California startup revs up $5 million for self-driving auto insurance

With more and more semi-autonomous and eventually autonomous vehicles hitting the road, the auto industry is in for some changes, including how to insure these self-driving cars and trucks.

Avinew, an insurtech startup headquartered in the Los Angeles County city of Westlake Village, is coming out of stealth with $5 million in funding to address this emerging need and a Tesla veteran as its new COO.