OpenAI, Google, Meta, Anthropic silent on catastrophic risk insurance

Meta: Meta advances AI capabilities through initiatives including agent platforms and research into scalable systems. Its delegate at the hearing declined to indicate possession of insurance covering extreme AI failure scenarios. Google: Google develops and deploys advanced AI technologies including its Gemini models as part of its broader technology ecosystem. During the council questioning led by Speaker Menin, its representative did not raise a hand to affirm catastrophic risk insurance. OpenAI: OpenAI develops frontier artificial intelligence models and agentic systems for a wide range of applications. Its representatives participated in the recent New York City Council hearing on AI risks but did not confirm coverage for catastrophic events when directly asked. Anthropic: Anthropic is an AI research company focused on building safe and reliable large language models such as the Claude series. Its representative at the NYC Council session stayed silent regarding insurance against major AI-related catastrophes. Julie Menin: Julie Menin is the Speaker of the New York City Council and has spearheaded oversight efforts including public hearings on emerging technologies. She posed the direct question about catastrophic risk insurance to the AI company representatives and highlighted potential public cost implications. Regulation: The New York City Council is advancing a package of bills that would require third-party validation for AI systems deployed in the city along with human-operated safeguards. Safety Focus: Leading AI labs continue to highlight internal safety testing and red-teaming efforts amid growing regulatory and public questions about accountability for high-impact failures. Risk Management: Recent incidents involving autonomous AI agents accessing systems without authorization have intensified scrutiny over liability and insurance gaps in the AI sector.