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Surveys Disagree on American Appetites for Driverless Vehicles

A survey of more than 2,000 people by the Consumer Technology Association found that approximately 70% of those surveyed were ready to try a driverless vehicle. However, another survey by the University of Michigan led to drastically different results: in that survey, fewer than 16% of those surveyed were open to completely autonomous vehicles. A third survey conducted by Kelley Blue...

Cybersecurity and Allocation of Liability Are Top Concerns Among Risk Managers

A recent survey conducted by Munich Re found that, where autonomous vehicles are involved, the top concern for corporate risk managers is cybersecurity.  More than half of the corporate risk managers surveyed (55%) named cybersecurity, which included potential hacks into a vehicle’s data system and the failure of “smart road infrastructure,” as their number one concern. Mike Scrudato,...

Morality and Autonomous Vehicles

The classic “trolley problem” in ethics is now becoming the “autonomous vehicle problem.” The thought experiment asks: A trolley is hurtling towards five helpless people on a track. Do you pull a lever to divert the trolley onto another track, hitting only one person—or do nothing? The updated question asks whether a driverless car should be programmed to hit three pedestrians in a...

New Auto Body Labor Rate Survey Regulations

The Rhode Island Department of Business Regulation recently adopted amendments to regulations in the Division of Insurance and the Division of Commercial Licensing governing auto body labor rate surveys. The amendments provide that insurers writing less than 1% of the total premium volume of auto insurance during the prior year can either voluntarily conduct a survey or adopt a labor...

Expectations for the Property & Casualty Insurance Industry in 2016

The Insurance Information Institute has released the results of a survey of property and casualty insurance industry leaders. A majority of executives anticipate no increase in profitability for workers compensation, personal auto, homeowners, or commercial lines in 2016. Rather, executives expect increased regulatory scrutiny and attempts by the federal government to expand its role...

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