Major insurers including AIG, Great American, and WR Berkley are asking U.S. regulators for permission to exclude AI-related liabilities from corporate policies. One underwriter describes the AI models’ outputs to the FT as "too much of a black box."
It’s so insane that it’s legal to use AI to deny claims just as a black box. We’re so cooked
That’s because there isn’t any direct oversight of insurance companies. The customer has to sue over a wrong denial.