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SC Proposes Rate Cuts for Some Credit Property Insurance South Carolina’s Department of Insurance plans to cut the rates for some credit property insurance, which lenders sometimes require to protect...
States Eying Higher Electricity Rates for Data Centers At least a dozen states are considering ways to make data centers pay more for their power, with evidence mounting that data center demand is driving...
Evers Vetoes Insurance Reg Exemption for Direct Primary Care Doctors Wisconsin Gov. Tony Evers (D) vetoed a bill ( SB 4 ) that would have exempted primary care doctors who provide care to patients who...
A few months ago we reported on state legislation targeting “predictive pricing,” the use of “data analytics, machine learning and algorithms to anticipate market demand and adjust prices...
CA Regulators Complete Review of Wildfire Risk Model California’s Department of Insurance has completed a review of the state’s first wildfire catastrophe model, which property/casualty insurers...
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The European Union’s Parliament approved the AI Act, which could become the first comprehensive regulations for the artificial intelligence industry in the West. Among other things, the act would require generative AI systems like ChatGPT to undergo a review before being commercially released and ban real-time facial recognition. The act has a long way to go before becoming law, with the next step being obtaining approval from EU institutions, including the EU’s 27 member states. (CNBC)
Texas Gov. Greg Abbott (R) signed a bill (HB 5174) allocating $1.4 billion for microchip research and manufacturing initiatives to attract the industry to the state. Samsung and Texas Instruments have already committed to building new facilities there. (PLURIBUS NEWS, TEXAS TRIBUNE, STATE NET)
Democrats in the U.S. House selected Rep. Lou Correa (D-CA) as the new ranking member of the Judiciary Committee’s Subcommittee on the Administrative State, Regulatory Reform and Antitrust. Correa opposed a package of bills targeting large tech companies last session. The subcommittee’s previous ranking Democrat, Rep. David Cicilline (D-RI), was a lead supporter of that legislation. (LAW360)
–Compiled by SNCJ Managing Editor KOREY CLARK
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