State regulators

The McCarran-Ferguson Act was enacted in 1945 and regulates insurance at the state level to create a competitive market.

The state's governor and a challenger running for insurance commissioner are calling for a new look at building codes that were weakened by the state's legislature in the past couple years.

Insurance commissioners from Maryland and Montana spoke at the event.

As regulators and insurers work to understand the level of regulatory oversight that is needed for AI innovation, there is a path forward by looking to the recent past. The massive 2015 breach of Anthem’s customer data was a catalyst moment for insurance regulators and led to the Insurance Data Security Model Law now being adopted across the U.S. In this piece, former insurance regulator Jillian Froment lays out five core goals common to AI and cybersecurity that could accelerate the adoption of AI regulation.

The platform aggregates external data on new business and applications into a single repository to sure up enterprise reporting to regulators.

But challenges of implementing the technology include regulatory issues, incomplete data, lack of skilled employees and executive support.

Carrier's ideation analyst discusses proposal coming to vote before NAIC later this month.