Driverless cars - Who needs insurance for driverless cars?

[PMattras]

The future might not be good for insurance companies and there may be less vehicles on the road.

 

http://www.msn.com/en-us/money/companies/a-dollar195-billion-dilemma-who-needs-insurance-for-driverless-cars/ar-AAdIbUL

 

The auto insurance industry is having its Napster moment. Like record companies at the dawn of online music file sharing, Allstate, Geico, State Farm, and others are grappling with innovations that could put a huge dent in their revenue. As carmakers automate more aspects of driving, accidents will likely plunge and car owners will need less coverage. Premiums consumers pay could drop as much as 60 percent in 15 years as self-driving cars hit the roads, says Donald Light, head of the North America property and casualty practice for Celent, a research firm.

 

A $195 billion dilemma

[SnakeEyeSS]

So many crooks in that industry, hard to feel bad....