There are also major repercussions for other lines of insurance
Rapid advancements in self-driving technology are poised to transform America’s trucking industry. An estimated 380,000 long-haul truck drivers could be replaced by autonomous vehicles (AV) in the next five years, according to Deloitte.
This could have huge repercussions for the insurance industry, with a potential loss of around $3 billion worth of workers’ compensation premiums and significant shifts in commercial auto, product and professional liability, and cyber lines of insurance, the global consulting firm said in a rece