ADVERTISEMENT
Old Republic Is Liability Insurer for Uber's Self-Driving Cars
Old Republic Is Liability Insurer for Uber's Self-Driving Cars
22 Mar 2018, 02:53 PM IST
(Bloomberg) -- Old Republic International Corp., the Chicago-based insurer, provides commercial liability coverage of as much as $5 million for each of Uber Technologies Inc.’s self-driving vehicles.
The policy covers bodily injury, death and property damage, an Uber spokeswoman said on Wednesday.
An Uber vehicle struck a woman in Tempe, Arizona, on Sunday in the first known case of a pedestrian killed by a self-driving car.
To contact the reporter on this story: Brian Louis in Chicago at blouis1@bloomberg.net.
To contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Dan Reichl, Peter Eichenbaum
©2018 Bloomberg L.P.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT