Setbacks.
I have to admit to being somewhat disappointed and a little puzzled when I read that Norwich Union was suspending their experiment in ‘pay-per-mile’ car insurance in the UK (via BBC): Britain’s biggest insurer has suspended a flagship car insurance scheme less than two years after its roll out. Norwich Union’s “pay as you drive” policy used satellite technology to track every journey via a black box installed in customers’ cars. It resulted in cheaper premiums for people who avoided driving at
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Tags: 2008, Ding, Driving, E, Insurance, People, Technology, The