The use of subjective unverified information isn’t new. However, codifying the ability to do so is new. (Btw, I am WSJ subriscriber.)
It is disgusting
More power to the insurers and also they should not even be allowed access to this data particular in a for profit situation as this. When will be GDPR come to the US? Probably never as corporate interests trumps (pun intended) citizens rights and well being
Absolute horseshit. As if people weren’t already discriminated by insurers when setting premiums - this just adds to it.
This is so dangerous! Opens the door for ALL our private info to be used against us. Think about this next time u use the discount/club card to shop. Insurance companies could use that info to raise rates or cancel u cuz of what u eat, drink & spend $ on. Scary!!
sheilaaj Wow ... because we all know everything said on social media is gospel.
“Sorry, we would have given you insurance, but we noticed you didn’t like our tweets and you seem to enjoy too many cat memes on your profile. For these reasons we must decline your application.”
Just one of many reasons to not live in New York.
Hmmm...wonder how much $ went from insurance industry lobbyists into Gov. Cuomo’s pockets for this one?
Thanks for the heads-up. This is why big data is so DANGEROUS !!!! They get to EVADE privacy laws by using social media -- which 80% of the time is inaccurate and contrived for personal aggrandizement, humor, or social endeavors. UNCONSTITUTIONAL
Selling insurance based on risk is stupid. The more precise their premiums are to risk, the less worthwhile the insurance. Just bank/invest the premiums and save the profit margin.
So much for NY protecting consumers
Idiots
Data from social media. Hmm. So, like, for instance, to determine the probability of someone getting their ass kicked because they won't stop running their trap and broken knees get pricey? That kind of data?
How about the numbers of abortions. Will that factor in when doing insurance.
This is terrible. It gives an opening for insurance companies to peruse all of your personal account’s content.
Stupid people are just going to stop using social media and I thank that would be smart for our society
?!?!?!?!?!?!
Endstage capitalism.
Doubtless because online info has proven so reliable.
What what you put out there
Perplexing
Hopefully internet fraud star's will not hijacked the ideology & makes it a sources of income. Social media are now being saturated with on usual behaviors.
A new way to cause no end of trouble for people through fake online profiles has just been enabled by New York.
And the surveilance economy keeps picking up speed
I really like running and always stay fit and eat healthy
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