Election Day — November 5, 2024 — approaches with close races and high stakes. We have cleared through the coverage and prognostication for a more insurance-focused outlook. As we settle in Tuesday night with snacks, clicker...more
The National Association of Insurance Commissioners’ (NAIC) Privacy Protections (H) Working Group (the “Working Group”) has continued its charge to draft a new or revised model law aimed at standardizing privacy protections...more
The first half of 2023 saw a flurry of activity in the privacy and data security spaces. We outline below some of the key developments of interest to the insurance industry....more
The “balancing act” of insurance regulation across jurisdictions, policymakers, and stakeholders took center stage at the 18th Annual Networks Financial Institute Insurance Public Policy Summit on May 17 in Washington D.C....more
On May 26, 2023, the Colorado Division of Insurance released a revised draft regulation setting forth governance and risk management framework requirements for life insurers using external consumer data and information...more
Our latest briefing dives into the public launch of the NIST’s long-awaited AI Risk Management Framework, the EEOC’s new plan to tackle AI-based discrimination in recruitment and hiring, and the New York Department of...more
Election outcomes affect every industry. Insurance, however, is unique in the range of elected policymakers who can impact it directly — insurance commissioners, governors and Congress (not to mention state legislatures and...more
Our team will be on the ground in Santiago, Chile for the International Association of Insurance Supervisors (IAIS) Annual Conference from November 10-11. This year’s theme is “Changing landscape: the role of the insurance...more
Our latest briefing examines the latest signal that the Federal Trade Commission is considering rulemaking, a groundbreaking settlement between the Justice Department and Meta over allegedly discriminatory algorithms,...more
Our latest briefing explores the NAIC’s efforts to address algorithmic bias, the Colorado Division of Insurance’s latest stakeholder session on external consumer data and algorithms, and a private-sector solution for...more
Faegre Drinker’s insurance team will once again be well-represented at the National Association of Insurance Commissioners’ Spring National Meeting from April 4-8 in Kansas City. As pandemic restrictions ease, we expect broad...more
The federal government continues to weigh in on artificial intelligence, algorithmic fairness and related issues. In the latest artificial intelligence briefing, we analyze recent events in Washington, D.C., and also track...more
As more organizations use artificial intelligence and algorithms to drive decision-making processes, policymakers are beginning to address concerns about these tools — including their lack of transparency and potential for...more
Colorado Senate Bill 21-169 passed its first test on May 3, 2021, as the Senate Business, Labor & Technology Committee approved a strike-below version of the bill by a 4-3 margin. The revised bill would...more
The National Association of Insurance Commissioners’ (NAIC) Special (EX) Committee on Race and Insurance met during the virtual Spring National meeting on April 12 to discuss its recently proposed 2021 charges. The lengthy...more
Biden administration priorities, NAIC direction, diversifying the talent pipeline in the insurance space and the insurance industry’s response to the COVID-19 pandemic were among the issues covered during the 16th annual...more
At this point in the election cycle, we would be traditionally talking about the elections in the past tense. But among the many unique and interesting aspects of the 2020 elections is that the outcomes are still coming in,...more
We are less than a week from a presidential election, with control of Congress in play. Meanwhile, shifts in state legislatures have the potential to change the direction of policymaking and impact the redistricting process....more
State insurance departments across the country are continuing to provide guidance in response to the coronavirus outbreak. Faegre Drinker has aggregated a list of current guidance from state departments of insurance...more
State insurance departments across the country are continuing to provide guidance in response to the coronavirus outbreak. Faegre Drinker has aggregated a list of current guidance from state departments of insurance...more
State insurance departments across the country are continuing to provide guidance in response to the coronavirus outbreak. Faegre Drinker has aggregated a list of current guidance from state departments of insurance...more
As the run-up to the 2020 presidential election gathers steam, it’s easy to gloss over the major gubernatorial and insurance commissioner races slated for Fall 2019. These oddly scheduled elections (we’ve nicknamed them the...more
Last November’s election saw four newly elected insurance commissioners and 20 new governors (seven of which represent a shift from Republican to Democratic party affiliation). Meanwhile, influential insurance commissioners...more
Election Day is less than six weeks away, and a lot of attention is being paid (rightfully so) to the federal midterm and gubernatorial elections. But if you’re in the insurance industry, odds are you’re eyeing the...more