So apparently Warren Buffet thinks self-driving cars are a threat to the insurance business? What's the story there?
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Interesting: who is liable in SDC accident? Fleet owner, car maker, software co, sensor co, municipality...rider in SDC at time?
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those concerns stalled 90s driverless cars (see Berkeley AHS project, PATH)
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if the masses don't own cars, they also don't need to purchase insurance on them
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Lower risk, lower premiums, smaller pot-of-$ for the insurance companies to share. He's right, SDCs will bring a price war on premiums.
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Buffett has become rich by stifling innovation, he's just doing what he does best
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fewer accidents, lower premium. Far before full autonomy. That why Freightliner went in that direction. Billions saved.
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Probably an existing arbitrage between individual and organization insurance








