Wall Street’s main regulator is moving to introduce new rules for brokerages using artificial intelligence to interact with clients.
Author: Annie George
Bipartisan U.S. Bill Would End Section 230 Immunity for Generative AI
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.
Chubb Introduces Cyber Central: An Innovative Quoting Platform for Cyber and Professional Liability Insurance
Chubb has launched Cyber Central, an innovative quoting platform designed for agents and brokers who specialize in cyber risks.
Music Companies Sue Twitter for More Than $250 Million in Damages Over Alleged Copyright Violations
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.
Cyber Insurance Premiums Surge by 50% in 2022 as Ransomware Attacks Increase
US cyber insurance premiums surged 50% in 2022 as increased ransomware attacks and online commerce drove demand for coverage.
Auto Insurance Customer Satisfaction Plummets as Rates Continue to Surge, J.D. Power Finds
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.
SEC Lawsuits Against Cryptocurrency Companies Raise Questions About Industry’s Future
First came the crypto winter, then the alleged fraud wrought by FTX founder Sam Bankman-Fried, and now the lawsuits.
More Inflation, Less Flo, Can Be Winning Combo for Progressive
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.
Insurance Fraud Finds a New Enemy in Verisk’s Advanced Image Forensics
Insurers in the United States now have a new weapon from Verisk in the battle against claims fraud: image forensics.
Radio Host Sues OpenAI for Defamation After ChatGPT Generates False Info
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.