QBE and Beazley are among the groups that have proposed language for cyber insurance policies limiting payouts on AI losses. Insurers say such sublimits make clear that AI-related risks are covered in policies. But brokers and lawyers for corporate insurance buyers said they were concerned that new terms would eventually be used to reduce coverage for a range of emerging AI-related threats beyond LLMjacking.
“We believe that they could potentially restrict cover,” said Kelly Butler, head of cyber UK for broker Marsh, of these types of additions to contracts.
https://www.ft.com/content/12e36e02-7ff9-4a45-9544-872822fe9c97?syn-25a6b1a6=1
