Why a driverless car future is going to make a huge dent in auto insurance revenues. Self-driving cars may sound like a really cool future technology, but in reality, autonomous cars are already here and their growing numbers will eventually seriously impact auto insurance revenues by up to 60 percent, car experts say. So how are insurance companies, automakers and government entities preparing for this major industry disruption? The auto insurance industry collects almost $200 billion a year in premiums. Thanks to incredible leaps in technology, automakers have been making cars increasingly safer and less accident-prone.
Globally, 25 mega-cities (10 million or more inhabitants) exist today. By 2030, there will be 28 mega-cities in China alone. Such growth poses immense challenges for parking, traffic congestion and air quality – but connected vehicles may hold the key to solving those problems. Here’s why: http://bit.ly/22ke6LO.
Cars aren’t for simple point A to point B trips anymore. Increasingly, cars are high-tech ecosystems – so-called “smartphones on wheels.” So how does the satellite industry fit into these emerging innovations? Satellite Today spoke with some top car executives to find out: http://bit.ly/22kdXYK.
Ninety-four-year-old Florence Swanson once rode in a Ford Model-T. She recently rode in a Google self-driving car for the first time. “You haven’t lived until you get in one of those cars,” she says. And Google thinks other seniors may feel the same way. Here’s why: http://bit.ly/1TRFTSa.
Thirty-two-thousand people died in auto accidents last year. How many of those deaths could have been prevented by self-driving cars? To be fair, it’s impossible to know – but experts say, new technologies will dramatically reduce the number of accidents and fatalities on our roads in just a few short years. Find out more: http://bit.ly/1TFfbNa.
Can connected cars be hacker-proof? Research by analysts at IDC on behalf of application security firm Veracode say cyber threats are three years ahead of cyber defenses today – but that gap is narrowing. Here’s why: http://zd.net/1QITrZE.