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July 2018 Archives

Insurers not expected to decline with driverless cars

Many experts have predicted that the introduction of self-driving cars will mean the decline of insurance companies. A Morgan Stanley report back in 2016 estimated that the insurance industry would dwindle by as much as 80 percent by the year 2040. Newer research, however, is debunking this idea. Instead, future coverage may just be shifting away from Illinois drivers.

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