IBM Patents Real-Time Auto Insurance Surcharges

from the fair's-fair dept

theodp writes "Better think twice before volunteering to tutor underprivileged kids or delivering Christmas gifts to homeless children. Thanks to IBM, you could be rewarded with a hefty car insurance premium increase for your efforts. A new patent was issued to Big Blue last Tuesday for its 'invention' of the Location-Based Vehicle Risk Assessment System, which describes how surcharges will be added to your auto insurance premium when a GPS device reports that you drove into an area in IBM's bad neighborhood database (stay too long and your car is disabled). It's all about assigning insurance costs more appropriately, explains Big Blue, which used the same argument to justify punishing employees for having fat kids."

Filed Under: insurance, patents, surcharges
Companies: ibm

Yet Another Study Shows Red Light Cameras Cause More Accidents And Aren't Needed

from the it's-all-about-the-money dept

Over and over again, we've seen studies that have shown that red light cameras tend to increase, not decrease auto accidents, and certainly don't do much to improve safety. The Agitator points us to yet another study, this time from researchers at the University of South Florida, who again point out that red light cameras tend to increase the number of accidents. The research also points out that accidents from running red lights are rather rare, and it's hardly a problem that requires automation. As for the few studies that have shown better safety from red light cameras, every single one came from a group poised to make money off of the cameras -- and they certainly do make money. It's just unfortunate that it seems to come at the expense of more car accidents, all in the bogus name of public safety. Update: Of course, just after publishing this, I see a story on Engadget about how Dallas has found that red light cameras are effective in preventing red light violations (no word on rear end collisions from people slamming on the brakes however). Yet, here's the irony: because of that, the city gov't doesn't want to install any more, as it's cutting into revenue.

Filed Under: accidents, insurance, public safety, red light cameras