FDNY Uses Drone For First Time To Battle Bronx Fire

A drone used during a Monday night fire in a Bronx apartment may have helped save lives, FDNY says. The FDNY deployed a drone for the first time as a fire ripped through an apartment in Crotona Park.
March 9, 2017 Property Technology New York

Pay-Per-Mile Insurer Uniquely Positioned As Transportation Industry Evolves

Late last year, the team at Metromile, a San Francisco-based provider of usage-based insurance, met to discuss the company’s evolving identity. In September, Metromile had acquired Mosaic Insurance, which officially turned it from an MGA into a full-fledged insurance carrier, licensed in all 50 states.
February 21, 2017 Auto Technology California

House Panel To Meet With Automakers Over Self-Driving Car Legislation

Congress is revving up debate over the regulation that will be necessary for self-driving cars for the first time under President Donald Trump.
February 14, 2017 Auto Legislation & Regulation Liability Technology District Of Columbia

How Many Things In The Internet of Things? 8.4 Billion, One Estimate Says

The Internet of Things (IoT) continues to gather steam. Research firm Gartner Inc. is forecasting that 8.4 billion connected things will be in use worldwide this year, up 31% from 2016, and will reach 20.4 billion by 2020.
February 10, 2017 Technology

Bought By Many Uses Digital Model to Launch Insurance Products for Members

Bought By Many, a London-based membership organization launched in 2012 with the aim of making the insurance industry more consumer-focused by making it fairer, has announced that it has launched its insurance products.
February 10, 2017 Life & Health Technology

Insurance Pro Sues Yahoo Over Massive Data Hacks

A Texas insurance agent is suing Yahoo over the fallout from two breaches of user data, alleging that his credit card data was stolen in the hacks. Last year, Yahoo announced that it had been the victim of two data breaches — one in 2014 that obtained details of at least 500 million accounts, and one the year before of more than a billion accounts.
February 10, 2017 Liability Litigation Technology Texas

Are Uber And Airbnb Beating Insurers?

In a data-driven world, companies like Airbnb and Uber have revolutionized their respective industries through customer data and analytics, despite not owning traditional revenue-generating assets.
February 6, 2017 Risk Management Technology

How Digital Distribution And Underwriting Can Close Protection Gaps

One of the major promises of insurance’s digital transformation is the ability to cover more risks for more people.
January 30, 2017 Risk Management Technology

Tesla’s Triple Gift From NHTSA: No Blame In Crash, No Recall, Great Safety Results

Elon Musk must be feeling pretty pleased right about now. A long-awaited National Highway Traffic Safety Administration review of a fatal accident that occurred in May 2016 has concluded the driver’s Tesla Model S, which was in self-driving “Autopilot” mode at the time of the crash, was not defective. As such, the federal agency will not seek a recall of Tesla vehicles.
January 20, 2017 Legislation & Regulation Liability Technology

Samsung Will Blame Battery Size for Note 7 Explosions

Samsung will finally tell us why the Galaxy Note 7 exploded at a press conference on Sunday night (Monday morning, South Korea time). According to The Wall Street Journal and Bloomberg, the company’s months-long investigation will lay blame on the size of the batteries used in the phone.
January 20, 2017 Technology

U.S. Data Breaches Hit All-Time High

There were 1,093 tracked data breaches in 2016, a new all-time high. The previous record was 780, recorded in 2015, making a 40 per cent increase last year. However, the report asks whether it is the number of incidents that has risen or just the reporting of them by states.
January 20, 2017 Technology

Data-Driven Approach May Reduce Violence to Hospital Workers

A worksite intervention using unit-level data on violent events can lead to lower risks of patient-to-worker violence and injury to hospital staff, suggests a study in the January Journal of Occupational and Environmental Medicine.
January 19, 2017 Life & Health Technology

For Driverless Cars, A Moral Dilemma: Who Lives Or Dies?

Imagine you’re behind the wheel when your brakes fail. As you speed toward a crowded crosswalk, you’re confronted with an impossible choice: veer right and mow down a large group of elderly people, or veer left into a woman pushing a stroller.
January 19, 2017 Auto Technology

FDA, IBM Watson Health to Study Application of Blockchain Technology

The Food and Drug Administration and IBM Watson Health are forming a partnership to investigate potential ways that blockchain technology can be used in healthcare. The agency and IBM subsidiary have signed a two-year agreement that will enable them to jointly explore ways to use the emerging technology. Initial efforts will focus on oncology-related data.
January 19, 2017 Life & Health Technology

AI Is Making Waves, But Insurers Still Have Adjustments To Make

Talk to many leaders around the insurance industry, and one technology trend stands out as poised to make a big impact in 2017: Artificial intelligence.
January 18, 2017 Risk Management Technology
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