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NYDFS Releases Circular Letter on Use of AI in Insurance Underwriting and Pricing

February 1, 2024 By Kim Peretti, Daniel Felz, Lance Taubin and Colton Jackson

On January 17, 2024, the New York State Department of Financial Services (“NYDFS”) issued a proposed circular letter for comment regarding the “Use of Artificial Intelligence Systems and External Consumer Data and Information Sources in Insurance Underwriting and Pricing” (the “Circular Letter”). The Circular Letter details NYDFS’ expectations and guidelines for the use of artificial […]

Filed Under: AI, Artificial Intelligence, Regulation Tagged With: AI, Artificial Intelligence, Insurance, National Institute for Standards and Technology (NIST), NYDFS

National Cyber Security Centre Forecasts Upcoming Cyber Threats with AI Use for Attacks

January 26, 2024 By Kim Peretti and Alysa Austin

On January 24, 2024, the U.K.’s National Cyber Security Centre (NCSC) released a new report, The near-term impact of AI on the cyber threat, detailing how Artificial Intelligence (AI) will impact the effectiveness of cyber operations for 2025 and beyond. According to the report, threat actors are already using AI in cyber attacks and the […]

Filed Under: AI, Artificial Intelligence, Cyber Espionage, Cyber Risk, Cybercrime, Cybersecurity, Digital Crimes, Ransomware

Companies Prepare for Change as EU Legislators Agree on EU Artificial Intelligence Act

December 10, 2023 By Paul Greaves and Wim Nauwelaerts

On December 8, 2023, following marathon negotiations, European Union (‘EU’) legislators reached a political agreement on the much-anticipated EU Artificial Intelligence Act (‘AI Act’). The AI Act is billed as the first comprehensive legal framework on AI systems worldwide, and will impose obligations on both private and public sector actors which develop, import, distribute, or […]

Filed Under: AI, Artificial Intelligence, International, Legislation, Regulation Tagged With: AI, Artificial Intelligence, EU Regulation, European Union (EU)

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