Auto Industry Developing Standards for Self-Driving Cars
One reason for this system is to make it easier to insure self-driving vehicles. Such standards will be vital if insurers are to develop policies for autonomous vehicles.
Read MoreIn individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
One reason for this system is to make it easier to insure self-driving vehicles. Such standards will be vital if insurers are to develop policies for autonomous vehicles.
Read MoreThis Internet giant could well become the Exxon of the 21st century, a company that is the backbone of the new econmy. Google has a lot of float, and it performs consistently.
Read MoreOne problem facing both FedEx and UPS is that future growth in online retail is going to come in areas outside their normal business.
Read MoreIf that prediction is true auto insurance costs could drop by as much as 80% because accidents are the main risk ensured for. By the year 2040 your auto insurance bill could be $10 or $15 a month for a brand new car!! Naturally that won’t do Progressive (NYSE: PGR) and Allstate’s (NYSE: ALL) profit margins much good.
Read MoreEntering auto insurance would make a lot of sense for Uber because insurance has been one of the barriers blocking drivers from adopting its service. Some communities, like Kansas City, Missouri, have even banned Uber because of inadequate insurance. Offering insurance could remove that barrier and defuse one of the taxi cab industry’s main objection to Uber.
Read MoreHard to say, but after this deal, Uber is behaving more and more like a hedge fund company or a venture capital firm. It uses its core transportation business to generate cash then reinvests that cash in other ventures.
Read MoreA look at Apple Pay’s website indicates that most of the retail outlets taking the payment app are specialty stores and smaller regional chains. From the looks of it, Apple is still having a very hard time getting retailers to adopt its payment solution.
Read MoreWalmart is now one of the leaders in the world of ecommerce. Its cutting edge capabilities make it a company to watch.
Read MoreAn Austin, Texas, resident named Demetrious Kourniaris was left standing out in the sun in temperatures of over 100 degrees because Uber drivers refused to transport him and his guide dog on two separate occasions. To add insult to injury, Uber charged Kourniaris cancellation fees on both occasions.
Read MoreThe whole telematics issue raises the interesting question of whether auto insurers are still a good investment. Value investors like Warren Buffett have long thought of auto insurers that way because of all the float their premiums generate, but is that still true in the face of all the competition in today’s insurance industry?
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