Happy Wednesday! In this week’s Big I Buzz: how autonomous vehicles are poised to reshape the insurance industry. Plus, a new report reveals that over 250,000 Wisconsinites could lose health coverage under a proposed federal plan.

Goldman Sees Autonomous Vehicles Transforming Insurance World

As autonomous vehicle technology advances, the $400 billion U.S. auto insurance market is poised for major changes. Goldman Sachs predicts that a sharp decline in accidents caused by human error will reduce costs and transform the industry—but key questions around liability remain. Over time, autonomy is expected to significantly lower accident frequency and shift how claims and legal responsibility are handled. With the autonomous vehicle market projected to hit $7 billion by 2030—and virtual driver technology for Class 8 trucks alone estimated at $5 billion—the impact on insurance is just beginning. Read more here.

Sen. Baldwin: Report Shows Bill Will Terminate Health Insurance for Over 250,000 Wisconsinites

A new report, cited by U.S. Sen. Tammy Baldwin, reveals that the House-passed Republican budget proposal would strip Medicaid coverage from approximately 148,000 Wisconsin residents and eliminate enhanced Affordable Care Act tax credits—jeopardizing health insurance for an additional 110,000 families, for a total of 258,396 people across the state. Nationwide, the measure puts coverage for 16 million Americans at risk, including 8.5 million on ACA plans and 7.4 million on Medicaid. Baldwin criticizes the plan as favoring corporate and wealthy interests at the expense of working families, seniors, children, and rural communities. Read more here.

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