ethics
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Who covers AI business blunders? Some insurers cautiously step up
The Straits Timesยท7 days ago
Insurance companies are introducing 'absolute AI exclusion' clauses that completely deny coverage for AI-related incidents and business failures. This creates a concerning gap where companies deploying AI systems may have no financial protection when those systems cause harm or fail, potentially leaving victims without recourse and companies without incentive to invest in safety measures.
insuranceliabilitycorporate responsibilityAI exclusionsfinancial protectionbusiness risk