Road Trip with a Tesla – Day 2: Leaving Las Vegas
Posted on Aug 13, 2016 in Perspective, Technology Impacting Auto Insurance | Comments Off on Road Trip with a Tesla – Day 2: Leaving Las Vegas
Just outside of Vegas. We will just stop to refill battery. Nevada allows Level 3 driving while on a highway. Oddly on this section of Route 15, the lanes are not that clearly marked. Charley seems to be struggling a little bit on staying in the center of the lines it is having a hard time seeing. It is also focusing on the car in front of me. Mike Nelson is embarking on a...
Road Trip with a Tesla – Day 2: Travels with Charley
Posted on Aug 13, 2016 in Perspective, Technology Impacting Auto Insurance | Comments Off on Road Trip with a Tesla – Day 2: Travels with Charley
Yesterday we started the journey by heading out of Barstow, California at 5:30 pm driving northeast on Route 15. It was not ideal. Traffic on a Friday night in a L.A. rush hour on “the 5” was a bear. This morning is a perfect contrast. Wide open highways. Auto pilot is engaged and doing its thing. We pass other vehicles in the right lane without effort or thought and we...
Road Trip with a Tesla – Day 1: Testing out the Tesla
Posted on Aug 12, 2016 in Perspective, Technology Impacting Auto Insurance | Comments Off on Road Trip with a Tesla – Day 1: Testing out the Tesla
Mike Nelson is embarking on a cross-country road trip from Orange County, California to New York City in a Tesla 90D Model S. The Model S is equipped with autopilot and electric all-wheel drive. Mike will share his experiences on the road with autonomous technology with Up to Speed readers in a series of posts. In order to develop a deeper understanding of autonomous vehicles, I...
Insurers Preparing for a World of Autonomous Vehicles
Posted on Jul 28, 2016 in Insurance Developments and Trends, Technology Impacting Auto Insurance | Comments Off on Insurers Preparing for a World of Autonomous Vehicles
When autonomous vehicles become ubiquitous, what will be the need for car insurance? That is the question auto insurers are beginning to face as autonomous vehicle technology promises safer roads and fewer accidents. At least one insurer, State Farm, is participating in research on driverless car equipment through collaboration with automakers and suppliers at the University of...
Cybersecurity and Allocation of Liability Are Top Concerns Among Risk Managers
Posted on Jul 21, 2016 in Insurance Developments and Trends, Technology Impacting Auto Insurance | Comments Off on Cybersecurity and Allocation of Liability Are Top Concerns Among Risk Managers
A recent survey conducted by Munich Re found that, where autonomous vehicles are involved, the top concern for corporate risk managers is cybersecurity. More than half of the corporate risk managers surveyed (55%) named cybersecurity, which included potential hacks into a vehicle’s data system and the failure of “smart road infrastructure,” as their number one concern. Mike Scrudato,...
Insurers Should Actively Monitor Automated Driving Technology Developments
Posted on Jul 20, 2016 in Technology Impacting Auto Insurance | Comments Off on Insurers Should Actively Monitor Automated Driving Technology Developments
Automated technology will bring both new challenges and new opportunities for insurers. Although insurers may face the challenges associated with a shrinking market where manufacturers absorb more liability risk, insurers also have new opportunities. For example, such opportunities include new and innovative ways to develop joint partnerships, like Japan’s Toyota Motor Corp’s and Aioi...
