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People Are Slowly Realizing Their Auto Insurance Rates Are Skyrocketing Because Their Car Is Covertly Spying On Them (www.techdirt.com)

submitted 6 months ago by Glass0448@lemmy.today to c/privacy@lemmy.ml

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[-] Glass0448@lemmy.today 2 points 6 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?

this post was submitted on 26 Apr 2024

489 points (98.6% liked)

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