> Safe drivers subsidize unsafe drivers and this subsidy can and should be reduced when possible with better predictive information.
Okay, that's an interesting perspective, let's explore. A policy that can be unilaterally cancelled at any time, and forces you to put cameras in your car, could be the most efficient insurance ever. As long they manage to predict that you'll be in an accident in time to electronically cancel your policy, they'll never need to pay out more than refunding your premium.
Car insurance companies are already generally legally required to give notice in writing 30 days before cancelling your policy, even for material changes in risk.
You're the one proposing to change real world policies. I find it really interesting that I'm speaking directly from the libertarian playbook and the anti-insurance folks in the conversation are telling me to trust the government regulations. Especially when those very government regulations would be eviscerated by the proposed changes.
Okay, that's an interesting perspective, let's explore. A policy that can be unilaterally cancelled at any time, and forces you to put cameras in your car, could be the most efficient insurance ever. As long they manage to predict that you'll be in an accident in time to electronically cancel your policy, they'll never need to pay out more than refunding your premium.