How the Law of Large Numbers Impacts Insurance Companies

Discover how the Law of Large Numbers helps insurance companies manage risk and determine premiums, and why it sometimes ...
JD Supra

NAIC adopts principles for trustworthy artificial intelligence in insurance that support the avoidance of proxy discrimination against protected classes

On August 14, 2020, the National Association of Insurance Commissioners (NAIC) adopted a set of principles that will guide the work of insurers and entities, including data providers, that play an ...
JD Supra

Whose shoes? What subrogation means and why it matters

Subrogation is a well-known principle of insurance law, which also affects real estate. It means that an insurer who has settled a claim may then “step into the shoes” of the insured and try to ...
Insurancenewsnet.com

DFS Adopts Emergency Regulation to Begin the Implementation of Principle-Based Reserving for Life Insurers

ALBANY, New York, Dec. 10-- The New York State Department of Financial Services issued the following news release: - Emergency Regulation Affirms the Superintendent's Authority to Require Life ...