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Artificial Intelligence

California Passes Generative AI “Training Transparency” Bill

August 30, 2024 By Daniel Felz, Jennifer Everett and Dorian Simmons

On August 27, 2024, the California state legislature passed Assembly Bill 2013 and sent it to Governor Gavin Newsom for signature. If passed, AB 2013 would require companies that make generative AI systems and services publicly available to Californians to post documentation on their website about the data used to train such AI systems and […]

Filed Under: AI, Artificial Intelligence, California, Legislation Tagged With: Artificial Intelligence, California

NYDFS Issues Final Circular Letter Guidance on Use of AI in Insurance Underwriting and Pricing

August 9, 2024 By Daniel Felz, Lance Taubin, Colton Jackson and Hyun Jai Oh

On July 11, 2024, the New York Department of Financial Services (“NYDFS”) released Insurance Circular Letter No. 7, which establishes guidelines on the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing (“Final Circular Letter”). The Final Circular Letter comes in the wake of a […]

Filed Under: AI, Artificial Intelligence Tagged With: AI, Artificial Intelligence, Insurance, Regulatory Enforcement

CISA and JCDC Conduct First-Ever Public-Private AI Security Incident Tabletop Exercise

August 6, 2024 By Daniel Felz and Kim Peretti

On June 13, 2024, the Cybersecurity and Infrastructure Security Agency (CISA) collaborated with the Joint Cyber Defense Collaborative (JCDC) to hold the federal government’s first tabletop exercise for “AI security incidents.  JCDC led the exercise and, true to JCDC’s public-private partnership model, included over 50 participants from various government agencies and private-sector companies. For those […]

Filed Under: AI, Artificial Intelligence, Cyber Risk, Cybercrime, Cybersecurity, Security Breach, Uncategorized Tagged With: AI, Artificial Intelligence, CISA, Cybersecurity

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

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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