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Self-driving cars will be good for safety but bad for insurers, predicts Warren Buffett

Replacing human drivers with self-driving vehicles will make transportation safer but hurt the car insurance industry, says Warren Buffett, the CEO of Geico-parent Berkshire Hathaway, according to Autoblog.

“There’s no question,” Buffett told CNBC’s Squawk Box. “Anything that makes cars safer is very pro-social, and it’s bad for the auto insurance industry.”SM