Lates News

Ajit Jain, Vice Chairman of Berkshire Hathaway's insurance business, said, "Currently, most insurance transactions revolve around driver-operated errors and the frequency of these errors. If autonomous vehicles are safer, the demand for insurance against human error may decrease, but product liability insurance may increase." At the same time, Jain pointed out that the maintenance costs of these cars will increase significantly due to the embedded technologies in the vehicles.