Law Firms Taken Aback by the Impact of AI and the Rise of Exclusionson Their Cyberinsurance Policies
January 2, 2024
The Cyberinsurance World is Rocked by AI
That’s a good thing – and a bad thing, especially for law firms. Artificial intelligence is very good at assisting insurers in assessing risk and reducing errors in the application process. In theory, the AI would help insurers pick the plan most suited to the customer’s needs.
The downside is that AI can be problematic as a risk. You may even need to secure specific coverage if you’re using it.