Back in 1998, the European Center for Medium-Range Weather Forecasts housed the 27th most-powerful supercomputer in the world, with 116 cores providing a maximum performance of 213 gigaflops.

Insurers are beginning to answer questions around how and when blockchain will be fully utilized in the industry, as multiple organizations continue to launch new proofs of concepts to test out the ledger technology.

A CCC executive said Wednesday that insurers have begun to use its artificial intelligence Smart Total Loss tool, which can predict whether a vehicle is destined for a salvage auction based upon a photo, on “live claims today.”

Even with an abundance of awareness campaigns, distracted and dangerous driving remains a problem on the roads.

To monitor means to supervise and continually check and critically observe. It means to determine the current status and to assess whether the required or expected performance levels are actually being achieved.

The self-driving vehicles of tomorrow could be actively monitored and shaped by insurance companies, suggests an autonomous vehicle start-up spun off from the University of Oxford.

Data is the lifeblood of the insurance industry, plain and simple. Insurers everywhere have embraced the digital age and are looking to new technologies - drones, the internet of things, AI, and blockchain — to obtain increasingly valuable data sets.

Marsh, a global insurance brokerage and risk management firm, announced the first commercial Blockchain solution for proof of insurance, Business Wire reported April 16. With this application of Blockchain technology, Marsh aims to transfigure the certificate of insurance process “from complicated and manual to streamlined and transparent”.

Deadly crashes involving Tesla Inc (TSLA.O) and Uber Technologies [UBER.UL] vehicles operating entirely or in part under automated systems have made a once-abstract problem very real for auto industry lawyers gathered at a recent conference.

Cybercriminals are moving into the terrain of supply chain attacks, masquerading as signed apps, and using ransomware as a distraction to steal money from the network.

As controversy swirls around the death of a Model X driver last month, the head of Alphabet Inc.’s self-driving car unit is drawing distinctions between his company’s technology and Tesla Inc.’s Autopilot.

Two of the largest insurers in the United States have come together to launch an insurance company blockchain pilot. The purpose is to be able to improve the quality of healthcare data.

BMW soft-close automatic doors are allegedly to blame for a New York man losing his $250,000 per year income as a self-employed software engineer for his own company. The lawsuit alleges BMW deceives the public by hiding the serious dangers of the soft-close automatic doors by advertising the alleged benefits of the systems.

The U.S. National Transportation Safety Board said on Sunday it was “unhappy” that electric car maker Tesla Inc (TSLA.O) made public information about the crash of its Model X vehicle on Autopilot that killed the driver last month.

A fully autonomous vehicle could generate as much data as the equivalent of every movie ever made … on a daily basis.
“The amount of data being generated in these vehicles is just mind boggling,” said Tom Karol, general counsel — federal, The National Association of Mutual Insurance Companies (NAMIC).