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...
Insurance Coverage for Driverless Cars
Posted on Jun 29, 2016 in Insurance Developments and Trends, Technology Impacting Auto Insurance | Comments Off on Insurance Coverage for Driverless Cars
Who is liable for accidents involving autonomous vehicles? At least one insurance company in Britain is now offering an auto policy that will cover autonomous and partly automated vehicles. The policy covers accidents caused by malfunctions in the car’s driverless systems, as well as cyberattacks on the operating system. According to news articles, the policy covers accidents in...
Insurers Aim to Use New Technology To Make Cars “Marketing Machines”
Posted on Jun 23, 2016 in Insurance Developments and Trends, Technology Impacting Auto Insurance | Comments Off on Insurers Aim to Use New Technology To Make Cars “Marketing Machines”
Modern cars capture vast amounts of information about drivers through various computer technologies, tracking where drivers are going, when, and how they are driving. A new study from McKinsey and Company suggests that the future of car insurance lies in harnessing that data: by collecting and analyzing data collected from drivers, car insurers could turn the car into a “marketing...
Deloitte Predicts Changes to Auto Insurance Due to “the Future of Mobility”
Posted on Jun 3, 2016 in Insurance Developments and Trends, Technology Impacting Auto Insurance | Comments Off on Deloitte Predicts Changes to Auto Insurance Due to “the Future of Mobility”
Deloitte has released a white paper analyzing trends and potential future changes in auto insurance. Two key trends addressed are the rise of autonomous vehicles and the shift from individual vehicle ownership toward the sharing economy. Members of Deloitte’s actuarial practice modeled how these trends might affect auto insurance. Deloitte projects that total auto insurance premiums...
Uber Testing Autonomous Vehicles in Pittsburgh
Posted on May 22, 2016 in Technology Impacting Auto Insurance | Comments Off on Uber Testing Autonomous Vehicles in Pittsburgh
Uber is testing a driverless Ford Fusion hybrid on streets in Pittsburgh. While a driver sits behind the wheel, the vehicle drives itself using radars, laser scanner, and high resolution cameras.
San Francisco Start-Up Developing Driverless Trucks
Posted on May 17, 2016 in Technology Impacting Auto Insurance | Comments Off on San Francisco Start-Up Developing Driverless Trucks
A new start-up, made up of employees from Google, Apple, and Tesla, is focused on getting autonomous trucks on the roads. The company, Otto, is equipping trucks with software, sensors, lasers, and cameras, with the intent that the big rigs will eventually navigate U.S. highways autonomously. Otto has been testing in Nevada because California regulations permitting driverless vehicle...
