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Catastrophe Experts Tap AI to Tackle Soaring Insured Losses

Bloomberg reports that with annual insured disaster losses of $150 billion now “the new normal,” insurers are hoping technology can help turn the tide.
Catastrophe Experts Tap AI to Tackle Soaring Insured Losses
Insurers are betting on a suite of new AI-driven techniques to better predict surging losses from climate-driven weather catastrophes ranging from unprecedented wildfires to hurricanes and floods. Less than three months into the year, natural disasters are already causing major economic disruption around the world, including recent fires across Los Angeles, an economy-denting cyclone in Australia, floods in Jakarta and... ...

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