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SVTPerformance's Chain of Restaurants
Road Side Pub
The Eye -- It's Coming For Your Car
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<blockquote data-quote="Weather Man" data-source="post: 16677990" data-attributes="member: 137766"><p>As in mandatory.</p><p><a href="https://seekingalpha.com/news/3750928-allstate-in-talks-with-regulators-to-track-driving-to-determine-car-insurance-rate-wsj" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3750928-allstate-in-talks-with-regulators-to-track-driving-to-determine-car-insurance-rate-wsj" target="_blank">Allstate in talks with regulators to track driving to set car insurance rates - WSJ</a></p><ul> <li data-xf-list-type="ul">Property and casualty insurer Allstate (NYSE:<a href="https://seekingalpha.com/symbol/ALL" target="_blank">ALL</a>) seeks to <a href="https://www.wsj.com/articles/allstate-wants-to-track-your-driving-to-determine-your-car-insurance-rate-11633685400?mod=hp_lead_pos4" target="_blank">track </a>consumers' driving behaviors using telematics to determine car insurance rates, the company told the <em>Wall Street Journal</em>.</li> <li data-xf-list-type="ul">"There is an opportunity to encourage innovation in the insurance industry, and we want to start that dialogue with regulators and others," Allstate Chief Legal Officer Rhonda Ferguson told The <em>WSJ</em> in an interview.</li> <li data-xf-list-type="ul">This may not be a popular change among the insured given privacy concerns, but it could mean lower rates for safe drivers or those that don't drive much.</li> <li data-xf-list-type="ul">Just over 2M of Allstate's roughly 22M total auto policyholders are currently enrolled in its telematics program, which accounts for less than 4% of the nation's more than 210M personal-auto policyholders, the National Association of Mutual Insurance Companies estimates.</li> <li data-xf-list-type="ul">Telematics has become more popular since Progressive (NYSE:<a href="https://seekingalpha.com/symbol/PGR" target="_blank">PGR</a>) introduced the technology about 20 years ago, though less than half of new auto-insurance applicants enroll when given the chance; Ferguson says telematics provides an opportunity to "improve the accuracy of insurance pricing," the <em>WSJ</em> notes.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16677990, member: 137766"] As in mandatory. [URL='https://seekingalpha.com/news/3750928-allstate-in-talks-with-regulators-to-track-driving-to-determine-car-insurance-rate-wsj'] Allstate in talks with regulators to track driving to set car insurance rates - WSJ[/URL] [LIST] [*]Property and casualty insurer Allstate (NYSE:[URL='https://seekingalpha.com/symbol/ALL']ALL[/URL]) seeks to [URL='https://www.wsj.com/articles/allstate-wants-to-track-your-driving-to-determine-your-car-insurance-rate-11633685400?mod=hp_lead_pos4']track [/URL]consumers' driving behaviors using telematics to determine car insurance rates, the company told the [I]Wall Street Journal[/I]. [*]"There is an opportunity to encourage innovation in the insurance industry, and we want to start that dialogue with regulators and others," Allstate Chief Legal Officer Rhonda Ferguson told The [I]WSJ[/I] in an interview. [*]This may not be a popular change among the insured given privacy concerns, but it could mean lower rates for safe drivers or those that don't drive much. [*]Just over 2M of Allstate's roughly 22M total auto policyholders are currently enrolled in its telematics program, which accounts for less than 4% of the nation's more than 210M personal-auto policyholders, the National Association of Mutual Insurance Companies estimates. [*]Telematics has become more popular since Progressive (NYSE:[URL='https://seekingalpha.com/symbol/PGR']PGR[/URL]) introduced the technology about 20 years ago, though less than half of new auto-insurance applicants enroll when given the chance; Ferguson says telematics provides an opportunity to "improve the accuracy of insurance pricing," the [I]WSJ[/I] notes. [/LIST] [/QUOTE]
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