Source: Hunton Andrews Kurth

Hunton Andrews Kurth discusses the emergence of affirmative insurance coverages specifically designed for risks related to artificial intelligence. The blog highlights how the insurance industry is evolving to address novel liabilities and exposures arising from AI applications in various sectors.

The article explains the features of these new insurance products and their role in helping businesses manage AI-related risks, including operational failures and regulatory compliance. It also considers the challenges insurers face in underwriting AI risks due to the complexity and unpredictability of the technology. The blog suggests that such coverage will be increasingly important as AI adoption expands, serving as a financial safety net to encourage responsible innovation.