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Insurance Regulators Sharpen Focus on AI, Machine Learning to Ensure Fairness
Theresa Young, CSAA Insurance Group; Michael Angelina, St. Joseph's College; and Steve Clarke, Verisk, said issues also arise from lack of regulation of third-party vendors, public adjusters, and service providers, which can lead to higher claim payouts than were anticipated in pricing.
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By A.M. Best Company, Inc.Theresa Young, CSAA Insurance Group; Michael Angelina, St. Joseph's College; and Steve Clarke, Verisk, said issues also arise from lack of regulation of third-party vendors, public adjusters, and service providers, which can lead to higher claim payouts than were anticipated in pricing.