Lloyd’s of London has debuted an insurance product for companies dealing with artificial intelligence (AI)-related malfunctions.
As the Financial Times (FT) reported Sunday (May 11), this launch is happening as the insurance industry tries to capitalize on concerns about the risk of losses from AI chatbot errors or hallucinations.
The policies are offered through a startup called Armilla and will cover the cost of court claims against a business if it is sued by a customer or…
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https://www.pymnts.com/artificial-intelligence-2/2025/insurers-begin-covering-ai-mishap-related-losses/
