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It probably won't be to hard for the startup to find an insurance company that's willing to partner with them. As long as there's a large payout in accident cas
by josephpmay 13y ago
It probably won't be to hard for the startup to find an insurance company that's willing to partner with them. As long as there's a large payout in accident cases, I doubt civil suites would be a major problem. I personally would be more worried about criminal liability, which is best mediated by data collection. I could see early versions being "computer assisted" driving, where the driver is responsible (and liable) to take over if there is a problem. This is what Google is doing.
- lazyjones 13y agoI bet insurance companies will love the idea of self-driving cars - because there will be practically no avoidable accidents but drivers will likely accept at least normal insurance fees because they can't argue away the uncertainty associated with such new technology.
- ivankirigin 13y agoAlso consider this: the cameras of the system will be recording everything.
- patrickk 13y agoShort term perhaps, but longer term a huge reduction/elimination of human-caused accidents is really bad news for car insurance. Here's a quote from Warren Buffett (big investor in Geico): "If you end up with no accidents, we will end up with no insurance company" http://www.reddit.com/r/SelfDrivingCars/comments/1vj99m/warren_buffett_on_how_googles_self_driving_cars/ http://www.reddit.com/r/SelfDrivingCars/comments/1vj99m/warr... (unfortunately the video has been removed)
- andrewfong 13y agoI wonder what the capital cost for starting your own insurance company would be actually ... would VC money be sufficient for this sort of thing?