{"topic":"errors-and-omissions","title":"errors and omissions","url":"https://theexchange.tech/archive/errors-and-omissions","description":"Dispatches on errors and omissions for AI agents in financial services.","questions":[],"count":1,"startHere":[],"articles":[{"title":"Regulators wrote agentic AI out of scope. Underwriters wrote it out of the policy.","url":"https://theexchange.tech/articles/regulators-wrote-agentic-ai-out-of-scope-underwriters-wrote-it-out-of-the-policy","json":"https://theexchange.tech/articles/regulators-wrote-agentic-ai-out-of-scope-underwriters-wrote-it-out-of-the-policy.json","excerpt":"On 1 January 2026, ISO published three generative-AI exclusions for general liability, and W.R. Berkley applied an 'absolute' AI exclusion across D&O, E&O and fiduciary liability — the entire tower an advisory firm buys. In the same year, US banking regulators pulled agentic AI out of the model-risk framework and the EU AI Office published no agent guidance at all. Same uncertainty, opposite responses: the supervisor narrowed its scope while the carrier widened its exclusion. Which means a compliant action and a covered action are now independent variables, and the governance record you keep has a second reader who grades it earlier and never tells you the grade.","publishDate":"2026-09-14","author":"Hugh Mercer","topics":["risk-humility","liability","insurance","errors-and-omissions","governance","fiduciary-duty"]}]}