Law and regulation

A labor and employment attorney explains how gig worker classification will continue to be an issue for employers.

Disputes about insurance liability for cybersecurity software failures bring up possibilities for public policy and regulation.

The European Union is enacting the most comprehensive guardrails on the fast-developing world of artificial intelligence after the bloc's parliament passed the AI Act on Wednesday.

NAIC, the association of state insurance regulators, has issued a 90-day call for collection of property and casualty coverage data at a zip code level of detail, to better understand climate change effects on the market. The group expects the call to yield insight on insurance availability and affordability.

NAIC shares 2024 strategic priorities and other insurance legal news out of Georgia and Florida.

Insurers should look at governance policies, operations methods and modeling to pre-emptively keep bias and drift out of AI handling of underwriting and pricing, an expert on the technology recommends.

The Guaranteeing Overtime for Truckers Act aims to level the financial playing field for truck drivers.

Risk analytics essential to equip P&C insurers in California with the capabilities to precisely identify, evaluate and price risk.

Insurers can help companies to develop risk management plans, conduct compliance audits, and provide training on relevant regulations.

A new report from Forrester examines the risks, innovations and technology landscape for insurance.

In a report published Monday, the International Association of Insurance Supervisors outlined key areas where supervisors can help improve the affordability, availability and uptake of insurance against natural disasters.

It is essential to keep in mind several regulatory considerations regarding data, cybersecurity, fairness and inclusion to stay ahead of the evolving supervisory and regulatory trends.

Both commercial and homeowner insureds may have to turn to parametric insurance to cover losses as carriers leave markets and force states to cover the burden.

(Bloomberg) --California's insurance commissioner announced a new regulatory plan backed by the industry that would allow insurers to factor future climate risks into their pricing and require them to offer more coverage in fire-prone areas.

The CEOs of Alphabet Inc., Microsoft Corp., Meta Platforms Inc. and OpenAI were invited to appear alongside rivals and industry critics to discuss possible guardrails for AI that balance the risks and rewards of the technology.

The US Department of Labor has until December to tell Congress whether to update a policy advising pension plans to choose the "safest" option when transferring obligations — unless doing otherwise would be in the interest of participants.

US lawmakers on Thursday questioned how new rules for artificial intelligence can protect against the technology's risks without reinforcing the early advantages enjoyed by tech giants such as Microsoft and Google.

Digital Insurance spoke with Sarah Downey, managing director, blockchain advisory leader and financial services claims leader at Lockton Companies, the global insurance brokerage firm.

At an April 6 meeting, stakeholders in implementing a new state law discussed early requirements and more.

The NAIC is drafting a model bulletin on artificial intelligence use and Colorado continues to move forward with its rulemaking under the Colorado Privacy Act.