7 states adopt AI rules; insurer compliance called ‘significant lift’

April 16, 2024 by John Hilton

Seven states are on board with guidelines for use of artificial intelligence that insurers “are expected” to follow.

Adopted by the National Association of Insurance Commissioners and sent to the states in December, the AI framework is an initial regulatory effort to gain oversight over the rapidly evolving technology.

Momentum for AI regulation in the insurance sector “is definitely growing,” said Mary Jane Wilson-Bilik, partner at the law firm Eversheds Sutherland.

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Originally Posted at InsuranceNewsNet on April 11, 2024 by John Hilton.