InsurTech Council Urges Congress to Let States Regulate Insurance AI

The American InsurTech Council is calling on Congress to allow states to retain authority over the regulation of artificial intelligence in the insurance and annuities sectors.

Scott Harrison, a principal with the council, urged lawmakers to exempt insurance-related AI applications from any federal legislation that might restrict state oversight. He warned that curbing state regulators’ power could undermine consumer protections at a time when AI is reshaping how insurance is developed, priced, marketed, underwritten, and delivered.

“Putting state insurance AI regulators on a leash now could jeopardize consumer protections,” Harrison stated.

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