NYDFS SEEKS COMMENT ON ARTIFICIAL INTELLIGENCE GUIDANCE FOR INSURANCE CARRIERS

•   DFS has issued draft guidance that “outlines DFS’s expectations for how insurers develop and manage the integration of external consumer data and information sources (‘ECDIS’), artificial intelligence systems (‘AIS’), and other predictive models to mitigate potential harm to consumers.” •   According to DFS: “The use of external consumer data and information sources (‘ECDIS’) and artificial intelligence systems … Read more