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,...
Automation’s Impact Across A Wide Range of Industries
Posted on Jun 22, 2017 in Perspective, Technology Impacting Auto Insurance | Comments Off on Automation’s Impact Across A Wide Range of Industries
It is becoming clear that the development of autonomous vehicles will have implications beyond the automotive industry alone. In a recent article, Mike Nelson and Trevor Satnick of Eversheds Sutherland (US) LLP provide insight into those implications with regard to areas such as auto insurance, ethical issues, big data, urban and suburban planning, and artificial intelligence. For...
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...
University of Michigan White Paper Aims to Build Accelerated Evaluation Processes for Autonomous Vehicles
Posted on Jun 20, 2017 in Technology Impacting Auto Insurance | Comments Off on University of Michigan White Paper Aims to Build Accelerated Evaluation Processes for Autonomous Vehicles
The University of Michigan recently published a white paper aimed at accelerating the development of autonomous vehicles through more efficient testing processes. The paper identifies a significant problem in getting autonomous vehicles on the road: how to develop tests to accurately represent real-world driving situations? The approach suggested by the paper essentially focuses on...
Texas Law Permits Free Operation of Autonomous Vehicles
Posted on Jun 20, 2017 in Insurance Regulation, Technology Impacting Auto Insurance | Comments Off on Texas Law Permits Free Operation of Autonomous Vehicles
A bill recently signed in Texas, which becomes effective in September, allows autonomous vehicles to operate freely on state roads–without a driver’s supervision. The law requires the autonomous vehicles to be in compliance with federal laws and safety standards, to be registered with the Texas Department of Motor Vehicles, to be covered by insurance, and to have a...
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...
