Law Firms Have Malpractice Insurance. Should Their A.I. Agents?
Published . Updated .
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Crosby, an A.I. law firm, bought it for them. The move speaks to a nascent gap in coverage as major insurers grapple with risks related to artificial intelligence.
Directly affected
- No company is named in this report.
Indirectly affected
- XLF Financial Select Sector SPDR-1.5% 30d
Financial Select Sector SPDR: it holds insurers. Linked by “insurance” (insurers) in this story.
- QQQ Invesco QQQ-9.8% 30d
Invesco QQQ: it holds the big tech and AI names. Linked by “artificial intelligence” (AI and big tech) in this story.
- CB Chubb+10.2% 30d
Chubb (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurance” (insurers) in this story.
- TRV The Travelers Companies+8.5% 30d
The Travelers Companies (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurance” (insurers) in this story.
- AIG American International Group+8.6% 30d
American International Group (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurance” (insurers) in this story.
- MRSH Marsh & McLennan Companies+22.4% 30d
Marsh & McLennan Companies (insurance agents, brokers and service): insurers pay claims and price policies around events like this. Linked by “insurance” (insurers) in this story.
- MSFT Microsoft+3.9% 30d
Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “artificial intelligence” (AI and big tech) in this story.
- GOOGL Alphabet-15.6% 30d
Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “artificial intelligence” (AI and big tech) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLF | +0.66% | +3.52% | base | after close | after close | after close | after close |
| QQQ | +3.80% | +5.39% | base | after close | after close | after close | after close |
| CB | +1.08% | +2.50% | base | after close | after close | after close | after close |
| TRV | +0.92% | +3.55% | base | after close | after close | after close | after close |
| AIG | +5.99% | +5.07% | base | after close | after close | after close | after close |
| MRSH | +0.30% | +2.69% | base | after close | after close | after close | after close |
| MSFT | -4.44% | +4.80% | base | after close | after close | after close | after close |
| GOOGL | -1.99% | +1.50% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Crosby, an A.I. law firm, bought it for them. The move speaks to a nascent gap in coverage as major insurers grapple with risks related to artificial intelligence.
Source: The New York Times
This story
| Company | When | Move | Status |
|---|---|---|---|
| AIG | three days earlier | +5.07% | final price |
| AIG | five days earlier | +5.99% | final price |
| CB | three days earlier | +2.50% | final price |
| CB | five days earlier | +1.08% | final price |
| GOOGL | three days earlier | +1.50% | final price |
| GOOGL | five days earlier | -1.99% | final price |
| MRSH | three days earlier | +2.69% | final price |
| MRSH | five days earlier | +0.30% | final price |
| MSFT | three days earlier | +4.80% | final price |
| MSFT | five days earlier | -4.44% | final price |
| QQQ | three days earlier | +5.39% | final price |
| QQQ | five days earlier | +3.80% | final price |
| TRV | three days earlier | +3.55% | final price |
| TRV | five days earlier | +0.92% | final price |
| XLF | three days earlier | +3.52% | final price |
| XLF | five days earlier | +0.66% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Maria Elvira Salazar sold Chubb (CB), worth $1,001 - $15,000 on 24 Sep 2026. That is 44 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chubb (CB) (jointly held), worth $1,001 - $15,000 on 23 Sep 2026. That is 45 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Chubb (CB) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 64 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold American International Group (AIG), worth $15,001 - $50,000 on 28 Aug 2026. That is 71 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Kevin Hern sold Marsh & Mclennan Companies (MRSH) (jointly held), worth $50,001 - $100,000 on 23 Sep 2026. That is 45 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Marsh & Mclennan Companies (MRSH) (jointly held), worth $50,001 - $100,000 on 17 Sep 2026. That is 51 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Marsh & Mclennan Companies (MRSH) (jointly held), worth $1,001 - $15,000 on 14 Sep 2026. That is 54 days before publication. Filed 25 Sep 2026. View the filing.
- Sen. Shelley M Capito sold Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 21 Oct 2026. That is 17 days before publication. Filed 4 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 15 Oct 2026. That is 23 days before publication. Filed 2 Nov 2026. View the filing.
- Rep. Pete Sessions sold Microsoft (MSFT) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 36 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 54 days before publication. Filed 18 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Alphabet (GOOGL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 64 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Law Firms Have Malpractice Insurance. Should Their A.I. Agents?” scores 12 out of 100. The score uses 1 sources.