When AI becomes the risk, who will insure it? – Moonstone Information Refinery

When AI becomes the risk, who will insure it? – Moonstone Information Refinery

When insurers first started covering motor vehicles, they had a fairly obvious problem: nobody knew what the risk looked like. In 1904, one of the early motor policies written through Lloyd’s of London reportedly borrowed from marine insurance, describing the car as a “ship on land”. Insurers were dealing with unfamiliar risks, from collisions with horses to engine fires and leaking petrol tanks. There was no long claims history to tell them wha…