Florida lawmakers are currently dealing with a new proposal that shall standardize new insurance requirements for those who work with the likes of Uber and Lyft. The proposal seeks to ensure accident victims and passenger of enough protection and compensation should unexpected circumstances arise. However, the transportation regulation system burdens on the shoulders of legislators are far from over.
The growing and improving self-driving system is said to minimize vehicular accidents by a whopping 90%, saving about 27,000 lives every year. However, it does not yet guarantee a 100% accident-free driving experience wherever the self-driving cars may be employed in the long run. While the new and slowly transforming transportation system has become convenient for mostly everyone, the gradual shift to self-driving technology presents a new dilemma for lawmakers and insurance firms.
Traditionally, when two vehicles collide, the driver who was proven to be at fault is charged for all the liabilities that resulted from the accident. However, the question remains unanswered for such cases in which self-driving vehicles are involved. Lawmakers are currently under pressure to come up with new legislations that shall address liability issues when it comes to vehicular accidents involving self-driving technology. According to Business Insider Intelligence, about 10 million self-driving cars will hit the roads by 2020.
Atty. Marc Mayerson of Georgetown University believes that there has to be a new mechanism that covers auto accident compensations and does not spare self-driving vehicle passengers from future liabilities.
Car owners shell out a hefty sum of money for insurance premiums and there are minimum requirements in order to be able to freely drive around the country. For example, in California, they are mandated to carry at least $15,000 in bodily injury coverage per person and $30,000 per accident. There is also required $5,000 coverage for property damage.
Drivers will enjoy substantial savings once liability is taken out of the equation. In line with this, Mayerson suggests that the liability shall be covered by the manufacturer of the self-driving vehicle instead since it plays a vital role in causing damages. Simply speaking, if proven that an accident is the fault of the self-driving technology, the manufacturer is then held liable for the resulting injuries.