Lyft, GM Join Forces To Create Fleet Of Driverless Cars – Is Insurance Ready?

Ridesharing company Lyft is breaking new ground through a formal partnership with General Motors to create a fleet of autonomous, self-driving vehicles. The driverless cars will transport passengers to their desired destinations and have options like Wi-Fi or TV. Lyft hasn’t released a specific timeline on when the fleet will go into operation, but the $500 million partnership is a clear attempt to take the lead with the new technology in an already innovative industry. What is less certain is whether insurance companies will be prepared with the proper insurance products to cover these vehicles.