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Finance & Banking · 3 min read

Financial Firms Are Deploying AI Faster Than They Can Govern It, New Report Warns

Ninety-four percent of financial services firms are now running generative AI in core functions — and the compliance frameworks meant to govern those systems weren't designed for what AI can actually do.

Jun 5

Finance & Banking · 5 min read

Insurers Win Approval to Exclude AI Liability From General Policies — And a New Market Is Filling the Gap

State regulators have approved over 80% of insurer requests to exclude AI-related damages from general liability policies, already effective in Florida, Connecticut, and Maryland. A new standalone AI liability market with $2M–$50M limits is emerging to fill the gap.

May 11

Government & Policy · 3 min read

Federal Regulators Carve Out Generative and Agentic AI from Model Risk Rules

The Federal Reserve, OCC, and FDIC have amended their joint model risk management guidance to explicitly exempt generative and agentic AI, giving banks a compliance green light to accelerate AI adoption—but leaving a governance gap critics say remains unfilled.

May 6