Insurance regulators are a diverse bunch. Some are elected, while others are appointed. Some are Republicans, while others are Democrats. At the triennial meeting of the National Association Insurance Commissioners in San Diego, regulators were united in their interest and concern about self-driving vehicles.
Autonomous-vehicle technology stands to reshape both the insurance industry, and society as a whole, dramatically. California Insurance Commissioner Dave Jones noted as part of a panel discussion on the topic that his principal concern as a regulator was that insurance markets be able to adapt to the emerging technology, citing California’s recent experience with transportation network companies and the work to craft legislation normalizing insurance requirements for the then-emerging industry.
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