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A comment on The High-Stakes Race to Rid the World of Human Drivers. Parent comment

Re:The High-Stakes Race to Rid the World of Human Drivers by avn2109 on Tuesday December 15, 2015 @01:06AM (#10736224)
You presuppose that American insurance companies are not a very effective cartel, primarily functioning in the regulatory capture industry, with a side business in insurance.

It would be cool if what you describe actually happened, but in the real world, premiums only ever move long-term in one direction: up.

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Re:The High-Stakes Race to Rid the World of Human Drivers by kobayashi on Tuesday December 15, 2015 @02:56AM (#10736525)
More or less, I agree. With fewer accidents and fewer drivers insurance companies will be looking at decreased revenues. No company wants decreased revenues of that sort. Now, I'm not 100% familiar with the insurance industry and any regulatory capture that may take place, but then would be the time for a cartel to flex its muscles and ensure that startup insurance companies don't undercut them with fair pricing.
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