Insights into Autonomous Vehicle Insurance Regulations
Delve into the evolving landscape of autonomous vehicle insurance regulations, exploring topics such as liability shifts, risk assessment differences, and the need for comprehensive insurance coverage. Discover how various states and countries are addressing the legal implications of self-driving cars and the potential challenges that lie ahead. Stay informed about the intricate intersection of insurance, technology, and policy in the realm of autonomous vehicles.
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Presentation Transcript
Matthew Channon Matthew Channon PhD Candidate in Motor Insurance Law at Exeter University PhD Candidate in Motor Insurance Law at Exeter University
No single uniform definition Although one which is commonly used A car which is able to perceive its environment, decide what route to take to its destination, and drive it
2025 at the earliest Some features currently in Vehicles: Park Assist, Cruise Control Google Car not going to be a Big Bang, it s going to be a series of little steps - Volvo
Many States in the USA have introduced some form of regulation, mainly on the testing of vehicles- Nevada, California and Florida Spain, Greece and Italy also have some legislation dealing with AV UK there is currently no regulation on AV Although The Pathway to Driverless Cars Summary report and action plan and Code
Eventual Shift from driver liability (Charlton v Fisher) Manufacturers will need insurance USA: Nevada, California and Florida : $5 Million minimum Michigan: No minimum insurance requirement for manufacturers but must prove that they can cover for liability (Charlton v Fisher) to manufacturer s liability Manufacturers will need insurance minimum deposit
Risk will be assessed differently from the driver s characteristics to the vehicle s characteristics.
Manufacturers insurance will not replace driver s insurance Questions raised which will need answering: Cases involving dual responsibility- driver omission but faulty vehicles Cases involving disabled drivers Unknown cause of accidents Conflicts between manufacturer s insurers and driver s insurers likely
US regulation is very messy and despite contention otherwise, it is argued that the US needs federal regulation to ensure a consistent approach to liability Potential for significant barriers to free movement in EU if a consistent approach is not taken Should take time and careful consideration to ensure that the right approach is taken
