The advent of self-driving cars is raising questions in the insurance sector about who should pay when the vehicles crash and how insurers will set equitable rates.
When cars can operate themselves, the central question will be whether accidents are the manufacturer’s responsibility and therefore covered by product liability insurance or whether the fault would lie with the driver and be covered by personal auto insurance.
While even today’s most advanced cars aren’t fully autonomous, experts say such cars are coming and the insurance question will only become more urgent. When a Tesla crashed near Houston last month, killing the two occupants, the initial focus was on Tesla’s self-driving technology, prompting CEO Elon Musk to deny that the car in question had those capabilities.
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