- Leading U.S. insurers, including AIG and Great American, are requesting regulatory approval to omit AI-related liabilities from their corporate insurance policies.
- Insurers express concerns over the unpredictable nature of AI technologies, which complicates risk assessment.
- This move highlights the growing apprehension in the industry regarding the potential financial implications of AI advancements.
Insurers seek to exclude AI liabilities from coverage due to high risks
Leading U.S. insurers, including AIG and Great American, are requesting regulatory approval to omit AI-related liabilities from their corporate insurance policies. Insurers express concerns over the unpredictable nature of AI technologies, which complicates risk assessment. This move highlights the growing apprehension in the industry regarding the potential financial implications of AI advancements.