What Has AI Already Cost? AI Losses Through an Insurance Lens
AI losses already run from a $31,000 court sanction to a $1.5bn settlement. The harder question for insurers: who paid?
An employee at engineering firm Arup joined a video call with the company’s CFO and several colleagues, and went on to transfer about $25.6m. Every other person on that call was a deepfake.
That case is one of 65 AI lawsuits, regulator actions, incidents and coverage disputes we track, with price tags running from a $31,000 court sanction to a $1.5bn copyright settlement. They land on almost every line of business. But for the insurance market, the most important number is a different one: in 50 of the 65, there is no public word on whether any insurance policy responded.
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