What Can Happen If I Use AI as a Condo or HOA Board Member?
Members of association boards must now be on the look-out for certain exclusions to their directors & officers liability policies relating to artificial intelligence. Recently, a large commercial lines insurance company introduced a new “absolute” exclusion to its D&O policies that seeks to eliminate coverage for nearly all claims related to AI-generated content, including using AI-generated content to assist with making complex financial, legal or governance decisions, as well as creating budgets, contracts, declarations, bylaws and more.