Join Locke Lord, InsurTechNY and InsurTech Hartford for their next InsurTech Legal Academy webinar series on legal and regulatory issues impacting the InsurTech industry. Each quarter, we tackle a new important topic impacting InsurTechs. This webinar will address the potential impact of AI Regulation on InsurTechs and give an overview of recent AI regulatory initiatives at the NAIC, state and federal levels.
Read More Join Us for Our Next InsurTech Legal Academy Webinar: Artificial Intelligence Regulation for InsurTech
Topics
Excess and Surplus Lines Law Manual 2024 Update
By John Emmanuel & Zachary Lerner on
We are happy to provide the 2024 edition of our Excess and Surplus Lines Law Manual. This edition reflects all of the pertinent changes in the surplus lines laws and regulations of the 50 states and U.S. territories during the past year. The website provides you with the ability to click on the states and territories of interest to view the updates, and a PDF of the entire manual.
Read More Excess and Surplus Lines Law Manual 2024 Update
Washington Issues Technical Assistance Advisory 2024-02 Regarding the Use of AI in Insurance
By Paige Waters on
On April 22, 2024, the Washington Office of the Insurance Commissioner issued Technical Assistance Advisory 2024-02 regarding “The Use of Artificial Intelligence Systems in Insurance” (the “Advisory”).
Read More Washington Issues Technical Assistance Advisory 2024-02 Regarding the Use of AI in Insurance
Maryland Issues Bulletin No. 24-11 on the Use of AI in Insurance
Commissioner Kathleen Birrane, Maryland Insurance Administration, on April 22, 2024 issued Bulletin No. 24-11, The Use of Artificial Intelligence Systems in Insurance (the “Bulletin”).
Read More Maryland Issues Bulletin No. 24-11 on the Use of AI in Insurance
Kentucky Issues Bulletin 2024-02 on the Use of AI in Insurance
By Paige Waters on
Posted in Artificial Intelligence, United States
On April 16, 2024, the Kentucky Department of Insurance issued Bulletin 2024-02 to all insurers licensed to do business in Kentucky regarding the Use of Artificial Intelligence Systems in the Business of Insurance effective immediately.
Read More Kentucky Issues Bulletin 2024-02 on the Use of AI in Insurance
Pennsylvania Adopts NAIC Model Bulletin on the Use of Artificial Intelligence by Insurers
By Paige Waters on
Posted in Artificial Intelligence, United States
On Saturday, April 6, 2024, Pennsylvania adopted 54 Pa.B. 1910 based upon the NAIC Model Bulletin on the Use of Artificial Intelligence Systems by Insurers; Notice 2024-04.
Read More Pennsylvania Adopts NAIC Model Bulletin on the Use of Artificial Intelligence by Insurers
Colorado Division of Insurance Holds Second Health Insurance Stakeholder Meeting for Implementing AI Requirements
By Paige Waters on
Posted in Artificial Intelligence, United States
On Tuesday, April 2, 2024, the Colorado Division of Insurance (“Division”) held its second Unfair Discrimination in Insurance Practices – Health Insurance Stakeholder meeting where the Division discussed efforts to develop regulations addressing governance and risk management framework requirements for health insurers’ use of external consumer data and information sources, algorithms, and predicative models. The meeting presented an opportunity for stakeholders to provide comments and insights with respect to their positions on how the Division should proceed.
Read More Colorado Division of Insurance Holds Second Health Insurance Stakeholder Meeting for Implementing AI Requirements
NAIC Model Bulletin on the Use of AI Systems by Insurers Adopted in Eight States
Nevada has adopted the NAIC Model Bulletin on the Use of AI Systems by Insurers along with seven other states, including Alaska, Connecticut, Illinois, New Hampshire, Nevada, Rhode Island and Vermont.
Read More NAIC Model Bulletin on the Use of AI Systems by Insurers Adopted in Eight States
Ethical AI in Insurance: Survey Insights Webinar
By Paige Waters on
Posted in InsurTech, United States
Paige Waters will serve as a panelist at the 2024 Ethical AI In Insurance Survey Insights webinar on March 12, 2024 at 11am ET.
Read More Ethical AI in Insurance: Survey Insights Webinar
JOIN US! 2023 Year in Review & 2024 Trends: AI in the Insurance Industry
By Paige Waters on
Over the next few months, Locke Lord lawyers will tackle some of the most pressing AI concerns in a series of complimentary webinars discussing practical, real-world challenges facing organizations.
Read More JOIN US! 2023 Year in Review & 2024 Trends: AI in the Insurance Industry