People Are Slowly Realizing Their Auto Insurance Rates Are Skyrocketing Because Their Car Is Covertly Spying On Them
www.techdirt.comLast 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…
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This is exactly what was predicted as the result of corporate surveillance and targeted ads. They are part of schemes to extract more revenue from you. Another example is the rising premium for health insurance. But people apparently had “nothing to hide”!
Ugh. That reminds me of a time probably around 2012. I was working for a pretty large company, and they had our health insurance provider come in. The insurance provider was offering $100 to any employees that came in and gave a sample of blood. This was not a blood drive, they wanted samples. There was a line going down the hallway of people excited to get a benjamin. I encouraged them to get off the line because they were just going to use the data from the blood tests to raise our rates. Everybody laughed at me.
Couple months later all of our insurance rates got jacked up. Like how did people not see what was going on? Did they really think the insurance company was there to give away free money and not somehow turn a profit? Fucking bananas.
Would anything have prevented an increase in rates? I’d bet if everyone got out of line, the rate increases would have been the same or higher. The only difference would be no one received $100.