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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 […]
Senate Bill 708, now Chapter Law 2014-86, is perhaps best known for the Homeowners Claims Bill of Rights that personal lines residential insurers will be required to send to policyholders within 14 days of receiving claims. However, the Bill of Rights requirement does not take effect until October 1, 2014. In the meantime, other aspects […]
The 2014 legislative session is drawing to a close, but in some respects this only means the political process will shift forums. Florida’s 60-day legislative session has only a week remaining. The last week is always the most active, with bills that have not yet passed being in a do-or-die situation for this year. Among […]
