Chinese ride-hailing giant Didi Chuxing just raised more than $5.5 billion, giving Uber Technologies Inc. Chief Executive Officer Travis Kalanick one more thing to worry about. Didi’s record funding round is said to value the company at more than $50 …
A Bavarian start-up is developing a five-seat “flying taxi” after successful test flights over Germany of a smaller version of the electric jet, the company said on Thursday. Munich-based Lilium, backed by investors who include Skype co-founder Niklas Zennstrom, said …
Technology is expected to be a major driver of liability claims in the years ahead – cutting frequency and increasing new threats such as cyber, product liability and recall risk, according a report published by Allianz Global Corporate & Specialty …
Widespread use of autonomous vehicles will completely transform the motor insurance sector over the long term when liability begins to shift towards manufacturers and traditional risk pools shrink, according to a report published by Fitch Ratings. “The question of who …
The U.S. Department of Transportation recently designated the North Carolina Turnpike Authority to help with testing driverless cars. A statement from the N.C. Department of Transportation on Friday said the authority was selected from a competitive group of more than …
Car makers and tech firms are convinced that driverless cars are the future, but they appear to be ahead of consumers in that thinking. Only 23 percent of Americans say they are willing to ride in an autonomous car, while …
Insurers and reinsurers continue to look for organic growth where they can find it – sometimes from emerging risks and sometimes from emerging markets. As always, the keys to success are market knowledge and patience. Providing a heads-up for such …
Ride-sharing company Uber wants the Pennsylvania Department of Transportation to delay policy recommendations that govern the testing of driverless cars. Uber, which has been testing the driverless cars in Pittsburgh for weeks, wants PennDOT to wait for legislation to be …
Cars of the future will need to collect a basic set of core data to prevent drivers being unfairly blamed if technology goes wrong, according to the Association of British Insurers (ABI). The ABI supports the formation of an standard …
If you have nightmares about robots taking over the world, here’s something that might really scare you: some tech industry veterans in Seattle want to ban human drivers from a 150-mile stretch of Interstate 5 and reserve it for self-driving …
