Quote:
Originally Posted by 10023
They’re all going to lose their jobs to self-driving vehicles in our lifetimes anyway.
|
Insurance and regulatory law are part of my professional bailiwick and honestly I have doubts about whether that will actually happen. Currently in insurance there isn't a lot of comfort in providing coverage for "Cyber" risks or the "Cyber" exposure of traditional risks. Things like accidents caused by third party tampering with the ECU in motor vehicles absolutely terrify insurers (and more importantly reinsurers since insurers can't write policies that they can't subsequently insure) who struggle to find a way to quantify and price that kind of exposure. Just this past week I got in an argument with a major reinsurer that has decided that they don't want to cover any "cyber" exposure related to Medical Malpractice (which could range from data breach that exposes patient records to a technician that fails to calibrate the software controlling scanning equipment) in any context, be it malicious breach or simply badly designed or maintained computer equipment. So while self-driving cars may happen, getting it to the point where they can be totally autonomous without having a responsible driver at hand to intervene at any moment may be even further away.
Likewise, the regulatory environment still hasn't moved very far or fast regarding how to reconcile the use of drones with existing rules governing aircraft, model aircraft, controlled airspace, and uncontrolled airspace. Rules and regulations that are years behind schedule and yet to be tested. At the Federal level no less which is arguably easier than trying to address regulations for self-driving autos which will be regulated at the state level for each individual state. Even getting states to adopt model clauses they've agreed to in principle is a slow process...in one case we're going on eight years and have managed to get 35 states on board thus far. Some states, like Texas, have legislative chambers that meet very infrequently (for Texas, a single 140 day session every 2 years). So bandwidth to tackle controversial topics can be rather low.