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Policy & Regulation

Anthropic warns its AI could end humanity - and Canadian insurers are in the line of fire

Insurance Business ·

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Summary

Anthropic’s IPO filing warns that Claude could pose “catastrophic or existential risks” and says it is unclear where liability lies when its AI agents act for users. That uncertainty matters to Canadian insurers and businesses using Claude: existing policies may not clearly cover harm caused by autonomous systems. The filing says Anthropic had US$80.7 billion in first-half losses against US$16.3 billion in revenue and is seeking a Nasdaq valuation above US$1.8 trillion. Bill C-27’s proposed AI rules have not passed, so insurers are being urged to review policy wording and clients’ AI use now.