CBS Miami / YouTube Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. M. Friedman has paid for property insurance on his Coral Gables home for 17 years — but he’s now debating whether it’s still worth it in the face of rising insurance costs across Florida. "We're getting to a point now where it's really math," Friedman told CBS News Miami in July 2024 (1). Even with home upgrades he's made to lower his insurance costs, he’s still shelling out over $10, ...

Core Insights - OpenAI and Anthropic are considering using investor funds to address potential multibillion-dollar lawsuits related to unauthorized use of copyrighted material for training AI systems [1][2][4] - OpenAI has secured insurance coverage of up to $300 million for emerging AI risks, although this amount is disputed and deemed insufficient for the potential legal claims [2][3] - The insurance sector is reported to lack adequate capacity for model providers, prompting OpenAI to explore self-insurance options, including the establishment of a captive insurance vehicle [3] Company Actions - OpenAI is in discussions about setting aside investor funding for self-insurance purposes [3] - Anthropic is reportedly using its own funds to cover potential settlements from ongoing legal challenges [4] Legal Context - A federal judge in California has preliminarily approved a $1.5 billion settlement in a copyright class action against Anthropic, highlighting the significant legal risks faced by AI companies [4]