Insurers like Great American, Chubb, and W. R. Berkley are seeking to exclude AI-related liabilities from corporate policies due to the risks associated with AI models’ outputs being described as a “black box.” AIG, however, has stated that they are not planning to implement these exclusions at this time. Google, Air Canada, and a design engineering firm have faced significant financial losses due to AI mishaps, raising concerns about systemic risks for insurers.

Read more at Yahoo Finance: AI is too risky to insure, say people whose job is insuring risk