Company statement
Korn Ferry says major US business insurers now exclude chatbot and AI-agent liability
A leadership advisory column describes exclusions for AI-driven errors landing in traditional business coverage.
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Company statementAgency · MGA · Carrier
ISO's generative AI exclusion is already on thousands of CGL policies
CG 40 47 has been available since January and is attaching to in-force commercial general liability policies now, Insurance Business reports.
Any commercial book on ISO CGL forms may now carry an uninsured generative AI exposure without the insured knowing it. The endorsement schedule on every renewal is the place to look, and the client conversation is an E&O matter if it is skipped.
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Undeclared AI use is the new blind spot in cyber underwriting, Fintech Global reports
Cyber leaders describe AI as an extension of technology risk rather than a new product, while applications go silent on it.
Company statement
Artificial Intelligence Underwriting Company closes a $40 million Series A
Ribbit Capital led the round for the San Francisco AI underwriting startup, per a trade report.
Findings
All findings ↗What belongs in an agency AI policy, and what is actually required?
Six states read. Most bulletins address insurers; Texas reaches agents; the checklist in trade press is defense counsel guidance.
Your AI policy might be excluded too. Two exclusions, two definitions of AI.
Berkley's absolute form reaches any inferring system; ISO's general liability forms reach generative AI only.
What does “95% accuracy” actually count? Ten vendor claims, as written.
None publishes a denominator. Four questions to put in writing before a demo.
New technology. The same need for sound judgment.
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