Day: March 23, 2026

AI Compliance and Legal Risks in Insurance: Are You Prepared?

In January 2026, the New York Department of Financial Services imposed over $82 million in fines on insurers, highlighting the urgent need for compliance amidst rapid regulatory changes surrounding AI. Insurers must ensure their AI systems can explain decisions clearly to avoid significant legal liabilities and maintain trust with regulators and policyholders.

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