Insurers race to cover AI errors

More than 1 in 5 U.S. companies now use artificial intelligence in their daily operations, according to a recent analysis of federal data from Goldman Sachs. In theory AI offers the promise of greater productivity and profits, but even with advances in capabilities, these systems are still fundamentally unpredictable, creating new liabilities for firms that use them.

That’s where insurance typically comes in. But AI is disrupting that business, too. Deloitte projects insurance for AI will grow into a nearly $5 billion global business by 2032.