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What happens when the software that everyone’s racing to adopt becomes too risky for anyone to insure? According to reporting from the Financial Times, we’re about to find out. Major insurers including AIG, Great American, and WR Berkley are asking U.S. regulators for permission to exclude AI-related liabilities from corporate policies. One underwriter describes the…
“#AIG gives up $400M in tax credits to settle federal lawsuit” American International Group agreed to give up claims to more than $400 million of foreign tax credits and to accept a 10 percent tax penalty to settle accusations it used abusive tax shelters, the US Department of Justice said Friday. Acting US Attorney Audrey…