Re: Exciting times
"this will cause a serious contraction in insurance revenues."
I already see the answer to that coming, and I don't like it.
Mandatory traveler's insurance.
Insurance companies will lobby for laws that anyone getting into any vehicle, car, bus, aircraft, ship, whatever, must have fully paid up traveler's insurance for that type of vehicle, or no travel for you!
Most likely a default "personal" policy allowing travel in land based vehicles.
A "business" policy that allows air travel.
A "Holiday" policy for air/ship travel.
Etc, etc, and so forth.
The Future is coming... for your wallet. :/