How Pricing Insurance for Cars of Future Could Bring Insurers, Carmakers Together

Article 0 Comments Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago—until he called his insurance company and found out how much his premiums would rise. “The quoted me $10,000 a year,” Peate recalled. For all the […]

Insurtech Geared to Autonomous Vehicle Coverage Grabs $5 Million in Funding

Article 0 Comments A startup focused on rewarding drivers and fleet owners that use autonomous vehicles and semi-autonomous car safety features has raised $5 million in seed funding. California-based Avinew’s technology uses artificial intelligence and telematics to gather driving data that can tell when a vehicle is in autopilot mode […]

Travelers: Use Current Auto Insurance Model for Autonomous Future

Article 0 Comments Auto insurance should continue to be the primary compensation model for accident victims as the driving population transitions to and then fully adopts autonomous vehicles, according to the insurer that issued the nation’s first auto liability policy in 1897. “This means that vehicle owners should be required […]

The Road Ahead for Autonomous Cars and Auto Insurance

Article 0 Comments The death of a pedestrian who was struck by an autonomous vehicle in Tempe, Arizona, has brought fresh scrutiny to the accelerating development of self-driving cars. The accident on March 18 is bound to be studied exhaustively, both to determine fault and to assess and refine the […]