Yonhap Infomax NewsMajor U.S. auto insurers face long-term headwinds as AI and autonomous driving technologies threaten to shrink the personal auto insurance market, with Progressive and Allstate already seeing share price declines amid investor concerns.
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'Autonomous Driving Strikes Back'—AI Disruption Theory Hits Auto Insurance Market
Major U.S. auto insurers face long-term headwinds as AI and autonomous driving technologies threaten to shrink the personal auto insurance market, with Progressive and Allstate already seeing share price declines amid investor concerns.