Category Archives: Autonomous Vehicles

Driver Error and Tesla Autopilot to Blame for 2018 Crash

According to the National Transportation Safety Board (NTSB), driver errors and Tesla’s Autopilot design may be the cause of a crash involving Tesla’s Model and a parked fire truck in California. The NTSB cited the driver’s “inattention and over-reliance” noting that the driver kept his hands off the wheel for the majority of a 13 minute and 48-second trip.

Tesla’s Autopilot was engaged during at least three fatal U.S. crashes. However, Tesla says their owners have driven billions of miles with Autopilot engaged and that its data “indicates that drivers using Autopilot remain safer than those operating without assistance.”

Click here to read the article.

Filed under Autonomous Vehicles

Tesla Announced Launch of Its Insurance

Tesla announced the launched of its own insurance and claims that it will provide customers with lower rates because of the safety features in its vehicles. According to Tesla, “because Tesla knows its vehicles best, Tesla Insurance is able to leverage the advanced technology, safety, and serviceability of our cars to provide insurance at a lower cost.”

Click here to read the article.

Filed under Autonomous Vehicles

Investigation into Minor Vehicle Collision Reveals Autonomous Vehicle Risks

The National Transportation Safety Board (NTSB) recently released results from its investigation into a minor collision involving an autonomous shuttle bus and a commercial truck in 2017. No one was injured in the crash; however, the incident did highlight some autonomous vehicle risks.

The autonomous shuttle operates on a predetermined route but does not have a steering wheel, brake pedal, or accelerator pedal. The attendant could only operate the shuttle using a hand-held controller which was not easily accessible when the incident occurred. A new policy was implemented that made the controller more accessible throughout a trip.

Click here to read the article.

Filed under Autonomous Vehicles

Autonomous Vehicles’ Movement Towards the Mainstream

There have been many significant advances in autonomous vehicle technology around the world. Among those was a bill that was recently passed in Florida, allowing AV systems to operate on the streets without a human driver. Safety is among the main factors driving and slowing down the development of AV technology.

According to data from the National Highway Traffic Safety Administration (NHTSA), 94% of serious auto accidents are due to human error. However, autonomous vehicles have some of the same issues that people encounter. AV technology can be affected by weather, road markings, etc. that confuses the AV cameras and lasers, making it difficult to navigate certain areas.

Click here to read the article.

Filed under Autonomous Vehicles

Travelers Advocates Current Auto Insurance System for Autonomous Vehicles

Travelers Institute released a white paper expressing their view on autonomous vehicles (AVs) and the role the auto insurance industry should play in addressing the significant policy questions and challenges that will inevitably arise in the future. An insurer that has been around for more than 160 years, Travelers applauds the safety advances of AVs and believes that the current auto system can accommodate AVs and non-AVs.

Click here for the white paper.

Filed under Autonomous Vehicles

Roig Lawyers Partner Keith Hernandez Publishes Article in CLM Magazine on Autonomous Vehicle Technologies and its Impact on Insurance

ROIG Lawyers Deerfield Partner Keith Hernandez has published an article in CLM Magazine entitled “Keep Your Eyes Off the Road.” In the article, Keith discusses the emergence of autonomous vehicle technologies and its impact on traditional insurance.

Click here to read the entire article.

CLM Magazine is the premier source for content that addresses trends, topics of interest, and industry challenges for those in the claims and litigation management industry.

Filed under Autonomous Vehicles

Auto Insurance Market to Shrink by 2050 According to KPMG

According to updated research by KPMG, the auto insurance market will shrink by more than 70 percent by 2050 due to autonomous vehicle technology and a rise in on-demand transportation, shifting liability to manufacturers.

KPMG did an updated study called The Chaotic Middle: The Autonomous Vehicle and Disruption in Automobile Insurance that shows an increase in the demand for new types of insurance products with traditional auto insurance carriers facing the threat of obsolescence. Auto manufacturers have become the likely alternative to covering driving risk according to the study.

According to the consulting firm, three major forces are disrupting the current auto insurance marketplace:

  • Autonomous Technology – making cars increasingly safer
  • Auto Manufacturers (OEMs) – assuming more of the driving risk and associated liability
  • Mobility-On-Demand – quickly translating into the need for less personal auto coverage

KPMG believes that all of this means that auto insurance carriers need to act now. “Insurance companies will have to make important strategic and tactical changes sooner than anticipated to navigate through this turbulent transformation of the industry,” said Jerry Albright, principal in KPMG’s Actuarial and Insurance Risk practice.

Click here to read the full article.

Filed under Autonomous Vehicles