It is in the insurance industry’s best interest to use automated driving technology to make things safer through crash avoidance, not just crash mitigation. Unlike crash mitigation, crash avoidance saves the insurance company money. This was Alain Kornhauser’s premise for the Smart Driving Car Summit, Incentivizing Through Insurance. The trillion-dollar question is whether the incentives […]
Tag: level 3
Building a culture of safety is a prerequisite to building an autonomous vehicle. That’s one conclusion from the insightful Smart Driving Car Summit panel, Safe Enough in the Operational Design Domain. The moderator for this panel, Marjory Blumenthal Senior Policy Researcher, RAND Corporation is well versed in this topic, having recently published two reports on […]
The road to safe-driving is one with a destination that is always just out of reach. That is, paraphrasing Princeton Professor Dr. Alain Kornhauser, 100% risk-free transportation is unachievable. With that in mind, Kornhauser did an excellent job of organizing a panel of experts from Europe and America to discuss existing and future solutions to […]
Level 3 Communications Inc. announced today that it would buy Global Crossing (GC) in an all stock-for-stock transaction valued at US$1.9 billion (after assumed debt). As part of the deal, which is expected to close by year end, Level 3 will assume $1.1 billion of GC’s debt. The two companies had combined 2010 revenues of […]