Monthly insurance policy wording update
Insurance insights: The Word, August 2026
28 August 2026
For our August edition of The Word, we cover a range of topics from across the insurance sector.
We examine what the OpenAI incident means for insurers grappling with agentic AI risk, and why continuous monitoring is emerging as the defining underwriting tool for autonomous AI systems.
We look at the LMA's new model clause addressing transit fees linked to passage through the Strait of Hormuz, a new study revealing unlabelled chemicals in 98% of personal care products and its implications across multiple liability lines, and a mass recall of millions of vehicles over concealed electronic door handles.
Finally, we consider how AI-powered claims handling is transforming the pet insurance market.
We hope you find this edition informative and insightful.
Tim
Contents: The Word, August 2026
- When AI goes off-script: What the OpenAI incident means for insurers
- Why continuous monitoring will define AI insurance (and what it changes for insurers)
- LMA wording excludes Hormuz 'toll' payments: What this means for insurers
- The insurance implications of the recent personal care products chemical contamination study
- When futuristic design costs lives: Implications of Tesla’s hidden handle product recall
- Six minutes from crisis to covered: How artificial intelligence is transforming pet insurance claims
Meet the team
Joanna Wallens
Associate
Adam Culy
Partner
Thomas Gibby
Principal Associate
Jeanette Flowers
Claims Handler
Contact
Tim Johnson
Partner
tim.johnson@brownejacobson.com
+44 (0)115 976 6557
Contact Tim
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