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Driverless Cars Will Change Auto Insurance. Here’s How Insurers Can Adapt

Harvard Business

There is little doubt that the widespread adoption of autonomous vehicles will have a huge impact on the automobile insurance industry. Since insuring privately owned vehicles is what the auto insurance industry has been all about, insurers have every reason to be concerned about their future growth and profitability.

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Artificial Intelligence: It’s Current and Future Role in Healthcare (Part 1 of 2)

Tom Spencer

The market for artificial intelligence in healthcare is expected to hit $6.6 The market for artificial intelligence in healthcare is expected to hit $6.6 A few examples include: Increasing revenues for healthcare providers by reducing insurance claim denials (e.g. billion in revenues by 2021. billion in revenues by 2021.

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The Most Common Job in 29 States to Nearly Vanish in 10 Years; Know What That Job Is?

MishTalk

Adoption Timeline According to Morgan Stanley, complete autonomous capability will be here by 2022, followed by massive market penetration by 2026 and the cars we know and love today then entirely extinct in another 20 years thereafter. Not only that, but insurance costs will drop. People keep emailing me about insurance.

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The Question with AI Isn’t Whether We’ll Lose Our Jobs — It’s How Much We’ll Get Paid

Harvard Business

Automation anxiety is made more acute by a labor market that has tilted against workers over the last 30 years, with increasing income inequality and stagnant real wages. A wage insurance program for all displaced workers will help encourage people to remain attached to the labor force. Insight Center. The Risks and Rewards of AI.

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Seven Charts Explain Why Chicago Bonds Rated Junk

MishTalk

By some calculations, the city is on the hook for as much as $63 billion when pensions, long-term notes, and health insurance obligations are included. By the time payments peak in 2026, they will be four times the 2014 level. Chart #1: Massive Debt Burden Simply put, Chicago is shouldering an enormous amount of debt.

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Blockchain: New Use Cases for Governments and Business

Tom Spencer

Blockchain has already had a significant impact in the finance industry with the global cryptocurrency market cap now exceeding $1 trillion. Bitcoin is the obvious frontrunner in the world of private cryptocurrencies with a current market cap of more than $500 billion. Blockchain looks set to be deployed in many other industries.

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Where Both the ACA and AHCA Fall Short, and What the Health Insurance Market Really Needs

Harvard Business

The question of whether the United States will have functioning markets where individuals can buy health care insurance lies at the heart of the current debate about repealing and replacing the Affordable Care Act (ACA). First, these insurance markets were distressed before the enactment of the Affordable Care Act.