Insurance Regulatory Law | Attorney Zach Steadman: How is technology changing the regulatory landscape? | Mitchell Williams Law Firm
Innovation in practically any form, from AI adoption to new product categories, can have a regulatory ripple effect. Hear from Attorney Zach Steadman on how the Mitchell Williams team partners with clients to adjust business practices, ensure compliance and move forward with confidence.
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“How is innovation reshaping the regulatory landscape?”
Attorney Zach Steadman: As we've seen innovation through AI – or changes in technology or changes in products or changes in the way the products are sold – there could either be additional regulation that is in a specific area, or they could have pulled back on regulation, based on specific needs within a state.
We've got to figure out how the rules and the standards and the statutes that are in place apply to these new innovative areas, particularly in technology like artificial intelligence.
What we really want to do is provide a partnership for our clients. When they come in and they talk to us and they have questions so that we understand their industry, we understand their business. We can help foresee what the issues are and try to head off any potential issues that we've seen based on work with other clients, or our own work in the insurance market, before they really come to see that on their doorstep.