Liberty Mutual CEO Says Driverless Cars Could Put Dent in Auto Insurance Market - BodyShop Business

Liberty Mutual CEO Says Driverless Cars Could Put Dent in Auto Insurance Market

A report from the Boston Globe on Google’s plan to manufacture 100 cars without steering wheels and brakes and start testing them out quoted Liberty Mutual CEO David Long as saying, “[Driverless cars] are coming, and it will have a significant impact. Thank God in a shrinking market, we don’t just insure cars, we insure property.”

When asked about whether they feel driverless cars may hurt the auto insurance business, some collision repairers have replied, “The insurers will figure out some way to make it mandatory to keep your same level of insurance.” But Long’s comments at the Greater Boston Chamber of Commerce breakfast seem to indicate real worry on the other side.

Long said in the Globe story that more than 60 percent of consumers trust driverless technology. But he personally still prefers to use a steering wheel and drive a car.


More information:

Read the full story in the Boston Globe

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