A 50% drop in auto accidents could lead to a 50% drop in premiums. Archives

Self-Driving Cars Are Almost Here: Is the Insurance Industry Ready?

August 2, 2015March 17, 2016 daniel A 50% drop in auto accidents could lead to a 50% drop in premiums., Auto Insurance Is Still a Value Investment, Berkshire Hathaway, Charley Munger, Costco, Disruptive Technology, Elon Musk, GOOG, GOOGL, Google, Income Inequality, Mr. Market, Mr. Money Mustache, Tesla, That shows us that major dips in insurance company revenue could be right around the corner as well as decreases in premiums., There will be fewer cars, TSLA, Warren Buffett, WMT

Even Warren Buffett, whose Berkshire Hathaway (NYSE: BRK.B) owns the iconic GEICO, has taken notice of the potential havoc this disruptive technology could wreak on insurers.