James Sherer Remarks on New York Telling Insurers to Test AI for Compliance with Consumer Protection Laws

Partner James Sherer is quoted in a Law360 article titled "NY Tells Insurers to Test AI For Discrimination Before Use." Published July 11, 2024, the article highlights an insurance circular letter sent by the New York Department of Financial Services recommending insurers avoid using AI for underwriting or pricing unless they can demonstrate that the data and criteria are supported by actuarial standards and do not discriminate against protected groups.

Read the article.