As the AI industry expands rapidly, insurers are struggling to offer products that cover legal liabilities from AI safety incidents, according to reports cited in the article. Lawsuits over chatbot harms and copyright in model training are rising, and incidents involving out-of-control AI agents add to litigation risks. Some specialised coverage exists but with limited caps, while optional AI exclusions are spreading in policies. Brokers warn exclusions increase uncertainty and disputes.

Global insurtech company Bolttech Korea said on Tuesday it has launched an integrated device protection service with Lotte Hi-Mart for customers buying the iPhone 18 Pro lineup. The iProtec+ with AppleCare Services package supports repairs for accidental damage and provides a 24-month extended warranty, including battery replacement if performance drops below 80 percent. It also offers loss and theft insurance allowing one device replacement with a 50 percent deductible of the recommended retail price.