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Keyword
autonomous vehicle

News Insurance

A cybercriminal hijacks an autonomous vehicle. Who’s responsible for a crash?

May 12, 2021 by Adam Malik

Vehicle manufacturers are likely going to be on the hook for damages following autonomous car crashes in which no human being is controlling the vehicle, a cyber insurance specialist says. “Certainly, one of the more dramatic ways of thinking about

News Insurance

What is the future of ridesharing insurance in Canada?

August 27, 2020 by Jason Contant

Once autonomous vehicle technology becomes commercially feasible for public transportation, it will be widely adopted, predicts Obaid Rahman, vice president of commercial underwriting and specialty lines at Economical Insurance. “In my view, when autonomous technology is commercially viable for public

News Technology

Don’t count on self-driving cars being just around the corner

May 29, 2019 by Greg Meckbach

If you are led to believe most of your clients will get around in self-driving cars within a decade, you might want to think again. “Autonomous vehicles will likely not be on our roads for at least another 25-30 years,

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Uber nearing autonomous cars without human backup driver

January 19, 2018 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Uber plans to carry passengers in autonomous vehicles without human backup drivers in about the same time frame as competitors, which expect to be on the road at the latest sometime next year, the service’s autonomous vehicle chief

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Ontario government launches autonomous vehicle demonstration zone in Stratford

November 8, 2017 by Canadian Underwriter

The government of Ontario announced on Wednesday that it has launched the Autonomous Vehicle Innovation Network (AVIN) in Stratford, Ont., a “unique demonstration zone” that is among the first of its kind in Canada to “allow researchers to hone the

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Magna unveils autonomous driving platform it says “can be integrated into any vehicle”

August 31, 2017 by Canadian Underwriter

Magna International Inc. unveiled on Wednesday an autonomous vehicle platform it says “can be integrated into any vehicle without compromise to vehicle design and styling.” MAX4 is a fully integrated, customizable and scalable autonomous driving sensing and compute platform that can enable up to Level 4 autonomous driving capabilities in both urban and highway environments, Magna said in a press release on Wednesday.
The SAE (Society of Automotive Engineers) International defines Level 4 as “high automation,” where the automated driving system performs all…

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Lyft forms own autonomous vehicle unit, will open network

July 24, 2017 The Associated Press

DETROIT – Lyft said Friday that it is setting up its own unit to develop autonomous vehicle technology, but its approach will be different from other companies and partnerships working on self-driving cars. The San Francisco-based ride-hailing service said it

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Turn Signal

May 1, 2017 Angela Stelmakowich, Editor

Technology is driving change in the vehicle manufacturing sector, prompting property and casualty insurers to consider how best to protect an already-pressured auto book. Will partnering with vehicle makers offer an opportunity to share the driver’s seat as highly automated and then autonomous vehicles take hold? Or will changing use patterns and battles over data relegate insurers to thumbing a ride?

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Uber self-driving cars are coming back to California roads

March 10, 2017 The Associated Press

SACRAMENTO, Calif. – Uber’s self-driving cars will return to California’s streets, though the ride-hailing company doesn’t immediately plan to pick up passengers. Uber received a permit Wednesday to test two Volvo SUVs on public roads, the California Department of Motor

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Insurance undergoing “a fundamental structural change”: KPMG speaker

December 8, 2016 by Angela Stelmakowich

The insurance industry is undergoing structural change with the emergence of platform-based business models and insurers need to ready themselves to be able to take part, Matthew Smith, insurance co-lead for the Global Strategy Group at KPMG, suggested during the

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Autonomous vehicle tech company Nauto enters into strategic agreements with Allianz Ventures, BMW and Toyota

October 11, 2016 by Canadian Underwriter

Autonomous vehicle technology company Nauto announced on Friday that it has entered into strategic agreements with BMW i Ventures, the Toyota Research Institute and Allianz Ventures, part of global financial services provider and insurance company Allianz Group. These companies have

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Ford plans to have fully autonomous commercial vehicle in ridesharing capacity by 2021

August 17, 2016 by Canadian Underwriter

Ford Motor Company has announced that it intends to have a “high-volume, fully autonomous SAE level 4-capable vehicle in commercial operation in 2021 in a ride-hailing or ride-sharing service.” To get there, the Dearborn, Mich.-based company said in a statement