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AI is too risky to insure, say people whose job is insuring risk

What happens when the software that everyone’s racing to adopt becomes too risky for anyone to insure? According to reporting from the Financial Times, we’re about to find out. Major insurers including Great American, Chubb, and W. R. Berkley are asking U.S. regulators for permission to exclude widespread AI-related liabilities from corporate policies. One underwriter describes the AI models’ outputs to the FT as “too much of a black box.” AIG, also listed in the FT story, has since sent TechCrunch the ...