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Story summary
- American International Group, Inc. (AIG), Great American Insurance Group, and WR Berkley seek U.S. regulatory approval to exclude AI-related liabilities from corporate policies.
- They view AI's unpredictable nature as an uninsurable risk and doubt readiness.
- Incidents of AI errors, including false accusations and fabricated discounts, raise accountability concerns.
- A malfunction in widely used AI models could trigger simultaneous claims across many businesses.
- Industry grapples with AI integration into corporate operations.
