The claimant allegedly relied on ChatGPT-generated legal guidance and filings, forcing the insurer to incur significant legal costs despite a previous settlement agreement.
The budget outlines support for new insurance solvency rules and greater disclosure standards, but focus on growth sectors—such as low-altitude aviation and autonomous vehicles—will bring new opportunities...
Through generative AI, the system aims to streamline policy reviews, reinforce existing controls, and support consistency across multinational and captive programmes.
The move follows a wave of new insurance offerings and capacity expansions as the insurance industry targets growing data centre opportunity - and risks.
