ZestyAI use by Texas Department of Insurance Legal news

ZestyAI approved for use by Texas Department of Insurance: Legal news

August 18, 2024 3:55 PM

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ZestyAI approved for use by Texas Department of Insurance

The Texas Department of Insurance approved ZestyAI's suite of severe convective storm products for use in rating and underwriting. The suite of products uses artificial intelligence to predict the frequency and severity of storm claims for properties in the U.S.

Bryan Rehor, director of regulatory affairs at ZestyAI, said in a statement: "This approval gives our carrier partners a significant edge," said Bryan Rehor, director of regulatory affairs at ZestyAI. "Since our models have already been successfully reviewed, subsequent filings will be expedited, leading to faster approvals. This reduces the time and resources our partners need for their own approvals and ultimately increases the availability of high-quality insurance for property owners in Texas."

U.S. sues National General Holdings Corp and subsidiaries

The United States filed a civil complaint in the U.S. District Court for the Western District of Pennsylvania, against National General Holdings Corp., National General Insurance Company, National General Lender Services Inc. and Newport Management Corporation. The complaint alleges that National General forced its collateral protection insurance product on vehicles financed through Wells Fargo, even though borrowers had insurance through other carriers.

U.S. Attorney Eric G. Olshan for the Western District of Pennsylvania, said in a statement: "Today's complaint alleges a long-running scheme to defraud hundreds of thousands of car buyers. For years, these defendants saddled ordinary Americans, including residents of this district, with allegedly unnecessary insurance, leading to dire real-world consequences like repossessed vehicles and other unwarranted collection activities. This enforcement action reinforces an important message: our office, together with our law enforcement partners, will take decisive action to combat fraud in the insurance industry, protect consumers and hold companies accountable for their wrongdoing under federal law."

Former Prudential employee sued for using personal devices

A former Prudential Insurance employee who worked at the company from 2017 to 2021 in their Hartford, Connecticut office, is being sued for using personal devices for work. The employee has been ordered by a judge to provide usernames, passwords, multi-factor identification and credentials for review to determine if any data is located in personal Dropbox, Google Drive and OneDrive.

Rhode Island Data Transparency and Privacy Protection Act passes

Rhode Island passed legislation to establish data transparency. The Rhode Island Data Transparency and Privacy Protection Act would take effect Jan. 1.

"It is the Wild West on the internet in regards to the data they have on all of us that people can do just about anything with," said Senator DiPalma (D-Dist. 12, Middletown, Little Compton, Newport, Tiverton), who chairs the Senate Finance Committee, in a statement. "It allows Rhode Islanders to opt in to what data is collected. This protects our privacy when we're all at risk, and it's a long time coming."