Home Page Home Page Newsletter Contact Us Get A Quote
  • We're Here for You
    • About Us
    • Partners Page
    • Location Map
    • Employee Directory
    • Contact Us
    • Refer a Friend
    • Privacy Policy
  • For Individuals
    • Automobile Insurance Home
    • Homeowners Insurance Home
    • Life & Health Insurance
    • Recreational Vehicle
    • Renters
    • Umbrella
  • For Businesses
    • Business & Commercial Insurance Home
    • Bonds Home
    • Dental Insurance Home
    • Health Insurance Home
    • Life Insurance Home
  • Helpful Information
    • Important Links
    • Blog
    • Newletters
    • Insurance Glossary
    • Free Reports
    • Join Our Newsletter
  • Life's Questions - Answered.
    • How much disability income insurance do I need?
    • What are my long-term care insurance needs?
    • How much life insurance do I need?
    • Should I rent or buy a home?
    • Should I lease or purchase an auto?
Personal Insurance Business Insurance Life Insurance
Get A Quote
Home > Blog > A GATHERING STORM?
WEDNESDAY, JULY 31, 2013

A GATHERING STORM?

 

            Whether or not you agree with the data-gathering practices of the government and private and publicly held companies, there is no doubting the fact that various entities want to know as much about us as possible. Insurance companies, of course, feed on data that helps them assess risk. For example, the more auto insurers know about drivers’ specific behaviors, the better they are able to properly price premiums. Even now, some insurance companies are collecting data about driving habits by analyzing the data collected by sensors in policyholders’ vehicles. These sensors are able to record information about what routes are driven, the number of miles driven, the time of day, speed, and braking patterns. Call it “custom risk assessment.”

 

NOTE: By comparing the driving data of one person with statistical information of similar drivers on similar routes and similar times, insurance companies may be able to tell if a chosen driver is an above- or below-average risk, and charge accordingly.

Posted 2:27 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012

  • hr updates(1)
  • auto insurance(1)
  • annuity(1)
  • operations management(1)
  • accident(1)
  • insurance(1)
  • pay equity act(1)
  • emergency(1)
  • physical damage(1)
  • future(1)
  • retire(1)
  • payouts(1)
  • collision(1)
  • repetitive stress(1)
  • professional(1)
  • payout(1)
  • role of insurance(1)
  • equal pay act(1)
  • sandy(1)
  • errors and ommissions(1)
  • hurricane(1)
  • payroll(1)
  • worker productivity(1)
  • frankenstorm(1)
  • risk management(1)
  • comprehenisive(1)
  • keyboard strain(1)
  • mistakes(1)
  • auto(1)
  • human resource(1)

View Mobile Version
JED Insurance and Financial Service Agency, Inc I 30 Mechanic St. Ste 5 I Foxborough, MA 02035                                                 Powered by Insurance Website Builder
                                                                                                                                                
Privacy Policy  &  Terms of Use     

 

© Copyright 2013 J.E.D. Insurance and Financial Services, Inc. All Rights Reserved.

 

 

Home Page About Us Our Services Newsletter Get A Quote Contact Us Home Page Like us on Facebook LinkedIn