High RiskPartially In Effect
AI Compliance for 🛡️ Insurance Businesses in New York
Insurance companies in New York face specific AI requirements under NYC Local Law 144. AI underwriting faces fairness requirements. Multiple states investigating AI discrimination in insurance pricing.
Law
NYC Local Law 144
Deadline
In effect (LL144), 2027 (RAISE)
Penalty
$500-$1,500 per violation (LL144)
Sector Risk
Very High
What Insurance businesses in New York must do
Automated hiring tools require annual bias audits. RAISE Act expands to all AI decision-making.
AI underwriting faces fairness requirements. Multiple states investigating AI discrimination in insurance pricing.
Is your Insurance business in New York compliant?
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