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Insuring AI risk

Affirmative AI cover, AI exclusions, silent AI, AI liability, court rulings on AI-caused loss.

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Regulatory filing

AI in Insurance

Anthropic tells investors a catastrophic AI incident could exceed what insurers can cover

Anthropic's IPO registration statement, filed with the US SEC on 26 October, warns that a catastrophic AI incident could be larger than any single insurer, and possibly the whole industry, can underwrite. The AI developer also says the market for AI-specific cover is still young and that it may be unable to buy some AI liability cover on reasonable terms, or at all. Morningstar DBRS said the filing highlights an AI insurance protection gap.

Source: Anthropic, PBC (SEC Form S-1)

Executive comment

AI in Insurance

Marsh chief executive says broad AI exclusions in insurance policies could cause “real confusion”

Marsh chief executive John Doyle warned that broad exclusions of artificial intelligence risk in insurance policies could cause “real confusion and uncertainty”, Reuters reported. Speaking after the broker's third-quarter results, he asked for a more careful assessment of AI exposures and said that there have been very few AI claims so far.

Source: Carrier Management (Reuters)

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