Self Driving Car Robopocalypse! The Implications and Impacts of Self Driving Cars

The advent of commercially available self-driving cars is about five years away, but already some are thinking about how they will disrupt the economy and how society operates in general. The Wall Street Journal suggested on Sunday that one industry that will suffer is that of auto insurance. Since the vast majority of auto accidents are caused by human error, the more self-driving cars that are on the road, the fewer accidents will occur. Such accidents that would happen would be the result of hardware and software malfunctions. Insurance for self-driving cars would more resemble product liability coverage than the sort of auto insurance we have today.

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