"offered a policy that fitted a black box tracker device into cars using so-called telematics technology "
And the kids so love their gadgets!
"Insurer to track drivers by iPhone" by Carolyn Bandel, Bloomberg | September 25, 2009
Out the window it goes.
Farmers Group Inc., the US unit of Zurich Financial Services AG that bought AIG’s auto insurance business in April, plans to lower premiums by charging drivers for coverage by the mile, measuring their journeys by iPhone and BlackBerry.
Yeah, you have to PAY for your FREEDOM in AmeriKa!!!!!
The insurer wants to base insurance costs on miles driven to “charge the right premium for the right risk’’ and keep premiums low, said Mark Toohey, a spokesman for Farmers. The company plans to offer a tracking product using mobile phone technology -- GPS receivers into mobile phones -- by the end of this year or early in 2010. Voluntary “pay-as-you-drive.’’
For HOW LONG?!
I already paid for the gas.
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“We see some potential in California for using this type of technology because of California’s unique auto-rating regulations, which focus heavily on miles driven,’’ said Toohey.... Insurers have been testing technology to offer pay-as-you-drive insurance in countries including the United Kingdom, the United States, and the Netherlands.
Then it is a FAIT ACCOMPLI -- like a PILOT PROGRAM that NEVER GOES AWAY!!!
So far, such insurance lets motorists prepay for the miles they expect to drive during the term of coverage....
Aviva PLC, the UK’s second-biggest insurer by market value, offered a policy that fitted a black box tracker device into cars using so-called telematics technology to record journeys....
--more--"
Related: Welcome to Western New England: Fascachusetts
