New York Regulator May Ban Insurers From Using Occupational Data

 Thursday, November 17, 2016

 ibamag.com

What personal data should insurers be allowed to use to price premiums? This question has been raised in New York, as a regulator is said to be considering prohibiting auto-insurers from using consumers’ occupations to price their policies. The New York Department of Financial Services has asked a group of insurers — including Allstate, Geico, Liberty Mutual and Progressive — to explain why the practice should not be prohibited, the Wall Street Journal reports.
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