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The cost of a data breach has risen 15% over the last 3 years, and ransomware costs have jumped 13% in the last year.

President Biden has directed government agencies to develop new rules on protecting privacy and security, preventing intellectual property theft, reducing bias and more in banks' use of artificial intelligence models.

CSAA Insurance Group will use the Arity IQ Network, which uses driving behavior data to quote auto insurance policies.

Insurtechs launching an ethical AI consortium to set guidelines for AI use and actuaries considering the pros and cons of the new technology are among the ways AI is changing insurance.

Nationwide is partnering with Resideo Technologies to offer its thermostats, fire, smoke and water leak detectors, and related home security solutions to its policyholders in a pilot program starting in early 2024, with policy discounts for their use, according to company officials.

While only 48% of startups believe they are likely to face a data breach or ransomware attack, the actual number affected is much higher.

Digital Insurance reached out to several insurance professionals to gain insight into what parametric insurance is, when it's triggered and how access to data plays a role.

The private equity firm is planning to solicit interest in the Waltham, Massachusetts-based company in 2024, said the people, who asked not to be identified discussing confidential information.

Warren Buffett's Berkshire Hathaway faces accusations it violated the terms of a more than $10 billion acquisition of truck-stop-chain Pilot Travel Centers by changing the accounting methods used to value part of the deal, according to an unsealed lawsuit.

Upper management is at odds with their employees over AI use, hybrid work, dress codes and more.