Economy

Major insurers AIG and Great American seek to exclude AI liabilities

"Breaking: AIG and Great American seek to exclude AI liabilities from insurance policies amid rising concerns. Discover how this shift impacts the insurance landscape."

BY: 5 min read
Major insurers AIG and Great American seek to exclude AI liabilities
Featured image for: Major insurers AIG and Great American seek to exclude AI liabilities

Major insurers AIG and Great American are seeking permission from U.S. regulators to exclude liabilities related to artificial intelligence (AI) from their corporate insurance policies. This request comes amid growing concerns about the implications of AI technology in various sectors.

The move highlights the evolving landscape of insurance as companies navigate the complexities associated with AI and its potential risks. AIG and Great American are among the prominent insurers addressing these challenges as they adapt their policies to emerging technologies.

For further context on related developments, see recent developments in the economy.

The request from these major insurers underscores the need for regulatory clarity as AI continues to advance and integrate into business operations.

Image for Major insurers AIG and Great American seek to exclude AI liabilities

Image for Major insurers AIG and Great American seek to exclude AI liabilities