Insurance

Google Autonomous Vehicle

When Autonomous Vehicles Crash, Is The Software Liable?

Many industries are wrestling with the blinding speed of technologic change. Mobile devices like smartphones and tablets are transforming the way employees work and customers interact with a business. And that doesn’t even take into account the (coming) revolution of smart devices and remote sensors that is referred to as The Internet of Things. But few industries are wrestling as hard with the implications of that change as the Insurance industry, which must assess the long-term impact of huge forces like technology innovation or, say, climate change on risk. One example: how will the advent of autonomous vehicles or even computer augmented driving change the auto insurance business? And, when two computer-guided cars crash, who (or what) is liable? Those were some of the questions posed to attendees at this week’s Emerging Technology (or EmTech) Conference at The Massachusetts Institute of Technology (MIT). The speaker, Joe Coray, is the Vice […]

Drive Metrics U of D

Privacy Collision: Data On How You Drive Reveals Where You Drive

A heads up to¬†Jaikumar Vijayan over at Computerworld.com for picking up on this really interesting study¬†(PDF) conducted at the University of Denver that shows how driver monitoring technology that is becoming very popular in the insurance industry may constitute a big breach of privacy. If you haven’t heard of them before, use-based insurance (or so-called “Pay as You Drive” or PAYD) programs are all the rage in the auto insurance industry. They make a lot of sense: rather than penalize good drivers for the crummy driving of others, leverage on board technology within the insured vehicle to monitor the miles traveled, speed, braking and other vital statistics. The technology allows infrequent, safe drivers to pay much lower premiums, while drivers who rack up tens of thousands of miles a month, or career around the roads at breakneck speeds to pay premiums that are appropriate given the amount of driving and […]