Insurance Companies Seek to Limit AI Liability Coverage as Risk of Large Claims Grows
By
gwintrob
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Summary
Major insurance companies including AIG, Great American, and WR Berkley are seeking to limit their liability coverage for AI-related risks as concerns grow about potential multibillion-dollar claims from AI agents and chatbots. The insurers are retreating from providing comprehensive AI coverage due to mounting risks and uncertainty about the scale of potential damages from AI systems.
Key quotes
· 2 pulledInsurers retreat from AI cover as risk of multibillion-dollar claims mounts
AIG, Great American and WR Berkley seek permission to limit liability from AI agents and chatbots
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