FTC CAUTIONS AUTO INDUSTRY ON DATA PROTECTION
Posted on Jan 22, 2016 in Industry News, Technology Impacting Auto Insurance | Comments Off on FTC CAUTIONS AUTO INDUSTRY ON DATA PROTECTION
Federal Trade Commissioner Maureen Ohlhausen issued a stern warning to the automotive industry that they will have to take steps to protect customer information or face enforcement actions from her agency. Ohlhausen, speaking at the Washington Auto Show’s Public Policy review panel, cautioned that automakers need to take into account the security of information contained in their...
Industry Agreement on Safety Principles
Posted on Jan 18, 2016 in Industry News | Comments Off on Industry Agreement on Safety Principles
18 car companies have joined the U.S. Department of Transportation in designing new automobile safety standards. These standards would reflect a proactive and collaborative approach to safety. Although the details have not been finalized, it is expected that auto companies will face pressure to include technology-aided safety features, such as automatic emergency braking, as standard...
New Guidelines for Autonomous Vehicles
Posted on Jan 15, 2016 in Industry News | Comments Off on New Guidelines for Autonomous Vehicles
The federal government has announced its intention to support the development of autonomous vehicle technology with new guidelines and nearly $4 billion in funding. At the North American International Auto Show, the Transportation Secretary stated that the administration expected to issue regulatory guidelines for autonomous vehicles within six months. The guidance would focus on the...
Expectations for the Property & Casualty Insurance Industry in 2016
Posted on Jan 15, 2016 in Insurance Developments and Trends | Comments Off on 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...
Regulation of Autonomous Vehicles Likely to Remain at State Level
Posted on Jan 14, 2016 in Industry News | Comments Off on Regulation of Autonomous Vehicles Likely to Remain at State Level
The United States Transportation Secretary, Anthony Foxx, has stated that there is no plan to implement national legislation governing autonomous vehicles. Mr. Foxx made the statement while speaking to the media at the CES technology trade show. He stated that federal regulation of safety and model legislation might be on the table in the future, but that at present, the focus of the...
