Michael Coburn

Michael Coburn

Eversheds Sutherland (US) LLP

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New York Department of Financial Services proposes a circular letter on the use of artificial intelligence to underwrite insurance

On January 17, 2024, the New York State Department of Financial Services (NY DFS) released for public comment a proposed circular letter (Proposed Letter) to regulate the use of artificial intelligence systems (AIS) and...more

2/5/2024  /  Artificial Intelligence , Consumer Insurance Products , Financial Services Industry , Insurance Regulations , NAIC , NYDFS , Public Comment

Colorado Division of Insurance proposes significant revisions to its draft algorithm and predictive model governance regulation...

On May 26, 2023, the Colorado Division of Insurance (CDI) exposed, for public review and comment, a significantly revised draft of its proposed regulation (the Revised Draft Reg.) addressing the governance and risk management...more

6/15/2023  /  Algorithms , Department of Insurance , Governance Standards , Insurance Industry , Life Insurance , Predictive Analytics , Proposed Regulation , Public Comment , Risk Management
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