On June 30, 2022, the California Department of Insurance released a Bulletin which places several limitations on the use of Artificial Intelligence (“AI”) and alternative data sets (“Big Data”) by the insurance industry. The Bulletin states that the Department is aware of recent allegations of racial discrimination in marketing, rating, underwriting and claims practices by… Continue reading California Restricts Insurers’ Use of AI and Big Data
Tag: big data
Another Way to Pay for Infrastructure Projects: Smart Data
It’s no secret that the roads, bridges, water and sewer systems that have shaped how our communities developed over the last century are, in too many cases, operating on borrowed time. Infrastructure is — after all — the collective of services that allows a society to function. In its recently released infrastructure report card, the… Continue reading Another Way to Pay for Infrastructure Projects: Smart Data
How Are Tech-Savvy Insurance Companies Mining Consumer Data Gold?
Concerns Over Data Mining Google has been sued by the Attorney General of New Mexico. The state is accusing the search engine of data mining through its low-cost educational software, in particular of siphoning information about children under the age of 13, including their passwords, Internet history and location. Google denies the allegations, but the… Continue reading How Are Tech-Savvy Insurance Companies Mining Consumer Data Gold?