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Insurance Issues In AI-Related Risks
Most entertainment industry organizations have by now heard the warning bells of risks that come with the use of artificial intelligence technology, from data privacy and cybersecurity threats to potential copyright infringement and discrimination claims. In face of the recent spike in AI-related litigation, such risks could soon prove costly, leaving one last barrier of defense for entertainment companies that use AI: insurance.
While there is no such thing as an AI-specific insurance policy — yet — existing coverage may protect against some of the litigation threats created by artificial intelligence. But as the risk for regulation and waves of lawsuits grow, the extent to which insurers will protect companies is uncertain.
During an "Insurance Considerations for Deploying AI/ML Tools and Technologies" webinar hosted by the law firm Clark Hill, legal professionals highlighted some of the key risks associated with artificial intelligence and the insurability — or lack thereof — of these risks under traditional coverage.
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