mar 2

Social media's effect on insurance rates

Putting aside the brief hysteria that set off recently, will your use of social media sites have an impact on your insurance rates? For instance, if you post your vacation plans or pictures from a wild house party, will your insurer notice? According to Computerworld, Legal & General, a home insurer in the UK, is exploring the possibility. [via Techdirt]

This kind of thing sounds implausible to me, but there have been reported cases of health insurers reviewing the Facebook activity of those they cover, and taking adverse action as a result. --ADM

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