"Price Optimization" Puts The Screws to Loyal Car Insurance Customers. Do You Fall Into T
"Price Optimization" is a little-known technique that penalizes loyal auto insurance policyholders by charging them higher rates because their insurer believes they are unlikely to shop around for a better price. By mining data on customers and testing incremental price increases, some insurers try to predict who is less likely to switch companies and then charge those customers more to squeeze out higher profits.
The practice is under review by some state insurance regulat