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EVENT TIMELINE

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COMPANIES · 1 SOURCE · The Decoder

Insurers warn of multi‑million claims as AI agents spin out of control

The Financial Times reports insurers are preparing for potentially multi‑million dollar claims tied to AI agents that behave unpredictably, with questions looming over directors-and-officers liabilities for executives such as OpenAI's Sam Altman. Brokers and insurers including Verisk, Aon and Hiscox say they are assessing risks across cybersecurity, IP and tech-failure coverages, but note there is little case law yet to guide outcomes.

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STARTUPS · 1 SOURCE · TechCrunch AI

Outmarket raises $34.5M Series B to expand its AI paperwork automation for brokers

Outmarket, an insurtech founded by ex‑Ethos product lead Vishal Sankhala, raised a $34.5 million Series B led by SignalFire with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital and Dash Fund; the round follows a $17M Series A four months earlier and values the company at about $355 million, according to a person familiar with the investment. The startup builds an AI layer to automate administrative paperwork for commercial insurance agencies and brokers, says it has attracted over 300 agencies (including ~25% of the top 100) since launching a new product 14 months ago.

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