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…
- 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.