Dave, how do you think the dufus actuaries will do with their algorithms with accidents due to autonomous vehicles failures of technology. Even Progressive might have problems predicting the issues to be faced.
Agent, why do you feel the need to insult someone in almost every post you make? Your “dufus actuaries” comment is unnecessary, directed at a group of people who aren’t currently posting in this article, and makes you look bitter because you just had to insult a bunch of people completely out of nowhere.
Had you wrote the same thing without dufus, you would’ve made an excellent point and would likely have spurred quality discussion.
I know that I, and most Product Managers, need to spend more time considering the impact of these vehicles to our industry. But one thing I feel certain about is that personal injury lawyers are salivating at the thought of going after the deep pockets of Google, Volvo, and the other large companies who are developing the programs for driving these vehicles. One thought is to wait for those lawsuits to play out to understand how insurance policy language and rates need to be changed.
What happens if this is all covered by no fault insurance? Does anyone think that the lawyers in Congress would let that happen and put their brethren out of business?
When you start to consider the possibilities of driverless cars, consider what accident reconstruction looks like. We will be looking that the programming of the auto, any hacking, and other possible interference. Very different than accident reconstruction today.
What likely changes all of this is the millennial generation, Gen Y and Gen X as they are not (in general) nearly as enamored with autos as our generation. We glamorized autos and have fond memories of the freedom that they provide. Different generations consider them a burden (at this point in their careers). Will it evolve as they mature? Who knows.
Short term, these cars are probably coming. How soon is anyone’s guess. Only a fool underestimates the impact. There have been many fools in our industry and apparently many are in leadership positions. Perhaps that explains the regard (or lack thereof) that the public has for our industry.
I’m sure insurers are unprepared for these Autos. But then so are consumers, especially with the price tags they will initially come with.
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Agent, why do you feel the need to insult someone in almost every post you make? Your “dufus actuaries” comment is unnecessary, directed at a group of people who aren’t currently posting in this article, and makes you look bitter because you just had to insult a bunch of people completely out of nowhere.
Had you wrote the same thing without dufus, you would’ve made an excellent point and would likely have spurred quality discussion.
I know that I, and most Product Managers, need to spend more time considering the impact of these vehicles to our industry. But one thing I feel certain about is that personal injury lawyers are salivating at the thought of going after the deep pockets of Google, Volvo, and the other large companies who are developing the programs for driving these vehicles. One thought is to wait for those lawsuits to play out to understand how insurance policy language and rates need to be changed.
What happens if this is all covered by no fault insurance? Does anyone think that the lawyers in Congress would let that happen and put their brethren out of business?
When you start to consider the possibilities of driverless cars, consider what accident reconstruction looks like. We will be looking that the programming of the auto, any hacking, and other possible interference. Very different than accident reconstruction today.
What likely changes all of this is the millennial generation, Gen Y and Gen X as they are not (in general) nearly as enamored with autos as our generation. We glamorized autos and have fond memories of the freedom that they provide. Different generations consider them a burden (at this point in their careers). Will it evolve as they mature? Who knows.
Short term, these cars are probably coming. How soon is anyone’s guess. Only a fool underestimates the impact. There have been many fools in our industry and apparently many are in leadership positions. Perhaps that explains the regard (or lack thereof) that the public has for our industry.
back in the day, horses and mules knew their way home; even in the dark those holding the reins slept then too