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From supply chain to regulatory enforcement, data privacy, GRC controls, whistleblowers, and risk management strategies. Risk Channel is the only trusted online news source dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the risk industry.

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Risk Channel
North America
UnitedHealthcare 'used faulty AI to deny coverage', lawsuit claims

A federal judge has allowed parts of a lawsuit against UnitedHealthcare to proceed, in which plaintiffs claim the insurer used a faulty artificial intelligence program to deny necessary post-acute care for Medicare patients. Judge John Tunheim of the U.S. District Court of Minnesota ruled that while most arguments were preempted by federal law, two claims — breach of contract and breach of the implied covenant of good faith — can continue. The lawsuit, filed in November 2023, alleges that UnitedHealthcare's AI tool, naviHealth, led to wrongful coverage denials, forcing patients to incur significant out-of-pocket expenses. UnitedHealthcare says the lawsuit is based on “unfounded allegations” and insists medical directors make decisions, not artificial intelligence. “Our number one priority is to ensure patients are receiving the care they need,” UnitedHealthcare said in a statement.

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Risk Channel
UK/Europe
Reeves urges financial services to back emerging markets

Rachel Reeves has urged financial services firms to work with development institutions and within emerging markets. The Chancellor met with firms including Aviva, HSBC and Schroders to call on the industry to seize on growth opportunities and boost London’s position as a leader in development finance. At a roundtable co-hosted with Odile Renaud-Basso, president of the European Bank for Reconstruction and Development, Reeves launched the London Coalition on Sustainable Sovereign Debt, which will be co-chaired by City Minister Emma Reynolds. The coalition will look to bring the government and private sector stakeholders together to boost sustainable sovereign debt financing. Reeves said: “Business and government must work together to seize opportunities in emerging markets and kickstart economic growth,” adding: “The UK’s world-leading financial centre can help countries unlock new opportunities for our brightest and best British companies to create wealth and drive growth.”

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