<h1>Insurance firm promotes AI underwriting for surety bonds to boost infrastructure finance, raising regulatory and data concerns</h1> A private insurance firm released a report and an AI underwriting tool promoting insurance-backed surety bonds to support infrastructure finance, highlighting regulatory evolution, international benchmarks, and proposals to expand underwriting capacity and contractor credit data. A government infrastructure authority signalled operational acceptance of such bonds, increasing market demand. Legal implications include the need for regulatory compliance with insurance and data-protection regimes, scrutiny of AI decision-making transparency and fairness in underwriting, contract enforceability of insurance surety instruments, and potential requirements for issuer licensing and public-procurement rule updates to accommodate broader use.