Join Locke Lord, InsurTechNY and InsurTech Hartford for their next InsurTech Legal Academy webinar series on legal and regulatory issues impacting the InsurTech industry. Each quarter, we tackle a new important topic impacting InsurTechs. This webinar will address the potential impact of AI Regulation on InsurTechs and give an overview of recent AI regulatory initiatives
Guest Post: Standardizing Early Case Appraisal in Securities Class Actions
The resolution of many securities class action lawsuits would benefit from an economic assessment early in the case process. In the following guest post, Assen Koev argues in favor of a standardization of the initial economic assessment analysis as a way to provide the parties and concerned insurers with a clearer picture of
Guest Post: Navigating Key Insights from the 2024 CLM Study
In the following guest post, Brent Stevens analyzes and summarizes the findings from the 2024 Claims Litigation Management Defense Counsel Study. Brent is a Senior Director at Consilio and leads Consilio’s Insurance Vertical, serving Consilio’s Insurance Industry clients, including carriers, brokers, and their law firms. I would like to thank Brent for allowing
Improving Federal Court Litigation One Alternative Fee Agreement at a Time
I did not intend to return, yet again, to the summary judgment opinion in Sellers as gist for a blog post. Something about it that I haven’t touched on yet, however, keeps overlapping with other developments which caught my attention because of their relationship to long standing interests of mine related to trial work, discovery,
Colorado Legislature Passes U.S.’s First State AI Regulatory Bill
As I have noted on this site in discussing artificial intelligence, among the risks and opportunities that the recent rapid emergence of AI represents for organizations of all kinds are the risks associated with AI-related regulatory oversight and supervision. Until now, references to AI-related regulatory concerns have mostly pertained to the EU’s Artificial Intelligence Act
AI, Risk, and Public Company Disclosures
Since OpenAI launched ChatGPT in November 2022, the race to capitalize on emerging artificial intelligence (AI) technologies has super-charged the financial markets. The stock prices of AI-associated companies, such as Nvidia and Super Micro Computer, have soared. Several AI-related companies — such as, for example, Astera Labs and Rubrik — have recently successfully completed IPOs,
Hire Contenders Not Pretenders—Why Policyholders Have to be Careful Choosing Professionals In an Artificial Intelligence World
The essence of hiring a true contender lies in recognizing and valuing the core attributes of authenticity and expertise. Holly Howanitz is an accomplished insurance defense attorney and the Managing Partner of Tyson & Mendes’ Jacksonville office. She wrote the following on her LinkedIn account, which is an important message for policyholders when choosing professionals …
#MeToo Back in the Spotlight?
I am sure many readers were as surprised as I was by the news last week that the New York Court of Appeals had overturned the disgraced former movie producer Harvey Weinstein’s sexual misconduct-related criminal convictions, apparently due to evidentiary decisions the trial court made. With the #MeToo phenomenon as a result back in
Washington Issues Technical Assistance Advisory 2024-02 Regarding the Use of AI in Insurance
On April 22, 2024, the Washington Office of the Insurance Commissioner issued Technical Assistance Advisory 2024-02 regarding “The Use of Artificial Intelligence Systems in Insurance” (the “Advisory”). The Advisory applies to “all Insurers.” The Advisory is based upon the “NAIC Model Bulletin: Use of Artificial Intelligence Systems by Insurers.”
The post Washington Issues Technical Assistance
Maryland Issues Bulletin No. 24-11 on the Use of AI in Insurance
Commissioner Kathleen Birrane, Maryland Insurance Administration, on April 22, 2024 issued Bulletin No. 24-11, The Use of Artificial Intelligence Systems in Insurance (the “Bulletin”). The Bulletin applies to “all Insurers, Nonprofit Health Service Plans, Health Maintenance Organizations, and Dental Plan Organizations.” The Bulletin follows nearly verbatim the NAIC Model Bulletin: Use of Artificial Intelligence Systems