Elon Musk Discusses Risks Posed by Artificial Intelligence
Posted on Jul 19, 2017 in Industry News, Technology Impacting Auto Insurance | Comments Off on Elon Musk Discusses Risks Posed by Artificial Intelligence
At the recently held National Governors Association meeting, Elon Musk told U.S. governors that artificial intelligence is a “fundamental existential risk for human civilization”—far beyond existing concerns about the impact of automation on the U.S. job market. Specifically, he raised concerns about the way that regulation for new technologies has been reactive rather than proactive,...
The FTC and NHTSA Plan Workshop on Vehicles and Cybersecurity
Posted on Jun 21, 2017 in Industry News, Insurance Regulation, Technology Impacting Auto Insurance | Comments Off on The FTC and NHTSA Plan Workshop on Vehicles and Cybersecurity
The Federal Trade Commission (FTC) and National Highway Traffic Safety Administration (NHTSA) are hosting a public workshop to discuss consumer privacy issues posed by technological developments in vehicles, particularly those with some form of wireless connectivity. The potential dangers to consumers from such connected vehicles are significant, as one estimate provides that by 2020...
New Regulations for Ride-Sharing in New York
Posted on Jun 8, 2017 in Industry News | Comments Off on New Regulations for Ride-Sharing in New York
New York’s Governor Cuomo has announced new regulations governing ride-sharing in the state. The regulations require that certain information be provided in the ride-sharing app to protect customers, including a photo of the driver, information about the vehicle, the vehicle’s license plate number, and the fare or estimated fare for the trip. To be licensed, ride-sharing companies must...
Updated Federal Guidelines for Autonomous Vehicles
Posted on Jun 5, 2017 in Industry News | Comments Off on Updated Federal Guidelines for Autonomous Vehicles
The Trump Administration will be revising federal guidelines governing self-driving vehicles in the coming months. Transportation Secretary Elaine Chao stated that the new rules were intended to support innovation, new entrants into the market, and safer vehicles; however, she did not specify what the new rules would provide. Some industry participants have expressed concerns about...
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...
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...
