Category: AI insurance

Regulators and Insurers Brace for AI‑Driven Liability as NAIC Framework Nears Adoption

State regulators are tightening oversight while insurers grapple with new exposure from AI agents. The NAIC’s AI Risk Evaluation Supplement, now in version 5.0, expands to cover machine‑learning and large language models, setting a standardized examination framework that…

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Insurers Accelerate AI Risk Management with New Exclusions, Dedicated Policies, and Regulatory Frameworks

Key developments: – Major carriers are beginning to embed AI exclusions in commercial general liability (CGL) policies after the Insurance Services Office released model language in January, with brokers like Arthur J. Gallagher noting the language is “beginning…

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