This entire article is based on a single anecdote, stolen from another article, about a guy whose policy was never actually cancelled.
This is clickbait.
AI-Driven Drone Surveillance Is Leading to Home Insurance Cancellations
51–60 of 64 posts
Re: AI-Driven Drone Surveillance Is Leading to Home Insurance Cancellations
#52Add AI and drones for the dystopian effect. Drones allow insurance companies to review the house and surrounding fire risk quite well. Better than having a human drive around a tall selfie stick!
Re: AI-Driven Drone Surveillance Is Leading to Home Insurance Cancellations
#53We had such a notice, for moss and mold (in a hot, dry climate). The images were accurate enough. The insurance company relented after we remediated and sent photos. Image recognition is not really "AI-driven", and the low numbers make that replaceable with humans. It's the cost and legality of drone roof photos that make this possible. The risk represented in the photos was relatively small, but it's a risk easily a…
>The real beneficiary is roofing companies, raising the question of illegal tying. Insurance is required by mortgages, so homeowners have no choice but abate with roofing services, which creates an opportunity for the insurance company and roofers to share value extracted in various ways.
How is the insurance company going to get a share of the "value extracted"?
Re: AI-Driven Drone Surveillance Is Leading to Home Insurance Cancellations
#54Are these like military grade aerial drones or something? The one shown in the picture, and those many use to do prelim roof inspections, fly far too low - seems it would be encroachment of owner's property rights, no?
Do the drones need to be directly over the property to capture images? It can easily be done from the streets/sidewalk, which won't infringe on anyone's property rights.
Re: AI-Driven Drone Surveillance Is Leading to Home Insurance Cancellations
#55Earlier quoted context omitted.
Sure, but that’s fine by me. Shareholders are your fellow policyholders in a mutual insurance company. The high risk people can go start their own mutual insurance.
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So far as I can tell in the case of the guy who was dropped for "lifting cardboard boxes", was engaging in insurance fraud. He's claiming that he has a certain condition, but the insurance company found evidence that contradicts this (ie. him lifting cardboard boxes). I'm baffled why the insurance company catching this constitutes being "exploited", and why you think people who oppose this behavior are "boot lickers". Do you think insurance companies are some sort of money printing machine? Their payouts ultimately come from policyholders, including yourself. You should be against any sort of insurance fraud, because they harm policyholders indirectly.
Re: AI-Driven Drone Surveillance Is Leading to Home Insurance Cancellations
#56Expanding on this idea - can health insurance companies fly a drone over my house and see me in my hard eating a cheeseburger and cancel my coverage? Can an auto insurer do the same and cancel my coverage because they see me doing burnouts in my driveway? Seems like a giant privacy violation but I'm no legal expert.
Expanding on this idea - "Data driven decisions are leading to significant change."
No matter the source of the data, all data available is being used for any and all purposes regardless of morals or ethics. As such in business profits are the goal however in war it is to win.
As a multiple fintech founder from the 1990s I have experience with the earliest payment breaches, some known, some not. The banks were buying this data from crims to offset losses by proactively changing the impacted account numbers before they could be used. Few complained when the bank changed their account number unless of course one had a unique sequential card number. ;)
There is an ever increasing amount of public data being produced daily from countless sensors and devices now covering our entire world and to some degree space. Given this evolution one is to believe they can still hide? Just because data comes from a certain sensor or source does not limit the data use in any specific way and if you believe otherwise I have ocean front property in Kansas to deed you. Now consider the number of known breaches today since the internet went public and multiply that value by some large number N to postulate a total breaches number ever. Point being is there is a lot of data available if one knows where to look and HOW to apply that information for "profit" and/or to "win".
Just as banks were paying crims for data to proactively offset losses this mindset works in other business' today as well however it is certainly not being received openly given the impact to consumers during these increasingly challenging economic times which only greatly compounds that impact. Do recall that one can just change their financial account information but one cannot change their health records so why does that matter? Let us propose the hypothetical that health insurance companies are now buying up health records that have been leaked. We all know why they are doing this because these health insurance companies are looking to aggressively target the healthy to sign up with them correct?
Interesting times ahead as "change" continues.
Stay Healthy!
Re: AI-Driven Drone Surveillance Is Leading to Home Insurance Cancellations
#57Earlier quoted context omitted.
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So far as I can tell in the case of the guy who was dropped for "lifting cardboard boxes", was engaging in insurance fraud. He's claiming that he has a certain condition, but the insurance company found evidence that contradicts this (ie. him lifting cardboard boxes). I'm baffled why the insurance company catching this constitutes being "exploited", and why you think people who oppose this behavior are "boot lickers"…
> I'm baffled why the insurance company catching this constitutes being "exploited", and why you think people who oppose this behavior are "boot lickers".
