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Regulators Look at How “Big Data” May Contribute to Racial Bias in Insurance Rates
lnbressa
Author: Harriet Jones; Publisher: Marketplace; Publication Year: 2021. The following article describes how the pricing model has become more sophisticated over the years, the factors that decide the insurance rates have become more numerous and complex. However, the data that insurance companies use these days are inherently discriminatory such as the neighborhood unemployment rate and…
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