News and information for property & casualty insurance agents & brokers on personal lines insurance, including homeowners insurance, flood insurance, earthquake insurance, renters insurance, automobile insurance, life insurance, disability insurance, umbrella insurance and health insurance.
Until now, U.S. insurers haveintentionally restricted the impact of their telematics programs by holding riskier drivers harmless. Insurers told policyholders entering into their telematics programs that their premium could only go down or remain the sameeven if the telematics device revealed driving behavior that actually warranted a higher premium.
These are hard times. A lot of bad things happen in hard times. Businesses cut back, and some fail. People worry about losing their jobs, and some people do.