Insurers Seek to Exclude AI Liability from Policies

Major insurers seek to exclude AI liability from coverage amid rising risks. Learn how this impacts corporate policies and AI risk management.

Major insurance companies including AIG, Great American, and WR Berkley are asking U.S. regulators to permit exclusions of AI-related liabilities in corporate insurance policies. The request is driven by concerns over the opaque, ‘black box’ nature of AI model outputs. This development underscores the rising uncertainty in managing AI risks within the insurance industry. Regulators must now balance innovation with effective AI risk management.

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