According to the press release "Vehicle Monitoring Systems Raise Serious Privacy Concerns" found on MarketWatch.com, a lawsuit filed by Progressive Insurance, accuses the Massachusetts based Liberty Mutual Group, Inc, of infringing on Progressive's patent which was received in 2000 for a car monitoring system that obtains data such as location, mileage and speed from a customer's automobile. This type of system has caused a lot of buzz over the past few years while some believe it's intrusive and causes privacy concerns. Tracking devices can infringe on consumer privacy and possibly raise the cost of insurance according to Chris Gay who is the founder and president of MileMeter.
MileMeter is the first and only company in the US which offers pay-per-mile auto insurance. Customers pay for insured miles in advance, and rates are based on age, location and car type. This way of doing insurance not only saves the customer money, but MileMeter's program encourages less frequent driving since the less they drive the more money they save. This helps keep down pollution as well as traffic congestion. It's possible more and more companies will turn to this way of offering auto insurance coverage.
:.
0 comments:
Post a Comment