Georgia Passes Legislation Allowing Autonomous Vehicles on the Road
Posted on Apr 4, 2017 in Industry News | Comments Off on Georgia Passes Legislation Allowing Autonomous Vehicles on the Road
In its recently-concluded legislative session, the Georgia General Assembly passed a bill that would allow autonomous vehicles on the road. The law exempts driverless vehicles from the requirement to be operated by a licensed driver as long as the vehicle is fully autonomous and the automated driving system is engaged; indeed, under the new law, such vehicles may be operated on the...
Concerns About Losses in the Auto Insurance Market
Posted on Apr 4, 2017 in Insurance Developments and Trends | Comments Off on Concerns About Losses in the Auto Insurance Market
According to a recent Fitch Ratings report, the auto insurance industry experienced significant losses last year that outpaced premium increases. Although some carriers were able to make a profit in the personal auto segment, an increase in insurers’ average combined ratios indicate that the overall market is weakening. Losses may be increasing due to an increase in miles driven, the...
