Experts warn insurance industry to buckle up for AI regulation, litigation
July 3, 2024 by Rayne Morgan
With litigation related to the use of artificial intelligence expected to increase, industry experts are strongly recommending American insurance companies to prepare themselves before that reality takes hold.
“Given our litigious society, it’s just a fact of life that, as an insurance company, if you’re going to be using AI, you’re going to be, unfortunately, subjecting yourself to at least some amount of regulatory litigation and reputational risk,” Scott Kosnoff, partner, Faegre Drinker Biddle & Reath, LLP, said.
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