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Like many state officials across the country, the National Association of Insurance Commissioners (NAIC) is expressing concern with President Trump’s executive order addressing state AI regulations. The NAIC points out the state insurance regulatory structure fosters consumer-focused regulation hat adapt to new technologies as they emerge. The NAIC contends the President’s executive order could be […]
State policymakers continue to express concern with President Trump’s Executive Order on Artificial Intelligence (AI). The president’s executive order attempts to preclude a “patchwork of 50 different regulatory regimes” through individual states’ efforts to regulate AI. State officials contend, however, that Congress’ failure to act thus far leaves holes in consumer protections. In the insurance […]
Florida Legislature, Office of Insurance Regulation, Florida Insurance Code, AI, artificial intelligence, claims handling, review of claims
As policymakers grapple with the use of Artificial Intelligence (AI) in regulated industries, Insurance Commissioner Mike Yaworsky has encouraged lawmakers to ensure the Office of Insurance Regulation (OIR) can oversee insurers’ AI use. “Responsible AI governance is crucial,” Commissioner Yaworsky recently told the Banking and Insurance Committee of the Florida Senate. Commissioner Yaworsky acknowledged that […]
Florida Legislature, Insurance Regulation News, AI, artificial intelligence, claims handling, SB 794
