Major insurers have recently sought permission from US regulators to offer policies excluding liabilities tied to businesses deploying AI chatbots and agents (Financial Times)
NeutralArtificial Intelligence
- Major insurers, including AIG, Great American, and WR Berkley, have sought approval from U.S. regulators to offer insurance policies that exclude liabilities associated with the deployment of AI chatbots and agents. This request highlights the growing concerns among insurers regarding the unpredictable nature of AI technologies and their potential risks.
- The move to limit liability for AI-related incidents is significant for these companies as it reflects their apprehension about the financial implications of insuring AI technologies. By excluding such liabilities, insurers aim to mitigate potential losses stemming from the deployment of AI systems in various business operations.
- This development underscores a broader trend in the insurance industry, where the rapid adoption of AI technologies is prompting discussions about risk management and liability. As AI systems become more integrated into business practices, the challenges of insuring these technologies are becoming increasingly complex, raising questions about the future of insurance in an AI-driven landscape.
— via World Pulse Now AI Editorial System
