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Big Data Algorithms

Carlton Fields

NAIC Groups Carve Up the Mountain at the Winter Meeting

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After strapping on their skis and riding up the lifts, the NAIC groups reported to their events. The results of the events of note for life insurers are as follows...more

McGlinchey Stafford

Will 2024 Be the Year That AI Breaches the Insurance Market?

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As we have seen the rise of broader use of artificial intelligence (AI) with the launch of ChatGPT in November 2022 and the use of other platforms to create images, text, and even legal precedence that does not exist, it...more

McDermott Will & Emery

Investment Opportunities in 2024

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In November, McDermott Will & Emery was pleased to host our annual European Health & Life Sciences Symposium in Paris. Welcoming a large crowd of healthcare professionals, investors and dealmakers for a programme of...more

Eversheds Sutherland (US) LLP

Colorado Division of Insurance adopts final rule on use of big data and predictive models

The Colorado Division of Insurance (CDI) adopted a new regulation on September 21, 2023 (Final Regulation) establishing requirements governing the use of external consumer data and information sources (ECDIS), as well as...more

Bricker Graydon LLP

Artificial Intelligence - There's Nothing Fake About It

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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

McDermott Will & Emery

[Webinar] AI Risk Management 101 - June 29th, 12:00 pm - 1:00 pm ET

McDermott Will & Emery on

Healthcare is rapidly changing, with artificial intelligence (AI) and algorithmic models leading the transformation. In recent years, big data and machine learning algorithms have revolutionized our ability to predict...more

Carlton Fields

A Flurry of Algorithmic Activity at the NAIC 2022 Fall National Meeting

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At the National Association of Insurance Commissioners (NAIC) 2022 Fall National Meeting (Fall Meeting), the various NAIC groups hit the industry with an array of snowballs of various actual and proposed surveys, guidance,...more

Baker Donelson

AI at Work: Employers Must Balance the Power and Peril of Big Data in 2023

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This is the first in a series of alerts that will address what businesses should consider as they navigate employment laws, data privacy and compliance challenges in deploying artificial intelligence to scale their business...more

Carlton Fields

Does Colorado’s Draft Big Data Governance Rule Foretell of a Long Winter or an Early Spring?

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Colorado Senate Bill (SB) 21-169, which became law in 2021, is intended to “hold insurers accountable for testing their big data systems — including external consumer data and information sources, algorithms, and predictive...more

Carlton Fields

California Throws Shade at Insurance Industry’s Use of Big Data and Algorithms

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On June 30, 2022, the California Department of Insurance (CA DOI) released a bulletin titled "Allegations of Racial Bias and Unfair Discrimination in Marketing, Rating, Underwriting, and Claims Practices by the Insurance...more

Carlton Fields

Flowers Sprout in the Consumer Data Regulation Garden

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With spring’s arrival, a bouquet of differing NAIC groups and states is popping up to consider the use of big data and algorithms by insurers, including algorithms based on machine learning. Many are focusing on life...more

Baker Donelson

How Employers Can Begin Preparing for the EEOC's Focus on AI

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For years, employers have increasingly automated the recruiting and hiring process using artificial intelligence (AI) and other algorithmic tools. While there is added value in such automation, researchers have cautioned that...more

Orrick, Herrington & Sutcliffe LLP

10 Steps to Future-Proof Your Artificial Intelligence Regulatory Strategy

Artificial Intelligence (AI) regulation is coming, and companies considering implementing AI or already utilizing AI should be prepared. Below are 10 steps that companies can take now to harness the benefits of AI in a fair...more

Hogan Lovells

AI & Algorithms (Part 4): The FTC’s Guidance on AI

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Although the U.S. has no federal law that specifically regulates artificial intelligence (AI), the Federal Trade Commission (FTC) has indicated that it may be preparing to exercise its consumer protection authority with...more

Carlton Fields

A Rocky Road Ahead for Insurers Using Consumer Data and Models

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The NAIC’s development of guiding principles on artificial intelligence seeks to proactively avoid proxy discrimination, safeguard against other unfairly discriminatory outcomes, and apply risk management to address unfair...more

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

Connecticut Insurance Department Issues Guidance on Big Data Use by Insurers

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

Morgan Lewis - Tech & Sourcing

Recap: Bias Issues and AI

Bias in AI can result from assumptions in the machine learning process, or as a result of data that is imbalanced or incomplete and does not reflect a true representation of the relevant population. Examples of such skewed...more

Spirit Legal

[Webinar] Datenintensive Technologien und Anwendungen rechtskonform gestalten - March 25th, 9:30 am - 3:00 pm CET

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Gerade für Juristen ist Begeisterung für und ein Verständnis von Branchen, Geschäftsmodellen und Technologien – gerade vor dem Hintergrund des Datenschutzrechts und des Gewerblichen Rechtsschutzes – unerlässlich und...more

Proskauer on Privacy

The Future of the FTC: Part II

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A previous blog post discussed FTC Chairwoman Slaughter’s first priority as the newly designated chairwoman – the COVID-19 pandemic. The FTC’s second priority, racial equity, can be broken down into two sub issues. First, the...more

Orrick, Herrington & Sutcliffe LLP

FTC Chairwoman Slaughter Sets Sights on Big Data and Artificial Intelligence Oversight

In her first major remarks as Acting Chairwoman of the Federal Trade Commission (FTC), Rebecca Kelly Slaughter outlined her enforcement priorities under the new administration in a conversation with the Future of Privacy...more

Manatt, Phelps & Phillips, LLP

Considerations in Machine Learning-Led Programmatic Underwriting

Underwriting is critical to insurance profits: Identify, qualify, and quantify the risk that an insurance policy covers and set the premiums across a pool of the policies to cover the risk. It is the original hedge fund, in...more

Cooley LLP

Alert: With New Congress, Passage of Draft Legislation Impacting the Insurance Sector’s Use of Big Data Is Possible

Cooley LLP on

This past summer, Senator Sherrod Brown, a Democratic senator from Ohio and the then-ranking member of the US Senate Committee on Banking, Housing and Urban Affairs, introduced a draft bill that, if enacted, would impact the...more

Association of Certified E-Discovery...

Why We Should Pay More Attention to Deep Learning

In March 2016, Lee Sedol, the Korean Go 18-time world champion, played and lost a five-game match against DeepMind’s AlphaGo, a Go-playing program that used deep learning networks to evaluate board positions and possible...more

Jones Day

JONES DAY PRESENTS®: AI: Security and Privacy Risks with Big Data

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Emerging technology and evolving legal principles collide as artificial intelligence raises more questions than it answers. Privacy, consent/disclosure, repurposing, facial recognition and automated phishing attacks are some...more

Jackson Lewis P.C.

FTC’s Tips On Using Artificial Intelligence And Algorithms

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Artificial intelligence (AI) technology that uses algorithms to assist in decision-making offers tremendous opportunity to make predictions and evaluate “big data.” The Federal Trade Commission (FTC), on April 8, 2020,...more

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