Insurers must verify that their use of consumer data and artificial intelligence isn't discriminatory, according to a state Department of Financial Services memo dated July 11, and will be held ...
M Nagaraju, DFS Secretary, highlights the urgent role of AI and Generative AI in revolutionizing the financial sector.
California is taking aim at algorithms used by insurers to make prior authorization and other coverage decisions with a new law that will put limitations on how artificial intelligence (AI)–generated ...
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