US business owners seek higher insurance coverage as AI, election risks loom, survey shows

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Presidential Election,Generative AI,J. Patrick Gallagher

Artificial intelligence and U.S. election have emerged as significant risks to businesses this year with an overwhelming 80% of owners worried their...

- Artificial intelligence and U.S. election have emerged as significant risks to businesses this year with an overwhelming 80% of owners worried their insurance will not cover a specific loss, a survey by insurance brokerage Gallagher showed on Wednesday.Companies are racing to build AI into their products.

Despite the benefits of the technology, business owners are concerned about risks from exposure to sensitive information, regulation and redundancies in workplaces, it found. According to Gallagher's findings, 91% of those surveyed worry about natural disasters and catastrophes affecting their businesses, while another 69% are concerned about potential cyber attacks."Businesses need to be familiar with regulatory risks and potential liability related to copyright infringement, data bias and intellectual property," said Chairman and CEO J. Patrick Gallagher told Reuters.

Hunter Biden is now officially the first son of a sitting president to be convicted of a crime. And while the landmark verdict during an election year might seem like a surefire way to excite Donald Trump supporters, the MAGA nation is still steaming mad about it online.Because, of course, they are.

 

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