Driverless Cars Threaten to Crash Insurers’ Earnings – Wall Street Journal

Posted: Wednesday, July 27, 2016

The insurance industry has a $160 billion blind spot: the driverless car.

Car insurers last year hauled in $200 billion of premiums, about a third of all premiums collected by the property-casualty industry. But as much as 80% of the intake could evaporate in coming decades, say some consultants, assuming crucial breakthroughs in driverless technology make driving safer and propel big changes in car ownership.

As the threat…

Comments

Write a Reply or Comment:

Your email address will not be published.*