Research
Thesis
April 2026
97% of enterprise leaders expect a material AI agent incident within 12 months. AIG, Chubb, and WR Berkley are filing to exclude AI from existing policies. Here's why retrofitting doesn't work.
Strategy
Cyber insurance went from near-zero to $16B in a decade. Coalition won by building the data layer first. The same arc is coming for agents, on a compressed timeline.
Analysis
A chatbot fabricated a refund policy. A tribunal held the airline liable. Five real incidents that show why existing insurance has no category for what's happening.
