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Algorithms › Underwriting › Machine Learning

Troutman Pepper Locke

Artificial Intelligence State Insurance Regulation: A Year in Review

Troutman Pepper Locke on

Much of the activity surrounding the state insurance regulation of artificial intelligence (“AI”) in the insurance industry this year was prompted by the NAIC Model Bulletin: Use of Artificial Intelligence Systems by Insurers...more

Bricker Graydon LLP

Artificial Intelligence - There's Nothing Fake About It

Bricker Graydon LLP on

Artificial Intelligence (AI) has become ubiquitous in today’s corporate lexicon. And while much has been said, and written, about AI, the question still remains: what, exactly, is AI? Or, more aptly for this discussion, what...more

Robinson+Cole Data Privacy + Security Insider

Colorado Prepares to Regulate AI and Big Data in Insurance

Robinson+Cole Data Privacy + Security Insider on

Colorado is poised to become one of the first states to regulate how insurers can use big data and AI-powered predictive models to determine risk for underwriting. The Department of Insurance recently proposed new rules that...more

Carlton Fields

Insurers Need to Do Their Homework: Review of the Use of Data, Algorithms, and Predictive Models

Carlton Fields on

On July 6, 2021, the governor of Colorado signed Senate Bill 21-169 prohibiting insurers’ use of external consumer data and information sources (external data), as well as algorithms and predictive models using external data...more

Hinshaw & Culbertson - Privacy, Cyber & AI...

Connecticut Insurance Department Issues Guidance on Big Data Use by Insurers

Hinshaw & Culbertson - Privacy, Cyber & AI... on

The State of Connecticut’s Insurance Department (Department) has issued a Notice reminding all entities and persons licensed by the Department to use technology and Big Data responsibly and transparently and in full...more

McDermott Will & Emery

Awaiting Regulation of AI in Insurance

McDermott Will & Emery on

With the recent news that the Association of British Insurers (ABI) has called for new rules to reflect the increased use of AI and machine learning in the insurance industry, comes a reminder that there is still a...more

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