No Need For Insurance: How Self-Driving Cars Will Disrupt A $200 Billion Industry

This possibility is outlined in an essay by Yale Law School student Jack Boeglin in the current issue of the Yale Journal of Law & Technology. “If nondiscretionary-communicative vehicles became mandatory (as the introduction of either the interactive or remote-controlled models might require), there would be no need for private insurance, since all liability for AVs would be transferred to manufacturers,” writes Boeglin. He adds, “Eliminating the entire automobile insurance industry (which has roughly $200 billion dollars in annual revenue) would be a monumental boost to administrative efficiency.”