New York State is proposing guidance for insurance carriers to prevent unfair discrimination in their use of artificial intelligence and external data sources in underwriting and pricing.
A circular letter from Superintendent of Financial Services Adrienne A. Harris outlines the responsibilities of insurers to make sure that their uses of artificial intelligence (AI) and external consumer data and information sources (ECDIS) do not violate laws against unfair discrimination. The department is seeking feedback on the proposal.
Harris said that the Department o