Self-Driving Cars: Emerging Insurance Challenges
1 PM GMT
Semi-autonomous cars will be on the roads within the next 5 years. Fully autonomous cars are likely to launch within a decade, at least in some venues. These vehicles pose intriguing insurance coverage issues, will lead to novel claims disputes and will trigger the creation of new auto insurance products.
Don’t miss this 90-minute teleconference where a distinguished panel will address key insurance issues that will arise as semi-autonomous and fully self-driving cars enter the market.
· The panelists will provide an overview of semi-autonomous and autonomous vehicle technology and the likely timeframes in which self-driving cars will enter the fleet.
· States will need to address novel issues regarding driver license requirements, driver behavior (for example, bans on texting while driving) and the “street-legality” of self-driving cars.
· Accidents involving semi-autonomous vehicle, where the driver may need – or choose – to quickly resume active driving, will pose novel claims and coverage issues. Asserted software or sensor failures are also likely to generate high profile class actions against auto manufacturers, sensor manufacturers and software companies. The panel will address a range of likely claims and coverage scenarios that will arise as self-driving cars enter the market.
· Self driving cars are predicted to have lower accident rates than standard cars and will likely reduce the average severity of bodily injury claims. These trends will pose challenges to the auto insurance industry (and the lawyers who represent insurers).