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You are here: Home / News / U.S. House Housing and Insurance Subcommittee Hearing Examines Future of Automobile Insurance in Era of Autonomous Vehicles

U.S. House Housing and Insurance Subcommittee Hearing Examines Future of Automobile Insurance in Era of Autonomous Vehicles

May 24, 2018 By CollisionWeek Editor

The U.S. House of Representative Financial Service Committee Housing and Insurance Subcommitee met yesterday to examine the development of the autonomous vehicle and its effect on the future of automobile insurance. For the first time, emerging automobile technology is intersecting with the financial industry, changing the business of property and casualty insurance.

The hearing examined the relationship between insurance companies, automobile manufacturers, and technology companies to better understand the impact of autonomous vehicles on the future of insurance policy.

 “Technology is catching up with movies like Blade Runner, Demolition Man, and Minority Report,” said Subcommittee Chairman Sean Duffy (R-WI). “The

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Filed Under: News Tagged With: Auto Insurance, Autonomous Vehicles, U.S. House of Representatives

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