Re:GM collects driver behavior data then sells access to ins...
by themaninthedark on Friday April 26, 2024 @11:54AM
(#40171007)
Sounds like the car insurance companies should have taken out policies for sudden events beyond their control.
Other types of insurance companies do so; For example, State Farm might take out a policy to backstop their cash reserves where the terms are if they exceed over $100million in claims in a 2 week period of time.
Other types of insurance companies do so; For example, State Farm might take out a policy to backstop their cash reserves where the terms are if they exceed over $100million in claims in a 2 week period of time.