Insurers are increasingly excluding artificial intelligence (AI) related claims from corporate policies, citing an inability to price the risks associated with AI decision-making. Major carriers like Great American, Chubb, and W.R. Berkley are seeking regulatory permission to carve out these exclusions, with the Insurance Services Office issuing a standard generative AI exclusion. This move highlights a critical gap in AI governance, as businesses struggle to ensure AI actions are auditable and remain within defined operational limits, leading insurers to deem these risks uninsurable. AI
IMPACT Insurers' withdrawal from AI coverage may force companies to prioritize auditable AI systems and robust governance to manage risks.
RANK_REASON Article discusses the implications of insurance policy changes related to AI, rather than a direct AI release or research finding.
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