Murder for Life Insurance – The Black Widows

Murder for Life Insurance – The Black Widows

On April 18, 2008, Helen Golay 78, formerly of Santa Monica, California, and Olga Rutterschmidt 75, formerly of Hollywood, California, were convicted of the murders of two homeless men—Paul Vados in 1999 and Kenneth McDavid in 2005. According to reports, Golay and Rutterschmidt staged Vados and McDavid’s deaths to appear as hit-and-run accidents in order to collect on multi-million dollar life insurance policies they had taken out on the men and became The Black Widow…

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When Chatbots Turn Ugly – the Story of Tay and How Insurtech Could Go So Very Wrong

When Chatbots Turn Ugly – the Story of Tay and How Insurtech Could Go So Very Wrong

Would you buy your life insurance from a profane, insane, hateful conspiracy-spouting teenaged chatbot? Probably not, unless you’re into that sort of stuff. With more and more insurers embracing insurtech solutions and implementing ‘chatbots’ to market their policies to customers, the potential for things to take a horrific turn into the Twilight Zone ramps up as well. As a particularly bizarre example, consider the experience of software giant Microsoft. Late last year the company introduced…

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