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 global health services company settled charges with the DOJ to resolve a series of False Claims Act actions being pursued by numerous U.S. attorney’s offices across the country.
Senators John Thune (R-SD) and Tim Scott (R-SC) protested "recent climate related actions taken by the Department of Treasury's Federal Insurance Office.".
The effective date for the Federal Reserve Board's new framework for the supervision of insurance activities engaged in by depository institution holding companies will be November 3, 2022.
The Federal Reserve Board adopted a final framework for the supervision of any depository institution holding company that (i) is an insurance underwriting company or (ii) has over 25 percent of its consolidated assets held by insurance underwriting subsidiaries.