“If an AI product goes rogue… we have breach of contract laws… product liability laws… we don’t need a new AI law.”
♫
Said on AI & Beyond
“Review the contract of the software firms and make sure that you've got proper protection… liability there is limited to the value of the contract”
Fall Line Specialty · Profiles in Risk · Rob Reynolds, Founder & CEO and Michelle Middleton, COO at Fall Lines Specialty - PIR Ep. 867
Play from 18:34
18:34
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What was described
Advise agents to review software contracts for AI tools and ensure liability limits exceed the contract value
Said nearby on the same subject
“I definitely think that a comprehensive contract review, especially for large deals, are reviewed together with accounting and finance so that any of these components within the contract are accounted for properly”
♫
Said on FP&A Today
“Most contracts I've seen don't ask that yet... No processing of our data through an AI tool that isn't disclosed and approved in writing.”
♫
Said on Public Risk Management
“That the contract itself is not the moment of truth. And it goes back to this point of value. Where does the value come from?”
♫
Said on Run the Numbers
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