WSJ – “As generative AI creates new risks for businesses, insurance companies sense an opportunity to cover the ways AI could go wrong…Taking a page from cybersecurity insurance, which saw an uptick in the wake of major breaches several years ago, insurance providers have started taking steps into the AI space by offering financial protection against models that fail. Corporate technology leaders say such policies could help them address risk-management concerns from board members, chief executives and legal departments. “You will find more and more people starting to ask, ‘Who takes the risk? How do you fund it? And can you take care of some of the risk for us?’” said Niranjan Ramsunder, chief technology officer and head of data services at digital technology and information-technology services firm UST. Although it’s still early days, analysts say there is appetite for AI insurance, and major carriers could offer specialized coverage for financial losses stemming from AI and generative AI—a technology still in its early stage of adoption across businesses. Existing liability or cybersecurity policies could also soon be amended for generative AI, though there isn’t yet a clear-cut example of generative AI causing data leakage, for instance, resulting in damages to a business. Business risks associated with generative AI include everything from cybersecurity issues to the potential for copyright infringement, inaccurate or biased outputs and misinformation and the leaking of proprietary company data…”