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Final month, the California Division of Insurance coverage despatched a survey to greater than 50 property & casualty insurers to assemble details about the usage of automated determination instruments in score, underwriting, claims dealing with, fraud detection, advertising loss prevention and different operative areas. Automated determination instruments throughout the scope of the survey embody large information, synthetic intelligence and machine studying instruments. Whereas particular person responses to the survey are confidential, the Division could later publish amalgamated info that’s de-identified. And, for the reason that survey additionally seeks info that will help the Division in creating steering or a regulatory framework, it’s doable that de-identified outcomes of the survey might ultimately discover their approach right into a Assertion of Causes for some future proposed rulemaking.
Locke Lord is monitoring developments on this shortly creating house. When you’ve got questions, please contact your Locke Lord relationship associate or the writer.
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