance, auto repair, inflation, Progressive

Insurance Fraud Finds a New Enemy in Verisk’s Advanced Image Forensics

Claims fraud

Insurers in the United States now have a new weapon from Verisk in the battle against claims fraud: image forensics.

Published June 14, 2023
Categorized as Show on Homepage Tagged claims fraud, image forensics, Verisk

Radio Host Sues OpenAI for Defamation After ChatGPT Generates False Info

Newspapers sue OpenAI

Microsoft-backed OpenAI has been sued by a radio host in the US, which appears to be the first defamation lawsuit responding to false information generated by ChatGPT.

Published June 14, 2023
Categorized as Show on Homepage Tagged ChatGPT, defamation lawsuit, false information, OpenAI

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