Self-driving cars could lead to the end of the auto insurance industry

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Automated vehicles could be a significant risk for insurers, but not in the traditional sense Automated driving could place the auto insurance industry at risk, at least to some degree. Self-driving cars are already a reality, but such vehicles are currently only available for testing purposes. These vehicles are praised as being safer than their conventional counterparts, largely because they are not operated by humans. Human error is the leading cause of most car accidents, and removing people from the driving equation could have a major impact on the auto…

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Health care reform law may be having a modest impact on the uninsured

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The uninsured may not see a need to use insurance exchanges One of the primary goals of the Affordable Care Act in the U.S., widely known as Obamacare, is to make health insurance coverage more accessible to those that did not have insurance coverage in the past. A new study from McKinsey shows, however, that the vast majority of those that have received coverage through the federal law’s provisions already had insurance. Notably, the survey suggests that many of the people that have enrolled for coverage through their state’s insurance…

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