Nebraska: Information from On-Board Sensors in Filings Must Be Complete

October 5, 2010

  • October 5, 2010 at 2:25 am
    Old Timer says:
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    If State regulations require rates, rules and forms to be open to the public, why do we have “proprietary info”? Back in the good old days rating factors were open files in the Insurance Departments for anyone to pull and review. When and why did the states allow them to become “secret”?

  • October 5, 2010 at 4:20 am
    DarNovak says:
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    Using driving habits, claims history, DMV records, etc. for premium determination? Insanity! Everyone (except me) knows for a concrete fact that credit profiling is the only ‘magic bullet’ that exists to determine loss potential. With a good enough credit profile, some carriers don’t even bother with the DMV extract. True genius (proprietary credit profiling)rules auto rating. They sghould not bother wasting their rime or money tracking such foolish, useless nonsense as actual driving habits. Incompetent, uncaring, distracted,lazy drivers are not the cause of losses, it’s credit profiles and nothing but credit profiles. Wake up America.



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