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Originally Posted by EdRedCamaro2
If your insurance company increased your premium, would you ask why? And if they were to explain that they got the information from OnStar or GM telemetry, that would be ethically, if not legally wrong. (1) I would threaten a lawsuit, (2) I would find a new insurance company. Plenty of choices for insurance these days.
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I would ask why. Do you think companies tell you the truth 100% of the time? I've had premiums go up due to "many customer claims filed for the year." True though, there are always choices.
Quote:
Originally Posted by Rogue Leader
No... Its not even close to true and completely far off the mark.
Contrary to popular belief, unless the insurance company knows FOR SURE you are doing something bad they don't have the time or resources to spend hunting down and reviewing every single policy holder. I know this because I used to work for one of the big ones. Trust me when I tell you the place is filled with employees running around with their hair on fire because there is not enough hours in the day to do the normal stuff let alone go on a "fishing expedition".
At best the insurance companies will be sending this data to their actuarial department for review of geographical areas and may increase or decrease rates based on accidents, traffic, etc. What makes it better than their normal data is it covers a larger and more mixed group than just their policyholders who in some cases maybe they just insure a lot of people in a specific town/area, or their policyholders are more accident prone in an area.
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As someone who writes software for a living... you know that this process can be automated, which would require very little human interaction? There's just never been an incentive to do so because a large dataset like this has never been available.
I'm not trying to turn this into a paranoia debate.... playing devil's advocate.