Seems that GM has been sharing consumers driving habits with others. Like your auto insurance company😬

https://www.marketplace.org/2024/04/25/gm-was-collecting-and-sharing-drivers-data-often-without-their-knowledge/

#generalmotors #SharingData #insurancerates

GM was collecting and sharing drivers' data, often without their knowledge - Marketplace

The data was shared with risk profiling and insurance companies, directly impacting people's car insurance payments.

Marketplace

Join us for an eye-opening webcast as we delve into the intricate web of data sharing between car manufacturers, data brokers, and insurance companies, and its consequential impact on insurance rates. 🚗💻

In this session, we'll uncover how your driving habits, captured through sophisticated telemetry systems embedded in modern vehicles, are being channeled to data giants. Learn how this data exchange is shaping insurance premiums, potentially affecting your pocketbook.

https://www.youtube.com/watch?v=a-8892zpzuU

#CarTelemetry #DataPrivacy #InsuranceRates #LexisNexis #DataBrokers #InsuranceIndustry #DrivingData #Telematics #PrivacyConcerns #DataSharing #InsuranceModels #AutomotiveIndustry #Webcast #DataDriven #ConsumerInsights #DigitalPrivacy #InsuranceTech #DrivingHabits #DataAnalytics #PrivacyProtection #InsurancePolicy #TechEthics #DigitalSecurity

SecFlux Webcast Episode 4: Is Your Car Spying on You?

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Car insurance rates up as drivers shocked by data collection reports

Car insurance rates for some drivers are spiking because of data collection they were unaware was being collected on their driving habits.

#carinsurance #technews #insurancerates

https://techaeris.com/2024/03/14/car-insurance-drivers-data-collection/

Car insurance rates up, drivers shocked by data collection

Car insurance rates for some drivers are spiking because of data collection they were unaware was being collected on their driving habits.

Techaeris
The basis for all P&C Insurance is the notion of #PriceToRisk. When #ClimateRisks rise, so do premiums and deductables (much less coverage limitations e.g. #CatRisk …). #Frequency #Severity #Intensity are the triad of #Claims activity. It is the baseline for #Underwriters who set #InsuranceRates (which are approved by #Regulators). @gwagner
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