Last month the New York Times’ Kashmir Hill published a major story on how GM collects driver behavior data then sells access (through LexisNexis) to insurance companies, which will then jack…
Yeah, that is an important side effect of this. In their constant pursuit of higher profits, insurance companies can use this data to more accurately analyze what factors into making someone high risk.
They sure as hell won’t be discounting people that don’t show those traits, but it’s something.
Yeah, that is an important side effect of this. In their constant pursuit of higher profits, insurance companies can use this data to more accurately analyze what factors into making someone high risk.
They sure as hell won’t be discounting people that don’t show those traits, but it’s something.