“A-Eye” On Coverage: Maximizing Insurance For AI Risks Amid Emerging Exclusions

In Short

The Situation: Artificial intelligence ("AI") is reshaping risk across industries, raising serious potential insurance coverage implications.

The Result: While a number of AI risks are covered under many traditional insurance programs, insurers are introducing AI-specific exclusions.

Looking Ahead: Policyholders should proactively evaluate their AI usage and exposures, their existing insurance programs, and their insurance policy renewals when considering potential AI risks.

As businesses across nearly every industry continue to consider and adopt AI solutions for their operations, policyholders and insurers are evaluating the risks involved with pursuing those solutions. Under many existing insurance programs, AI-related losses continue to fall within the scope of traditional coverage. However, much like what the insurance industry has attempted to do with pollution and cyber risks, insurers are increasingly countering emerging AI risks by introducing AI-specific