Interesting to see an article about this now. I work at a large insurer and we've been pissed off at AllState since they filed this garbage. It's made regulators hyper sensitive to this sort of price optimization even when we aren't even trying to do anything close to what they were doing.
I feel like the point of the article is a little bit undermined by the last section, though. A 71 year old having his rate increase "small amounts during the life of the policy" is pretty normal, and the fact that he was able to find a substantial discount elsewhere is evidence that the market is competitive.
I feel like the point of the article is a little bit undermined by the last section, though. A 71 year old having his rate increase "small amounts during the life of the policy" is pretty normal, and the fact that he was able to find a substantial discount elsewhere is evidence that the market is competitive.