Insurers Should Actively Monitor Automated Driving Technology Developments
Posted on Jul 20, 2016 in Technology Impacting Auto Insurance | Comments Off on Insurers Should Actively Monitor Automated Driving Technology Developments
Automated technology will bring both new challenges and new opportunities for insurers. Although insurers may face the challenges associated with a shrinking market where manufacturers absorb more liability risk, insurers also have new opportunities. For example, such opportunities include new and innovative ways to develop joint partnerships, like Japan’s Toyota Motor Corp’s and Aioi...
Parts Supplier Settles Price-Fixing Claims for more than $250M
Posted on Jul 15, 2016 in Industry News | Comments Off on Parts Supplier Settles Price-Fixing Claims for more than $250M
Auto parts supplier Denso Corp. has agreed to pay more than $250 million to settle price-fixing claims in a multi-district litigation. According to settlement documents filed in the District Court for the Eastern District of Michigan, Denso will pay approximately $193.8 million to car buyers and $61.2 million to auto dealers. The settlement ends a lengthy Department of Justice...
Tesla on Autopilot Crashes in Montana
Posted on Jul 12, 2016 in Technology Impacting Auto Insurance | Comments Off on Tesla on Autopilot Crashes in Montana
A Tesla Model X traveling from Seattle to Yellowstone National Park on July 9th crashed on a two lane highway near Cardwell, Montana. The motorist and his passenger acknowledged that the vehicle was on Autopilot mode at the time of the collision and that his hands were not on the wheel at the time of the accident. In response to the accident, Tesla issued a statement stating that the...
Another Federal Agency Probing Tesla Crash
Posted on Jul 11, 2016 in Uncategorized | Comments Off on Another Federal Agency Probing Tesla Crash
The National Transportation Safety Board (NTSB) has assigned a team of investigators to look into the May 7 fatal crash in Williston, Florida, involving a Tesla vehicle operating in Autopilot mode. Notably, the NTSB normally investigates accidents involving trains, planes, buses, and ships. The National Highway Traffic Safety Administration (NHTSA) and Florida Highway Patrol have...
Automated Vehicle Hacking Brings New Risks to the Road
Posted on Jul 8, 2016 in Uncategorized | Comments Off on Automated Vehicle Hacking Brings New Risks to the Road
Vehicle technology is advancing at a rapid pace, with fully automated driving the ultimate goal. The sensors, data connections and software that will ultimately revolutionize driving also create cyber-vulnerabilities that present unique safety and privacy concerns not previously experienced in the automotive industry. In this New York Law Journal article Sutherland attorneys provide an...
