312-922-8001

info@thegecgroup.com

  • About
  • Services
    • Antitrust & Competition
    • Construction
    • Crop & Agriculture
    • Healthcare
    • Insurance
    • Intellectual Property
    • Labor & Employment
    • Valuation & Financial Analysis
  • Professionals
    • Matthew J. Murdock
    • Cornelius A. Hofman
    • Brigham R. Frandsen
    • Karen H. Romrell
    • Gregory G. Green
  • News & Insights
  • Careers
  • Contact
The GEC Group
  • About
  • Services
    • Antitrust & Competition
    • Construction
    • Crop & Agriculture
    • Healthcare
    • Insurance
    • Intellectual Property
    • Labor & Employment
    • Valuation & Financial Analysis
  • Professionals
    • Matthew J. Murdock
    • Cornelius A. Hofman
    • Brigham R. Frandsen
    • Karen H. Romrell
    • Gregory G. Green
  • News & Insights
  • Careers
  • Contact

News & insights

AUTO RISK AND INSURANCE

5/10/2017

 

​The Economic and Legal Impact of Robot Cars: Insurance, Liability, and Damages

The widespread adoption of robot cars could have a revolutionary impact, reducing injuries and fatalities and transforming the industry from car ownership to ride-share services. The auto insurance industry may wither, as the idea of personal car ownership slowly disappears. And without human drivers, or insurance policies to match, traditional approaches to liability may have to evolve. Already, with a rapidly growing list of computerized functions such as antilock braking, electronic stabilizing, traction controlling, tire pressure monitoring, adaptive cruise controlling, blind-spot detecting, collision warning, lane-departure warning, and emergency brake assisting, one begins to wonder, who's really driving.

The courts have faced disruptive technologies before.

In 1916, the New York Times declared that autopilot systems / aeroplane stabilizers would “make the heavier-than-air machines practically foolproof." Like autonomous vehicles, these aviation advancements were lauded as great safety improvements, and were expected to have a significant impact on liability, making it more likely that autopilot manufacturers would be held to account when planes did crash.

Also in the early 1900s, automatic elevators began to replace manual elevators, and when the initial technology proved dangerous, states began enacting specific safety requirements for elevators. The insurance industry developed a special “elevator liability” insurance, and courts deemed elevators “common carriers” which held operators and manufacturers to the highest duty of care under the law.

In a robot car future, will liability shift from man to machine? Who will carry what type of insurance? And how will litigation change, and what will damages look like?​
Read the Full Article

Add us to your expert file and get our next news post automatically. We'll never share your contact information with others.


Comments are closed.

    Categories

    All
    Case Studies
    Outside Stories

    Archives

    February 2023
    April 2020
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    December 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    March 2018
    February 2018
    July 2017
    June 2017
    May 2017
    April 2017

© 1970-2023. The GEC Group
  • About
  • Services
    • Antitrust & Competition
    • Construction
    • Crop & Agriculture
    • Healthcare
    • Insurance
    • Intellectual Property
    • Labor & Employment
    • Valuation & Financial Analysis
  • Professionals
    • Matthew J. Murdock
    • Cornelius A. Hofman
    • Brigham R. Frandsen
    • Karen H. Romrell
    • Gregory G. Green
  • News & Insights
  • Careers
  • Contact