Warren Buffett: Autonomous driving cars 'will be bad' for insurance industry

Warren Buffett: Autonomous driving cars 'will be bad' for insurance industry

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/05/07/warren-buffett-autonomous-driving-cars-will-be-bad-for-insurance-industry.html

Berkshire Hathaway Chairman and CEO Warren Buffett said Monday the trend towards autonomous driving cars will hurt the auto insurance industry.

"Net it will be bad for the auto insurance industry over time if autonomous cars become a big part of the fleet," Buffett said on CNBC's "Squawk Box." "It's very hard to tell who the winner will be" in autonomous driving.

Warren Buffett: Autonomous driving cars 'will be bad' for insurance industry

May 7, 2018, 2:22pm UTC
https://www.cnbc.com/2018/05/07/warren-buffett-autonomous-driving-cars-will-be-bad-for-insurance-industry.html >Berkshire Hathaway Chairman and CEO Warren Buffett said Monday the trend towards autonomous driving cars will hurt the auto insurance industry. >"Net it will be bad for the auto insurance industry over time if autonomous cars become a big part of the fleet," Buffett said on CNBC's "Squawk Box." "It's very hard to tell who the winner will be" in autonomous driving.