Bloomberg's new report is worrisome--it suggests that the fragmented US regulatory system for road safety and driving is leading  the US to fall behind in testing and innovation in the area of autonomous vehicles.  There is the same concern in the insurtech/insurance innovation area.  

The large potential US market--whether for autonomous vehicles or for innovative insurance products--means that innovations and their related benefits will likely come to the US sooner or later.  However, falling behind in innovation could mean that the wealth from such innovations will be created in other jurisdictions.  For instance, while Silicon Valley companies such as Apple, Google and Facebook obviously have employees and investments around the world, the greatest wealth creation from their businesses still is in the US.