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.
Late last year, the team at Metromile, a San Francisco-based provider of usage-based insurance, met to discuss the companys 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.
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.
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.
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.
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.
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 drivers 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.
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 companys months-long investigation will lay blame on the size of the batteries used in the phone.
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.
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.
Imagine youre behind the wheel when your brakes fail. As you speed toward a crowded crosswalk, youre 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.
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.
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.