Insurance fraud has been a part of the insurance industry and priced-in to plans since insurance became a thing. Somehow, despite insurance fraud being far easier to perform in days gone, the insurance industry has persisted and remained not only viable, but highly profitable. So how is this exploitation, you ask? Because of power imbalance.
Will AI be deployed to ensure that insurance companies are paying out on valid, correct claims, on-time and to the correct amounts? Will AI be deployed to ensure that insurance rates are fairly priced among people of different socioeconomic backgrounds? Or will it solely be in the interest of the corporation, and not to potentially undermine that interest, what the insured people who have to fight every damn month to get things covered might call, "what they're fucking paying for?"
Or, perhaps, do you think there's even a snowballs' chance in hell, that the reduction of insurance fraud even further which has been an ongoing process for years, will actually mean lower premiums for customers? Hasn't happened yet, so I kind of doubt it.
Or, to put it more succinctly: is AI, the expensive technology that's only really available to large corporations, going to be used to fuck over both parties of this, equally, so that both are now doing business more fairly? Or is it going to be deployed as all previous technological advancements have: which is to say, as tools for corporations to fuck over consumers?
I have a strong feeling it will be the latter.
Re: AI-Driven Drone Surveillance Is Leading to Home Insurance Cancellations
#58Earlier quoted context omitted.
My girlfriend worked for an aerial imaging company for a while, and most of their imaging came from general aviation (small planes). A commercial pilot's license requires 1500 hours of flight time under one's belt. The company paid them a small sum to strap a camera to their planes and fly certain routes. New pilots make some extra cash and the company gets cheap shots.
Pretty sure the pilot can't get paid until after they get their commercial license. It's possible the company can however rent hours in the plane at below market costs (a friend did something like this years ago while getting his helicopter license)
You're entirely right, I've got my details wrong.
Looks like a CPL only requires 250 hours of flight time per the FCC, and it's airlines that demand additional time.
https://www.faa.gov/faq/how-do-i-get-commercial-pilot-licens...
Re: AI-Driven Drone Surveillance Is Leading to Home Insurance Cancellations
#59Earlier quoted context omitted.
So far as I can tell in the case of the guy who was dropped for "lifting cardboard boxes", was engaging in insurance fraud. He's claiming that he has a certain condition, but the insurance company found evidence that contradicts this (ie. him lifting cardboard boxes). I'm baffled why the insurance company catching this constitutes being "exploited", and why you think people who oppose this behavior are "boot lickers"…
> I'm baffled why the insurance company catching this constitutes being "exploited", and why you think people who oppose this behavior are "boot lickers". Insurance fraud has been a part of the insurance industry and priced-in to plans since insurance became a thing. Somehow, despite insurance fraud being far easier to perform in days gone, the insurance industry has persisted and remained not only viable, but highly…
>Somehow, despite insurance fraud being far easier to perform in days gone, the insurance industry has persisted and remained not only viable, but highly profitable.
This line of argument makes as much sense as "cars were deathtraps in the 60s, yet they still sold like gangbusters and cities were built around them, why should we make them safer?". Insurance fraud being endemic in the past doesn't mean we should accept insurance fraud today.
>Or, to put it more succinctly: is AI, the expensive technology that's only really available to large corporations, going to be used to fuck over both parties of this, equally, so that both are now doing business more fairly? Or is it going to be deployed as all previous technological advancements have: which is to say, as tools for corporations to fuck over consumers?
>I have a strong feeling it will be the latter.
1. Your claim that AI will be "tools for corporations to fuck over consumers" isn't self evident. Mind explaining why? Technologies like AI are inevitably going to cause false positives. Where do you think is the line between "fuck over consumers" and "helping consumers by fighting fraud"?
2. If you think corporations are just itching to fuck over consumers, what makes you think that they need AI to do that?
Re: AI-Driven Drone Surveillance Is Leading to Home Insurance Cancellations
#60Are these like military grade aerial drones or something? The one shown in the picture, and those many use to do prelim roof inspections, fly far too low - seems it would be encroachment of owner's property rights, no?
Do the drones need to be directly over the property to capture images? It can easily be done from the streets/sidewalk, which won't infringe on anyone's property rights.
I'm not an aficionado on latest drone tech, admittedly, but the old DJI my friend had - maybe could see on a shotgun house or something right on the street. There's no way it would be able to see mold on my house's roof at that distance without encroaching the property line, unless it was way worse than the homeowner was claiming here and lit up like a big grassy knoll.