Will the Auto Insurance Industry Survive Self-Driving Cars


Google Celebrates 15th Anniversary As Company Reaches $290 Billion Market Value

Google has been publicly testing self-driving cars in its backyard for a few years, but it was only last week that the world found out the company had quietly spun off a separate company, Google Auto, to oversee its car-related ventures.

Citing documents obtained through a Public Records Act request, the Guardian reported on Aug. 1 that Google Auto LLC was created in late 2011.

The company was established as a limited liability company, the report says, likely to protect the parent from liability in its risky new endeavor: If Google test vehicles get into accidents, the legal separation makes it more difficult for a plaintiff to go after Google’s assets in court.

http://www.theepochtimes.com/n3/1701841-will-the-auto-insurance-industry-survive-self-driving-cars/

WILL THE AUTO INSURANCE INDUSTRY SURVIVE SELF-DRIVING CARS


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Citing documents obtained through Public Records Act request, the Guardian reported on August 1 that Google Auto LLC was created in late 2011.

The company was established as a limited liability company, the report says, likely to protect the parent from liability in its risky new endeavor: If Google test vehicles get into accidents, the legal separation makes it more difficult for a plaintiff to go after Google’s assets in court.

http://www.infowars.com/will-the-auto-insurance-industry-survive-self-driving-cars/