Insurers move to cap cyber payouts related to AI and ‘LLMjacking’
Beazley and QBE are among the groups proposing to limit losses from the rapidly advancing technology
Beazley and QBE are among the groups proposing to limit losses from the rapidly advancing technology

Move by Beazley comes as rivals Chubb and AIG maintain or grow their books in US

AIG, Great American and WR Berkley seek permission to limit liability from AI agents and chatbots

Trading in insurance-like products that protect against tech company defaults is booming

Companies paid out £197mn, according to the Association of British Insurers, prior to a string of high-profile attacks

Industry explores raising capital from alternative investors to cover AI mega-projects

There are big differences in the level of risk and likely returns of Big Tech’s spending