U.S. Business Owners Seek Higher Insurance Coverage as AI, Election Risks Loom, Survey Shows

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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. Generative AI, which aims to create human-like interactions by processing vast amounts of data, is expected to be integrated into workplaces across industries from technology to financial services

Meanwhile, the U.S. is also headed for presidential election which pits former president, Republican Donald Trump, against President Joe Biden.

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