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…
  • PirateJesus@lemmy.todayOPEnglish
    2·
    8 months ago

    Here’s a “funny” story. Back in the day I was working (IT) for insurance companies. I’ve pitched an idea to one of the larges companies about a device connected to an OBD port to track a driver’s habits and adjust premiums based on that. I was turned down, but I heard from an unofficial source that the company was already testing such a device. That was 15 years ago.

    Privacy regulations? They don’t know how to handle all the data? They realized they’d have to triple rates based on the actual data they were receiving?