AI Implications in the Insurance Industry

Join us for a Big I MN West Metro region event! All Big I MN members are welcome to attend.

Explore the transformative potential of Artificial Intelligence in the insurance industry in this engaging seminar. Starting with a big-picture overview of AI, including its capabilities and challenges, the session highlights groundbreaking advancements like the deciphering of the Herculaneum Scrolls. Participants will delve into the benefits AI brings to underwriting, claims processing, and fraud detection, while also examining critical pitfalls and ethical considerations, such as data protection, regulatory compliance, and the need for transparency. The seminar wraps up with an analysis of the current legal and regulatory landscape, including notable lawsuits and emerging guidelines, and a practical look at how AI is evolving in handling coverage questions. Gain insights to navigate AI's rapid advancements and its implications for the future of insurance.

Event Sponsors:

Speaker: Rick Pitts, Arlington Roe

Richard S. Pitts is a private practice attorney in the insurance industry.  Rick serves as Vice-President and General Counsel to Arlington/Roe & Co., Inc., an insurance brokerage and managing general agent headquartered in Indianapolis.  Rick also serves as general counsel to the Independent Insurance Agents of Indiana, Inc., as well as its sister organization in Kentucky.  Rick speaks annually at the “Roadshows” in Kentucky and Indiana’s Agency Compliance Seminars and presents various seminars on insurance and employment related matters.  Rick is also the Executive Vice-President of the Mutual Insurance Companies Association of Indiana, Inc. (MICAI) Pitts has also presented continuing education seminars to insurance professionals nationally through industry groups including the National Alliance for Insurance Education and Research.

Rick is a 1983 graduate of Wabash College and a 1986 graduate of the Indiana University McKinney School of Law.  Pitts clerked for the Honorable Patrick D. Sullivan, a judge of the Indiana Court of Appeals in 1986-87.  Rick is admitted to practice before Indiana state and federal courts, the United States Supreme Court and the United States Court of Appeals for the Seventh Circuit and is a member of local, state and national bar associations.  Pitts has tried multiple cases and participated in over seventy appeals.

Pitts is the recipient of the “Excellence in Continuing Legal Education Award” from the Indiana Continuing Legal Education Forum (ICLEF), having served as a panelist and lecturer on a variety of continuing education subjects.  Pitts has co-authored two articles appearing in the Indiana Law Review.