By Insurance Desk | August 29, 2025 BOSTON — Artificial intelligence is gaining traction among insurance agents, but its integration into daily operations is far from uniform, according to a new study released by Liberty Mutual Insurance. The 2025 Independent Agents at Work Study, which polled over 1,200 independent agency leaders and staff members, highlights … Read more
Can AI Help Combat Nuclear Verdicts? Nuclear verdicts—jury awards exceeding $10 million, often driven by punitive or non-economic damages—have surged in recent years, posing significant financial and reputational risks for businesses and insurers. Artificial Intelligence (AI) is increasingly being leveraged to combat these verdicts by enhancing litigation strategies, improving risk assessment, and optimizing defense tactics. … Read more
The global market for AI-related insurance premiums is projected to reach approximately US$4.8 billion by 2032, growing at a compound annual growth rate (CAGR) of around 80%. This surge is driven by the increasing integration of AI across industries like healthcare, transportation, and finance, which introduces new risks such as algorithmic errors, autonomous vehicle accidents, … Read more
July 15, 2025 – U.S. Commerce Secretary Howard Lutnick, talking on the Pennsylvania Vitality and Innovation Summit in Pittsburgh on July 15, 2025, acknowledged that the Trump administration accredited Nvidia’s resumption of H20 AI chip gross sales to China as a result of it’s only their “fourth finest” chip, far much less superior than Nvidia’s … Read more
July 15, 2025 – Nvidia announced on July 15, 2025, that it will resume sales of its H20 artificial intelligence (AI) chips to China, following assurances from the U.S. government under President Donald Trump that export licenses will be granted. This reverses an April 2025 ban imposed by the Trump administration, which had restricted H20 … Read more
July 7, 2025 The insurance industry, long perceived as a slow-moving giant tethered to legacy systems, is undergoing a seismic shift driven by artificial intelligence (AI). Far from being just another tool in the toolkit, AI is redefining how insurers operate, interact with customers, and manage risks, creating a more efficient, customer-centric, and innovative landscape. … Read more
In a viral Reddit put up that’s taken social media by storm, a person shared how ChatGPT, the AI chatbot developed by OpenAI, talked him out of quitting his job to pursue what he admitted was an “terrible” enterprise concept. The put up, shared on the r/ChatGPT subreddit in Could 2025, has sparked laughter and … Read more
AI or Be Left Behind: Nigeria’s Cities Must Act Now Lagos, Nigeria – April 10, 2025, 12:13 PM PDT – As the world races toward an AI-driven future, Nigeria’s bustling cities—Lagos, Abuja, Kano, and beyond—stand at a crossroads: embrace artificial intelligence or risk fading into technological obscurity. With a global AI market projected to hit … Read more