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Cyber Insurance News
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🚨 NEW PODCAST 🚨
AI Risk: The Insurance Industry’s Next Ransomware Moment?

AI systems are already running business decisions, customer interactions, and security operations, but who covers the loss when AI fails?
In this new Cyber Insurance News & Information Podcast clip, host Martin Hinton speaks with Erin Kenneally, Founder of Elchemy, about why AI Risk Liability poses an unprecedented challenge for insurers and policyholders alike.
AI Risk: The Insurance Industry Faces a Faster, Bigger Ransomware Repeat
YouTube video by Cyber Insurance News
www.youtube.com
AI Risk Liability: Why AI Failures Break Traditional Insurance Models

AI doesn’t fail the way we expect.

Its errors are stochastic, random, emergent, and impossible to predict using the historical data that traditional risk models depend on.
Her point is simple: Clarity beats surprise. AI is expanding risk faster than current cyber or Tech E&O policies can adapt. Policy wording, underwriting models, and scenario-based coverage need to evolve now before AI repeats ransomware’s costly lessons.
AI Risk: The Insurance Industry Faces a Faster, Bigger Ransomware Repeat
YouTube video by Cyber Insurance News
www.youtube.com
Erin identifies three essential questions every company should ask their broker today:
Are our AI systems explicitly covered under existing policies?
What exclusions or triggers could lead to a denial of coverage?
Do we need a standalone AI endorsement or policy to protect against future exposure?
AI Risk: The Insurance Industry Faces a Faster, Bigger Ransomware Repeat
YouTube video by Cyber Insurance News
www.youtube.com
In this clip from the Cyber Insurance News & Information Podcast, host Martin Hinton speaks with AI risk expert and founder of Elchemy Erin Kenneally, about how businesses can prepare for AI-related losses and close silent gaps in their insurance policies.
AI Risk: The Insurance Industry Faces a Faster, Bigger Ransomware Repeat
YouTube video by Cyber Insurance News
www.youtube.com
AI Risk isn’t theoretical anymore it’s already inside your operation.
As AI systems become part of every business operation, policyholders, brokers, and underwriters face a hard question:
When an AI model fails or makes a decision that causes harm is it actually covered by insurance?