Monetary Watch reports that Bank of America is testing out peopleless banks, putting teleconferencing in its place, effectively reducing the number of people needed to operate a branch — a handful would run several. Meanwhile, a report from British think tank Reform notes that "90% of British civil service workers have jobs so pointless, they could easily be replaced by robots," blaming unions for the inefficiency — no word yet as to when they will replace politicians.
As for self-driving cars, you may need a two-in-one insurance policy which, while making it easier to know who to blame when the car gets into an accident — you or the car depending on who is driving — may mean higher insurance rates. We live in interesting times.
However a spokeswoman at the Association of British Insurers, which represents insurers, said uncertainty around the introduction of driver-less cars could initially make motor insurance more expensive.
When the new technology is in place it should eventually increase road safety, potentially making policies cheaper over the longer term, she added.
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