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Maryland Insurance Administration issues bulletin on use of AIWednesday, April 24, 2024 Maryland Insurance Commissioner Kathleen Birrane issued industry Bulletin 24-11: The Use of Artificial Intelligence Systems in Insurance, which provides regulatory direction to insurance companies regarding their use of artificial intelligence. |
Massachusetts AG issues AI advisoryWednesday, April 24, 2024 Massachusetts Attorney General Andrea Joy Campbell issued an advisory to provide guidance to developers, suppliers, and users of artificial intelligence regarding their obligations under state consumer protection, anti-discrimination, and data security laws.
Oklahoma passes copy charge legislation Wednesday, April 24, 2024 The Oklahoma Legislature passed legislation to direct title insurance producers or title insurers to provide certain requested document copies at no charge at a modified time frame. The bill awaits the governor’s signature.
Property owner sues title insurer after utility easement discoveryMonday, April 22, 2024 An entity that purchased property in Fort Worth, Texas, discovered after the sale that a company had a general utility easement on the property and planned to construct a pipeline on the property. The entity’s title insurer handled the claim, but the parties disputed how it should be handled and the entity filed suit.
FinCEN renews GTOs Monday, April 22, 2024 The Financial Crimes Enforcement Network renewed its Geographic Targeting Orders that require title insurers to identify the natural persons behind shell companies used in non-financed purchases of residential real estate.
Oklahoma passes mortgage release legislationMonday, April 22, 2024 The Oklahoma Legislature passed legislation to provide that a title insurance company can not charge a fee for the filing of a release of mortgage affidavit. The bill awaits the governor’s signature.
Maryland insurance commissioner announces resignation Monday, April 22, 2024 Maryland Insurance Commissioner Kathleen Birrane announced her intent to resign effective June 30 and to return to private practice at DLA Piper, where she was a partner until appointed commissioner in May 2020.
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