Tag: Insurance

Self-driving cars: What will 90% fewer accidents accidents do to insurers?

Self-driving cars: What will 90% fewer accidents accidents do to insurers?

| March 9, 2015 | 0 Comments

Human drivers are responsible for the vast majority of car accidents. A recent McKinsey study on self-driving cars is bad news for insurance, companies, it’s good news for just about everyone else. The research firm predicts that autonomous vehicles could eliminate around 90% of all automobile accidents in the U.S., saving thousands of lives and preventing up to $190 […]

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How ridesharing and carsharing insurance works

How ridesharing and carsharing insurance works

| February 4, 2015

Carshare and rideshare companies aren’t just changing the way people get around; they’re forcing changes in how auto insurance operates. Geico has begun offering a commercial insurance policy tailored for Uber, Sidecar and Lyft drivers in the state of Virginia. A source explained to BuzzFeed: “It is a year-long commercial auto policy… but like any of […]

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