Self-Driving Cars Could Create a Bit of a Nightmare for Insurers

It's seems that nearly every automaker is touting a future of self-driving cars.

It's seems that nearly every automaker is touting a future of self-driving cars. Automakers, including Tesla (TSLA) , Ford (F) and General Motors (GM) have indicated that fully autonomous vehicles are just a few years away. Companies like Google (GOOG) are investing in the technology, and even Apple (AAPL) is rumored to be thinking about a self-driving car. But Moody's believes it will be decades before autonomous cars are widely adopted, projecting they won't become nearly universal until 2055. When self-driving cars are finally tooling around the highways,  it will be disruptive for more than just the auto industry. 'As transformational as it will be for the auto industry, it will be similarly transformational for the auto insurance industry,' explained Marc Pinto, managing director at Moody's Investors Service, which released a report on how the insurance industry will be impacted by the move to futuristic cars.