I'm on a trip and just saw a Waymo and thought – who is insuring this and how are they pricing the risk? What insurance coverages does California require?
How are Waymo self-driving taxis insured?
byu/Ranked-choice-voting inInsurance
Posted by Ranked-choice-voting
1 Comment
typical commercial auto insurance policies are 1M CSL and its up the the companies and underwriting on how they rating the exposure. Since they are owned by Google, they have a huge excess liability policy(s) on top as well with numerous companies layering them. Also, I’m sure they also self insure themselves a large amount or have a huge retention/deductible limit backed several reinsurance companies.