DOT Designates 10 Driverless Car Testing Sites
Posted on Feb 22, 2017 in Technology Impacting Auto Insurance | Comments Off on DOT Designates 10 Driverless Car Testing Sites
The U.S. Department of Transportation has designated ten “proving grounds” to encourage the safe testing of driverless vehicles. These testing areas, which were chosen from a pool of more than sixty applicants, encompass a diverse geographic area, ranging from Pittsburgh to San Diego. The groups operating the sites will collaborate on best practices for the safe testing and operation...
Britain Proposes New Framework Autonomous Vehicle Insurance
Posted on Feb 16, 2017 in Uncategorized | Comments Off on Britain Proposes New Framework Autonomous Vehicle Insurance
The British government has announced that it will consider new regulations to guarantee victims of accidents involving self-driving cars timely compensation in an effort to clear one of the largest obstacles to automated driving technology. Regulators and insurers have grappled with how to determine the ultimate liability for accidents, slowing the roll out of the technology. In an...
Dual Insurance for Driverless Cars?
Posted on Feb 10, 2017 in Insurance Developments and Trends, Technology Impacting Auto Insurance | Comments Off on Dual Insurance for Driverless Cars?
The UK Department for Transport is expected to announce that owners of self-driving cars will be required to take out “two-in-one” insurance policies. These policies would cover the driver if a human is driving the vehicle, and would also cover the car when it is operated in driverless mode. The insurer issuing the policy would then be able to recover costs for claims on driverless...
Plaintiffs’ Attorneys Contend Courts Should Determine Liability for Accidents Involving Driverless Cars
Posted on Feb 9, 2017 in Industry News | Comments Off on Plaintiffs’ Attorneys Contend Courts Should Determine Liability for Accidents Involving Driverless Cars
A plaintiffs’ attorney group, the American Association for Justice, has issued a report on self-driving cars. The report identifies safety issues arising from development of semi- and fully-autonomous cars, and – not surprisingly – argues that liability for accidents and injuries should be determined in the courts. It opposes some regulatory proposals that would govern driverless cars,...
What the Banking Industry Expects from Connected Cars
Posted on Feb 9, 2017 in Industry News | Comments Off on What the Banking Industry Expects from Connected Cars
The American Banker recently looked at ways in which the connected car might affect not only the roads, but the finance world as well. People might be able to make “truly mobile-payments” as they go through toll booths, visit a drive-through, or stop for gas. Fully autonomous vehicles might even make purchases without human involvement. Customers might also be able to do their banking...
