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Benzinga
Benzinga
Business
Vishaal Sanjay

Chamath Palihapitiya Warns Of 'Massive Value Destruction' For Insurers In Autonomous Era — Only 'Rich Enthusiasts' Will Continue To Drive

Chamath Palihapitiya United States Insurance Alphabet Inc Google Tesla Inc. Waymo BRK
Elon,Musk,,Ceo,Of,Tesla,,In,A,Formal,Suit,With

Billionaire investor Chamath Palihapitiya is predicting a significant shift in the auto insurance industry, driven by the growing penetration of Alphabet Inc.’s (NASDAQ:GOOG) Waymo and Tesla Inc.’s (NASDAQ:TSLA) Cybercab in the U.S. domestic mobility market.

‘Massive Value Destruction’ For Insurers

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