AI risks make some insurers wary of corporate liability
According to a RAND Corporation report, insurers are increasingly cautious about covering generative and agentic AI risks, with carriers like W. R. Berkley and industry group Verisk/ISO introducing exclusions into standard corporate policies such as D&O, E&O, and property and casualty. Despite facing hundreds of lawsuits and recorded incidents involving intellectual property, hallucinations, and discrimination, enterprises continue rapid deployment without guaranteed liability protection. This development matters for corporate leadership and finance, as the lack of adequate insurance coverage could force firms to delay AI initiatives to fulfill their fiduciary obligations.
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