Wednesday, May 11, 2011

RC Cars: no exchange of sensitive data between companies

A ruling of the Supreme Court has ruled for the insurance companies the prohibition of the exchange of sensitive data about customers in order to "sign" and increasing premiums in a unified way thereby distorting competition. The Supreme Court has rejected the appeal of a major insurance company that had done so, thereby raising premiums for car insurance, so at the expense of consumers who now will be compensated if it proves to have suffered damage .

The Judgement of illegality was motivated by the fact that the exchange of information went beyond the scope, legal and physiological for the industry, to communicate data relevant to the determination of the so-called pure premium, ie that part of the premium that is commensurate with the nature and extent of risks.

The Supreme Court has evaluated negatively by the fact that companies are also exchanged sensitive information, namely those which are strictly personal and have nothing to do with risk assessment.

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