The New York State Department of Financial Services proposed guidance on the use of "artificial intelligence systems and external consumer data and information sources in insurance underwriting and pricing."
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A group of Republican Senators led by Senator Mike Lee (R-UT) asked FERC for information on whether index investment funds making investments in public utilities were truly passive or were attempting to influence the management of the utility companies to pursue a climate agenda.
The New York Department of Financial Services recovered more than $60 million as a result of consumer and health care provider complaints filed in 2021.
President Joseph R. Biden signed an "Executive Order on Ensuring Responsible Development of Digital Assets," which outlined a "first ever, whole-of-government approach" to address the risks and potential benefits of digital assets.
Treasury's Federal Insurance Office joined the "Network of Central Banks and Supervisors for Greening the Financial System." FIO said it will issue a climate report on insurance supervision and regulation by the end of the year.