Insurance companies in the US, such as Great American and Chubb, are seeking to exclude AI-related liabilities from insurance policies due to the unpredictability of the technology.

Large insurance companies in the U.S., including Great American, Chubb, and W. R. Berkley, are seeking regulators' approval to exclude liabilities related to artificial intelligence (AI) from corporate insurance policies.

This request comes against the backdrop of notable AI failures that have had serious financial consequences, such as a $110 million defamation lawsuit against Google and a $25 million fraud using a deepfake. Insurers are concerned not only about large individual payouts but also about systemic losses, where a wrong decision by an AI model could simultaneously affect thousands of businesses.