Online Behavior Could Influence Insurance Rates

[Antithesis]

Online Behavior Could Influence Insurance Rates
"There seems to be no end to the ways your personal data and online behavior can be used against you. According to the Wall Street Journal, insurance companies are considering using online behavioral and social networking data to try to weed out insurance risks. What you read, what you buy, how much TV you watch, your credit, your fan pages... it could all be used to predict your longevity and insurance risk. The practice, which appears to be in the early stages, could raise concerns with the FTC and insurance regulators, but insurance and data mining companies say they just plan to use it to speed up the applications of people who appear to be good risks; others would have to go through more rigorous traditional screening."

http://yro.slashdot.org/story/10/11/...Rates?from=rss

[Meresgi]

I guess I shouldnt post on facebook about how I drive backwards, drunk, down busy roads.

[archibaldcrane]

http://si.wsj.net/public/resources/i...1118220005.jpg

[Demosthenes11]

I can't wait for realtime rate adjustments.
"we noticed a charge to your bank account at mcdonalds this afternoon, +$5 a month"

[aurik]

This can only be a good thing.

[Ryany]

People should just pay cash for anything that might red-flag them (liquor/tobacco/fast food) and then always be sure to put positive stuff (gym/healthy food/donations) on the credit card.

I'm also curious if they would go by money/percentage of income spent or by number of charges regardless of cost. Number of charges could easily be exploited to your advantage.

[Max™]

*still baffled as to why people use their real names instead of telling friends/family that they'll be using a particular pseudonym*

[miokomioko]

If only it meant less retarded facebook/twitter posts.

[Demosthenes11]

*still baffled as to why people use their real names instead of telling friends/family that they'll be using a particular pseudonym*

must be your autism

[Max™]

Must be...

[Cyn]

It's not all that hard to use your real name and just set your fucking privacy settings to not allow strangers to see important shit about you.

[Maguspk]

It's not all that hard to use your real name and just set your fucking privacy settings to not allow strangers to see important shit about you.

Unless said service allows them access to the data?

Some people really don't understand the position they are in when their data is anywhere online, privacy is never guaranteed.

[Max™]

Unless said service allows them access to the data?

Some people really don't understand the position they are in when there data is anywhere online, privacy is never guaranteed.

Ding ding ding!

Why the fuck would you give your real information to any site that doesn't REQUIRE it, and in particular can't be held liable/sued to bejeezus lengths if it is released?

[miokomioko]

Terms of use Agreement? What is that?

[Maguspk]

Terms of use Agreement? What is that?

lol

[Cyn]

Ding ding ding!

Why the fuck would you give your real information to any site that doesn't REQUIRE it, and in particular can't be held liable/sued to bejeezus lengths if it is released?

So they can what? Find out how bad your day at work was? Figure out what kind of music you like?

The last time I checked, you needed to give much more personal information to an insurance company to get a policy than you do to Facebook to get an account.

This is of course assuming that Facebook or other social media sites are just handing out your information to any random company that asks for it.

[Kerberoz]

Best option.

[BerenTebogo]

That link brings up an interesting question. "Under penalty of perjury..." does facebook have any legal standing whatsoever to have you charged with perjury for abusing their little dead people form?

[Max™]

Dunno, but I imagine they'd be shit out of luck if they didn't have your real information to try to prosecute you with.

[Headspace]

Sure is Max teem in this bitch.

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