AXA XL announced the launch of an insurance solution designed to cover the risks associated with autonomous vehicles. The offering will help companies developing or using the technology to better manage and transfer those new and evolving risks. The policy, …
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 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 …
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 …
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 …
Vehicles with varying levels of self-driving capability will start to become available to consumers as early as this summer and it could then take 20 years for them to be the norm, according to a new report. The pace will …
