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Best Practices for Utilizing AI/ML Tools as NAIC Adopts the Model Bulletin on Use of AI | Fenwick & West LLP - Vimarsana News

Best Practices for Utilizing AI/ML Tools as NAIC Adopts the Model Bulletin on Use of AI | Fenwick & West LLP

At the recent 2023 national meeting of the National Association of Insurance Commissioners (NAIC) in Orlando (November 30 – December 4), the Innovation Cybersecurity and Technology...

Colorado Leads the Way on AI Regulation in the Insurance Industry | Ballard Spahr LLP - Vimarsana News

Colorado Leads the Way on AI Regulation in the Insurance Industry | Ballard Spahr LLP

On November 14, 2023, the Colorado Division of Insurance’s AI insurance regulations went into effect.  Colorado is now the first state in the nation to adopt regulations specifically...

Colorado Proposes Guidance Bulletins for Life Algorithms & Predictive ‎Models Regulation | Locke Lord LLP - Vimarsana News

Colorado Proposes Guidance Bulletins for Life Algorithms & Predictive ‎Models Regulation | Locke Lord LLP

On November 20, 2023, the Division of Insurance of the Colorado Department of Regulatory Agencies (“DORA”), published for a 9 day public comment period two proposed bulletins which...

Colorado Exposes Draft Life Insurance ‎AI Data Testing Regulations for Unfair ‎Discrimination | Locke Lord LLP - Vimarsana News

Colorado Exposes Draft Life Insurance ‎AI Data Testing Regulations for Unfair ‎Discrimination | Locke Lord LLP

On September 27, 2023, the Colorado Division of Insurance (the “Division”) exposed a new proposed regulation entitled “Concerning Quantitative Testing of External Consumer Data and...

Colorado Insurance Division Adopts ‎Proposed Algorithm and Predictive Model Governance ‎‎Regulation | Locke Lord LLP - Vimarsana News

Colorado Insurance Division Adopts ‎Proposed Algorithm and Predictive Model Governance ‎‎Regulation | Locke Lord LLP

On September 21, 2023, the Colorado Insurance Division adopted Regulation 10-1-1 entitled “Governance and Risk Management Framework Requirements for Life Insurers’ Use of External...