Google Spin-off Waymo Offers Free Driverless Rides
Posted on Apr 26, 2017 in Uncategorized | Comments Off on Google Spin-off Waymo Offers Free Driverless Rides
Waymo, the self-driving car program spun off by Google, has announced that it will be offering Phoenix residents free rides in driverless Lexus SUVs and Chrysler Pacifica minivans. The company specified it is looking for riders from diverse backgrounds and varied transportation needs. Although the vehicles will be operated without a driver, a Waymo driver will be present to ensure a ...
The Question of Liability in Autonomous Vehicle Crashes
Posted on Apr 18, 2017 in Industry News, Insurance Regulation, Technology Impacting Auto Insurance | Comments Off on The Question of Liability in Autonomous Vehicle Crashes
Despite the ongoing development of autonomous vehicles, and the push to get autonomous vehicles on the road, there are still many questions about who can be held liable in the event of an accident. For example, while a consumer safety group believes that automakers should assume responsibility, automakers have argued that the issue is covered by state insurance laws determining...
Car Data Transmitters Pose Cybersecurity Risks
Posted on Apr 14, 2017 in Uncategorized | Comments Off on Car Data Transmitters Pose Cybersecurity Risks
Argus Cyber Security Ltd., an Israeli cyber security firm, recently announced that it had succeeded in using a dongle, a device that many insurance companies install in vehicles to track policyholders’ driving behaviors, to gain access to a vehicle’s internal communication system. The announcement further raises concerns about the ability of hackers to take control of moving cars....
Big Brother Is… Underwriting?
Posted on Apr 7, 2017 in Technology Impacting Auto Insurance | Comments Off on Big Brother Is… Underwriting?
Speakers at the Casualty Actuarial Society’s Ratemaking and Product Management Workshop recently commented that as the internet of things spreads and encompasses devices in vehicles and homes, underwriters for personal lines insurance companies must begin to take into account “exposure data tracking.” With respect to auto insurance, carriers now have access to sensors that can track...
How Patchwork State Regulations Could Benefit Driverless Cars
Posted on Apr 7, 2017 in Perspective | Comments Off on How Patchwork State Regulations Could Benefit Driverless Cars
Several states have taken legislative, regulatory, or executive action to address the prospect of driverless vehicles. Although a “patchwork of regulations” that vary from state to state will be unsustainable in the long run, there may be benefits to the “laboratories of democracy” in the short term. As autonomous vehicle technology develops, different states will choose to balance...
