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The Almighty Buck

Will Autonomous Cars Be the Insurance Industry's Napster Moment? 231

An anonymous reader writes: Most of us are looking forward to the advent of autonomous vehicles. Not only will they free up a lot of time previously spent staring at the bumper of the car in front of you, they'll also presumably make commuting a lot safer. While that's great news for the 30,000+ people who die in traffic accidents every year in the U.S. alone, it may not be great news for insurance companies. Granted, they'll have to pay out a lot less money with the lower number of claims, but premiums will necessarily drop as well and the overall amount of money within the car insurance system will dwindle.

Analysts are warning these companies that their business is going to shrink. It will be interesting to see if they adapt to the change, or cling desperately to an outdated business model like the entertainment industry did. "One opportunity for the industry could be selling more coverage to carmakers and other companies developing the automated features for cars. ... When the technology fails, manufacturers could get stuck with big liabilities that they will want to cover by buying more insurance. There's also a potential for cars to get hacked as they become more networked."

Microsoft Confirms It Is Dropping Windows 8.1 Support 575

snydeq (1272828) writes "Microsoft TechNet blog makes clear that Windows 8.1 will not be patched, and that users must get Windows 8.1 Update if they want security patches, InfoWorld's Woody Leonhard reports. 'In what is surely the most customer-antagonistic move of the new Windows regime, Steve Thomas at Microsoft posted a TechNet article on Saturday stating categorically that Microsoft will no longer issue security patches for Windows 8.1, starting in May,' Leonhard writes. 'Never mind that Windows 8.1 customers are still having multiple problems with errors when trying to install the Update. At this point, there are 300 posts on the Microsoft Answers forum thread 'Windows 8.1 Update 1 Failing to Install with errors 0x80070020, 80073712 and 800F081F.' The Answers forum is peppered with similar complaints and a wide range of errors, from 800F0092 to 80070003, for which there are no solutions from Microsoft. Never mind that Microsoft itself yanked Windows 8.1 Update from the corporate WSUS update server chute almost a week ago and still hasn't offered a replacement.'"

"The most important thing in a man is not what he knows, but what he is." -- Narciso Yepes