AGC Webinar: Managing Risks and Opportunities: The Impact of Artificial Intelligence on the Construction Industry
Artificial Intelligence, or “AI” as it is known, has started to impact our everyday life. However, it’s not necessarily new. Did you know that AI was first introduced in the 1950s? The growth of AI has been significant through the years and is only expected to become more pronounced. In fact, the AI market is projected to grow by over 30% year over year through 2030.
Managing Risks and Opportunities: The Impact of Artificial Intelligence on the Construction Industry
Thursday, Oct. 26, 2023 – 2:00 PM EST
Bethany L. Barrese, Saxe Doernberger & Vita, P.C.
Joe Poliafico, Construction Risk Partners
Emily Short, Baldwin Risk Partners
Kevin Dulaney, Hotwire
Is AI a technical revolution that can help humanity, or will it be our downfall?
It may be too early to draw any definitive conclusion, but as AI starts to evolve and permeate our everyday lives, this webinar will help you understand how it may affect your business, specifically how AI is affecting risk management in Construction.
From insurance carriers to construction companies and everywhere in between, our panel will evaluate several facets of the impact of AI on insurance coverage, underwriting and claims, as well as the use of ChatGPT within an organization and the possible risk/benefits of AI.
This technology is evolving quickly, and it is important to raise issues and be aware of where AI may be going and how your organization can stay ahead of any future issues.
By attending this webinar, participants will be able to:
– Identify the overall impact of AI on our everyday and business lives.
– Describe how Ai is being used by insurance carriers to improve efficiency and risk prediction.
– Discuss how AI could affect insurance coverages moving forward and the effect it will have on underwriting all lines of coverage as well as look at potential legal issues around cyber coverage.
– Consequences of a wrongful failure to defend