Wednesday, August 22, 2012
California Fighting Snapshot Insurance Discounts
California's Department of Insurance is preventing insurance companies from installing monitoring devices in insured vehicles to reward safe driving habits. The concerns are that privacy will be violated and that the technology could be turned around to be used against consumers. Almost 13% of all auto insurance policies are written in California, making it an important battleground state in determining whether this technology will be able to gain widespread acceptance. Of those already using the system, it's estimated that 70% of consumers who sign up for these programs drive well enough to receive a discount.
http://www.insuranceheadlines.com/Auto-Insurance/7768.html
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