What Is Unfair Discrimination in Insurance?
The standard rating law holds that insurance rates shall not be “excessive, inadequate, or unfairly discriminatory.” But what exactly does “unfairly discriminatory” mean? Our presenters—award-winning teacher and scholar Daniel Schwarcz, former Illinois Director of Insurance Nat Shapo, and Brian Mullen, chairperson of the task force currently revising ASOP No. 12, Risk Classification (for All Practice Areas)—discussed the current regulatory infrastructure relating to unfair and unlawful discrimination in insurance and the challenges presented by the increased use of “big data” and AI-enabled systems.
Event Date
May 26, 2022 1:00:00pm
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