Why do we need regulations on autonomous cars beyond an insurance requirement?
People seem to be excited about government regulations around self-driving cars. I’m wondering why this couldn’t be reduced to “Your self-driving car needs a $20 million liability insurance policy from an A-rated company.” The insurers aren’t going to underwrite high risks, presumably.
On a boat tour of Ft. Lauderdale’s rich waterfront houses, the captain/guide told us of his experience working on big private yachts. I asked him “If I am a rich douchebag can I buy a crazy long yacht tomorrow and, knowing nothing about boats, start driving it around?” He explained that Coast Guard regulations are essentially irrelevant because long before a regulation would require training or certification the boat’s insurer would insist on a licensed captain and perhaps additional crew members.
This is also true in aviation. A woman who got her pilot certificate yesterday can get into a $5 million Pilatus PC-12 and push the start button from an FAA point of view. But no insurance company would allow that.
Why not assume that underwriters are prudent and can evaluate the risks of self-driving vehicles at least as well as government workers and politicians?
[Maybe tweak this with a requirement also for comprehensive data and video logging in any self-driving car so that it is easier to determine if the self-driving vehicle caused an accident. But that would still be only a couple of paragraphs of regulation.]
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