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Presumably some people's rates also go down on account of more extensive information gathering. If the insurance company just raised rates across the board, the
by Manuel_D 1y ago
Presumably some people's rates also go down on account of more extensive information gathering. If the insurance company just raised rates across the board, they'd no longer be as cost competitive as other insurance providers.
- ujkhsjkdhf234 1y agoNot if all insurance providers are playing this game. Like algorithmic rent fixing currently happening.
- Manuel_D 1y agoInsurance companies are some of the most regulated industries: their profit margins are capped by law, at least for healthcare insurance. Ironic that you mention algorithmic renting fixing: a single digit percentage of the rental market actually used RealPage. And when cities banned it, rents were unchanged. The evidence of rent fixing is largely absent.