Trump Names David Sacks as White House AI and Crypto Czar December 6, 2024 By Hadriana Lowenkron and Sarah McBride Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence...
Viewpoint: Are You Covered for AI Risks? November 8, 2024 By Allison R. Burke and William R. Reed You can’t go anywhere without hearing about the impact of generative artificial intelligence on … well, everything. The insurance industry...
SEC to Increase Scrutiny of AI Tools Used by Financial Brokers, Advisers October 22, 2024 By Nicola M. White The US Securities and Exchange Commission’s examiners will step up scrutiny of financial firms’ use of artificial intelligence next year,...
90% of Insurers Have GenAI Budgets; 10% Can Fully Comply With AI Regs October 21, 2024 By Susanne Sclafane Data and technology leaders at insurance organizations are gung ho about using GenAI to increase customers satisfaction, reduce operating costs...
New York Updates Financial Services Cybersecurity Regulation to Address AI Risks October 17, 2024 The New York Department of Financial Services (DFS) has issued new guidance to assist the more than 3,000 financial firms...
FTC Crackdown on Companies Using AI Includes ‘Robot Lawyer,’ Content Generator September 26, 2024 By Chad Hemenway As its authority is routinely questioned, the Federal Trade Commission has filed complaints against five companies it said use artificial...
Michigan DIFS Bulletin Issues Guidance on AI Use in Insurance Industry August 19, 2024 The Michigan Department of Insurance and Financial Services (DIFS) released a bulletin this month addressing the growing use of artificial...
Gallagher Updates Regulation for Artificial Intelligence May 22, 2024 By John Farley Gallagher’s Cyber practice remains laser focused on emerging technology and the potential for increased risks as organizations begin to use...
US Senators Unveil AI Policy Roadmap, Seek Government Funding Boost May 16, 2024 By David Shepardson A bipartisan group of U.S. senators, including Majority Leader Chuck Schumer, called on Wednesday for a big jump in government...
Massachusetts AG Warns AI Systems Subject to Consumer Protection, Anti-Bias Laws April 19, 2024 By Steve LeBlanc Developers, suppliers, and users of artificial intelligence must comply with existing state consumer protection, anti-discrimination, and data privacy laws, the...