The House Transportation Committee this week continued its study of autonomous and connected vehicles and related policy considerations. This week the focus was on insurance.
Committee members heard from two national insurance trade associations and from three individual insurers: Nationwide, State Farm and Munich Reinsurance. Not surprisingly the chorus of insurers called for safety policies and clarification of liability issues.
Nationwide detailed the need for insurers to have access to data collected by new systems that will be needed to calculate risk.
The Property Casualty Insurers Association of America advised the state to “establish new, distinct financial responsibility requirements for the manufacturers of autonomous driving systems.”
The National Association of Mutual Insurance Companies addressed recent safety setbacks associated with autonomous vehicles and discussed the work going on to develop standards for Automated Driving Systems. 4/11/2018