What's happening
The new stories show insurers drawing lines around artificial intelligence while others build businesses on it. Marsh's CEO warned that broad AI exclusions in policies could leave buyers uncertain about what is covered, and one startup, Harbor, raised $10 million to insure that gap. Elsewhere, a new property reinsurance MGU, DOXA, launched to fill a quota share gap, Brit widened its cyber distribution through Acturis, and Berkshire Hathaway Specialty Insurance entered Poland. Commentary on how AI is changing insurance technology also continued, with a focus on who owns the data and the tools.
Why it matters
When standard policies step back from AI risk, the cover has to come from somewhere, and specialist carriers and new underwriters are moving in first. Watch whether other insurers follow with similarly broad exclusions, and whether brokers start pressing for clearer wording. Also watch whether the capital going into niche risk and reinsurance capacity keeps pace with demand.