Your concerns about technology are pure BS. Leave those poor corporations alone

[Egnever]

39. How is insurance a game stopper?

If anything the insurance companies are in a panic because it is going to kill the car insurance industry.

http://www.latimes.com/business/la-fi-agenda-driverless-insurance-20160620-snap-story.html

The auto insurance industry faces upheaval in the next 25 years as the migration to autonomous safety features — and ultimately a self-driving car — shifts more of a car’s accident risk from the driver to the vehicle, analysts said.

The number of accidents is expected to drop sharply because currently more than 90% of accidents are caused by driver error. That could lower insurance bills for consumers. The U.S. market for personal auto insurance policies, which currently generates $200 billion in premiums a year, could shrink substantially, some experts predict.

But KPMG estimates that over the next 25 years, the number of accidents could plunge 80% from current levels, which “will go right to the core of the business” of providing car insurance, said Jerry Albright, a KPMG principal also on the task force.

Billionaire investor Warren Buffett, whose Berkshire Hathaway Corp. owns Geico insurance, told an automotive forum last year that “we would not be throwing a party at our insurance business” when self-driving cars arrive, even though that day remained “a long ways off.”