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With regards to the car insurance: they could raise the prices without the data, right? Would car insurance getting more expensive be characterized as “screwing
by doctorpangloss 2y ago
With regards to the car insurance: they could raise the prices without the data, right? Would car insurance getting more expensive be characterized as “screwing you”? That sounds valid, and you’re not a corporation that sells something people forced to buy, but it sounds like your problem is with auto insurance.
- bluefirebrand 2y ago> Would car insurance getting more expensive be characterized as “screwing you” Insurance is highly regulated in most places to prevent frivolous price increases, so.. yes. Absolutely it would be "screwing you", which is why it got regulated
- j33zusjuice 2y agoYou’re forced to buy car insurance in the US, and the insurance business is all kinds of fucked here. Fines for not having car insurance are massive, and driving without it can lead to jail time (idk the circumstances that trigger this). I think the point is that a consumer’s insurance rate may go up based on an arbitrary KPI the insurance company chose, of which the consumer was not necessarily (made) aware, based on information the consumer never opted to share, information that comes with a considerable lack of context, no less. We’re not necessarily talking about accidents, or breaking laws, either. It’s determined by the insurance company using proprietary algorithms, and you have no recourse if your rates go up. It’s privatized tyranny.
- JohnMakin 2y ago> but it sounds like your problem is with auto insurance. It was a single example I provided. You can find many others without looking very hard.