Fun fact, as a owner of a GMC auto I got a innocent looking email about the discontinuation of the Onstar Smart driver service which was the service in question that violated many US laws and sent data to insurance companies without customers authorization. I hope this hits GM really hard as this type of behavior will never cease until massive amounts of money is extracted from the perpetrators(GM etc).
Texas sues GM for unlawfully collecting and selling drivers' private data [pdf]
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Re: Texas sues GM for unlawfully collecting and selling drivers' private data [pdf]
#42Paxton is a crook, but in this case he's fighting the good fight. Texas collected a $1.4B settlement from Meta for its facial-recognition scanning, and in this case the monetary damages to the victims are far worse in terms of higher insurance premiums. https://boingboing.net/2024/07/31/meta-to-pay-1-4bn-for-unau... He should then go after the insurance companies who used this data next, and force them to disgorge th…
In an efficient market insurance premiums are essentially zero sum. The more that one person pays to offset their own risk, the less everyone else pays. Safe drivers subsidize unsafe drivers and this subsidy can and should be reduced when possible with better predictive information.
Their modeling will penalize safe drivers who have to deal with non ideal scenarios. The OBD2 accelerometer modules are a bad idea when you live in an area where traffic and road design requires bursts of acceleration to make turns. You're going to be lumped in with the bad drivers when the data is not comprehensive enough to separate good from bad. Nor will they put in the effort to ensure fair driver ratings with thorough analysis of the data they do have.
Re: Texas sues GM for unlawfully collecting and selling drivers' private data [pdf]
#43Earlier quoted context omitted.
In an efficient market insurance premiums are essentially zero sum. The more that one person pays to offset their own risk, the less everyone else pays. Safe drivers subsidize unsafe drivers and this subsidy can and should be reduced when possible with better predictive information.
Perhaps the market should not strive for optimal efficiency then.
Why? You'd probably have better outcomes for everyone with more information. Unsafe drivers might start reigning in their bad habits because it is costing them money every month, and safe drivers will save money. Seems like a win-win. I'd love it if my dash cam could do ALPR and send a video to the registered insurance agency when I see some absolutely ludicrous driving.
Re: Texas sues GM for unlawfully collecting and selling drivers' private data [pdf]
#44Paxton is a crook, but in this case he's fighting the good fight. Texas collected a $1.4B settlement from Meta for its facial-recognition scanning, and in this case the monetary damages to the victims are far worse in terms of higher insurance premiums. https://boingboing.net/2024/07/31/meta-to-pay-1-4bn-for-unau... He should then go after the insurance companies who used this data next, and force them to disgorge th…
In an efficient market insurance premiums are essentially zero sum. The more that one person pays to offset their own risk, the less everyone else pays. Safe drivers subsidize unsafe drivers and this subsidy can and should be reduced when possible with better predictive information.
In an efficient market safe drivers wouldn't be compelled to subsidize unsafe drivers.
Re: Texas sues GM for unlawfully collecting and selling drivers' private data [pdf]
#45Paxton is a crook, but in this case he's fighting the good fight. Texas collected a $1.4B settlement from Meta for its facial-recognition scanning, and in this case the monetary damages to the victims are far worse in terms of higher insurance premiums. https://boingboing.net/2024/07/31/meta-to-pay-1-4bn-for-unau... He should then go after the insurance companies who used this data next, and force them to disgorge th…
In an efficient market insurance premiums are essentially zero sum. The more that one person pays to offset their own risk, the less everyone else pays. Safe drivers subsidize unsafe drivers and this subsidy can and should be reduced when possible with better predictive information.
This binary classification into safe and unsafe does not match the signal, which is incredibly noisy.
Re: Texas sues GM for unlawfully collecting and selling drivers' private data [pdf]
#46Paxton is a crook, but in this case he's fighting the good fight. Texas collected a $1.4B settlement from Meta for its facial-recognition scanning, and in this case the monetary damages to the victims are far worse in terms of higher insurance premiums. https://boingboing.net/2024/07/31/meta-to-pay-1-4bn-for-unau... He should then go after the insurance companies who used this data next, and force them to disgorge th…
When you say "Paxton is a crook", do you mean you believe he steals, or do you mean he was convicted, or that he should be convicted? Was Paxton convicted of a crime? Was Paxton accused of a crime you believe he is guilty of?
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Re: Texas sues GM for unlawfully collecting and selling drivers' private data [pdf]
#47Earlier quoted context omitted.
In an efficient market insurance premiums are essentially zero sum. The more that one person pays to offset their own risk, the less everyone else pays. Safe drivers subsidize unsafe drivers and this subsidy can and should be reduced when possible with better predictive information.
Their modeling will penalize safe drivers who have to deal with non ideal scenarios. The OBD2 accelerometer modules are a bad idea when you live in an area where traffic and road design requires bursts of acceleration to make turns. You're going to be lumped in with the bad drivers when the data is not comprehensive enough to separate good from bad. Nor will they put in the effort to ensure fair driver ratings with t…
Restricting insurers from using relevant data to calculate risk premiums is not the way to subsidize people who live in an area where traffic and road design are subpar.
If there is an unfair situation that needs to be rectified with a subsidy, it is best for the subsidy to transparent to prevent corruption.
For example, the knowledge of this subsidy can help propel political change to remedy road design so that some people are not driving in unsafe road designs.
Re: Texas sues GM for unlawfully collecting and selling drivers' private data [pdf]
#48Paxton is a crook, but in this case he's fighting the good fight. Texas collected a $1.4B settlement from Meta for its facial-recognition scanning, and in this case the monetary damages to the victims are far worse in terms of higher insurance premiums. https://boingboing.net/2024/07/31/meta-to-pay-1-4bn-for-unau... He should then go after the insurance companies who used this data next, and force them to disgorge th…
In an efficient market insurance premiums are essentially zero sum. The more that one person pays to offset their own risk, the less everyone else pays. Safe drivers subsidize unsafe drivers and this subsidy can and should be reduced when possible with better predictive information.
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Re: Texas sues GM for unlawfully collecting and selling drivers' private data [pdf]
#49Earlier quoted context omitted.
When you say "Paxton is a crook", do you mean you believe he steals, or do you mean he was convicted, or that he should be convicted? Was Paxton convicted of a crime? Was Paxton accused of a crime you believe he is guilty of?
He's a well known crook.. he's been repeatedly indicted for serious financial crimes but due to his position in government, the charges either were dropped for nonsense reasons or just never prosecuted for over 9 years... https://apnews.com/article/paxton-indictment-texas-d5e57fc6c... Then afterwards nearly a dozen of his staffers whistleblew to the FBI about his relationship with an Austin-based real estate develope…
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Re: Texas sues GM for unlawfully collecting and selling drivers' private data [pdf]
#50Paxton is a crook, but in this case he's fighting the good fight. Texas collected a $1.4B settlement from Meta for its facial-recognition scanning, and in this case the monetary damages to the victims are far worse in terms of higher insurance premiums. https://boingboing.net/2024/07/31/meta-to-pay-1-4bn-for-unau... He should then go after the insurance companies who used this data next, and force them to disgorge th…
Why is the insurance companies' use of this data illegal? Unless you can show discrimination against protected groups, not sure how this is illegal.
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