Law and regulation

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.

The Colorado Division of Insurance proposed new rules that would require state-licensed life insurers to provide an inventory of all AI models they use.

While depositors will be made whole under an extraordinary move by regulators, a fire sale of the entire bank and advisors fleeing to competitors create new challenges.

The Biden Administration should investigate and regulate how companies use technology to surveil and punish workers.

Protecting cryptocurrency companies is a challenge for commercial insurers.

The model law establishes regulatory standards for the pet insurance industry.

After reviewing the claims data from 2019 to 2021, Embroker uncovered some interesting trends and shifts that can help insurers predict the types of claims that businesses will most likely continue to see in 2022.

The most common reason why business executives didn’t purchase executive risk coverages, like D&O, EPL and Fiduciary Liability, was that they didn’t believe the company was big enough to need it, according to a recent study from Coalition, a commercial insurtech.