Markets/Coverages: Beazley Expands Cyber Protection for AI; Huntersure Launches Media E&O

Beazley announced new cyber cover to support businesses manage the risks arising from their own use of AI. Beazley’s latest endorsements respond to risks that can emerge when businesses deploy AI within their own operations.

• An industry-first AI Voluntary Shutdown solution introduces protection for organizations that need to suspend their own malfunctioning AI systems before significant financial and reputational harm occurs.
• AI Regulatory Defence & Penalties cover designed to support clients should their own unintentional misuse of AI lead to regulatory investigations or fines.

The announcement comes shortly after Beazley confirmed its affirmative AI cyber cover.

Huntersure Launches Media E&O Program for Media and Entertainment Risks

Huntersure, a Starwind Specialty underwriting business, announced the launch of its media errors & omissions (E&O) Program, expanding its professional liability capabilities with dedicated primary and excess solutions for media and entertainment risks.

The program provides up to $5 million in limits and is designed for a broad range of media organizations and professionals, including broadcasters, publishers, advertising agencies, authors, sports organizations, and producers.

Huntersure offers occurrence or claims-made primary media E&O forms, along with excess media E&O and the ability to consider blended E&O and cyber excess for media-driven risks.

Coverage can be tailored to an insured’s specific media content and operations, and includes open peril and duty to defend language with 100% defense cost allocation. Additional features include coverage for social media and advertising content, contextual E&O, contingent bodily injury and property damage, automatic additional insured coverage, and coverage for title, music copyright, film clips, and stock footage.

Topics InsurTech Data Driven Artificial Intelligence Cyber New Markets