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Mind Foundry has raised $22 million in funding, the latest sign of growing demand to deploy AI.

Under the new rules, which are slated to be completed by December 2024, insurers will be able to raise premiums based on current and future risks as long as they agree to provide a certain share of coverage in areas vulnerable to fires. The existing rules only allow them to consider historical data.

A representative for Bolttech declined to comment.

Advanced driver assistance systems (ADAS) decrease risky behaviors, such as distracted driving and speeding, reducing auto claims.

Transformative technologies are increasing productivity and job satisfaction, as well as providing workers with essential upskilling.

A new Chubb report identifies business trends and evolving risks affecting mid-market companies.

The top two municipal bond insurers wrapped $22.814 billion in the first three quarters of 2023, a slight dip of 0.5% from the $22.929 billion of deals done over the same period in 2022, according to Refinitiv data.

The New York State Insurance Fund, one of the largest workers comp insurers in the U.S., got over 1,000 policyholders on board its new claims information app in its first week.

The bottom five metropolitan areas have an average expected loss per capita of $760.87.

As technology advances, risk assessment becomes increasingly complex and requires more advanced techniques.