A RAND Corporation study on AI's insurability names the carrier's exclusion language, which reaches any actual or alleged use, deployment or development of AI.
RAND Corporation's report The Insurability of Artificial Intelligence catalogs AI-related harms, including incorrect outputs, deepfakes, privacy violations and discriminatory decisions, and describes how carriers are responding. The Register reports that W. R. Berkley has added exclusions to its directors and officers, errors and omissions, and fiduciary liability products, denying coverage for any actual or alleged use, deployment or development of artificial intelligence. Sample size not disclosed; RAND's report catalogs carrier responses rather than surveying a defined population.
The source's own statement, as linked above. Nothing beyond it has been independently checked by us.
This is not a regulatory requirement. RAND is a research organization, and the exclusion described belongs to one carrier's forms, not an industry standard. The policy language itself was not independently reviewed for this item.
Agencies and MGAs placing management liability with W. R. Berkley should check the specimen form quoted on any account for this exclusion and identify what, if anything, still responds to an AI-related claim.
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