Feb 252020
 

Suckers List: How Allstate’s Secret Auto Insurance Algorithm Squeezes Big Spenders – The Markup:

“In this case, Allstate’s model seemed to determine how much a customer was willing to pay —or overpay—without defecting, based on how much he or she was already forking out for car insurance. “

 

“In the 1990s, insurers began using external data sources like credit scores to predict accident risk. Since then, rate filings have become increasingly filled with proprietary, opaque algorithms, according to regulators.”

 

“If a behavior in another sphere of life affects insurance premiums in a way that consumers can’t readily anticipate,” he said in an interview, “that could lead to a cascade of financial consequences arising from what seems to be an innocuous decision.”

 

“Patty Born, a professor studying insurance regulation at Florida State University’s College of Business, doubts insurers will ever share enough information about their pricing models to allow customers to know if they’re overpaying. She said the only defense is to regularly check competitors’ rates.”

 

*When there is a lot of money on the table there will be creative strategies employed to get more.

Jan 292020
 

Illinois governor signs law capping insulin costs at $100 per month:

“The Illinois governor has signed a new law that will cap out of pocket insulin costs at $100 for a 30-day supply.”

*Will there be enough supply at or below the mandated price cap? Let’s see how this plays out.

Dec 182019
 

Seth’s Blog:

“But the most reliably successful people I know are precisely the opposite. They are desperate to see and know what’s making other people tick. They actively engage, and they do it with empathy and generosity.”

*Surely this is a better path even if one never becomes hyper successful. It’s just a better way of operating.

Aug 042019
 

Test programs around the world that use the technology for lifesaving pharmaceuticals as well as for food and even coffee are attempting to prove that delivery by drones is not only safe, but efficient and environmentally sound.
— Read on www.nytimes.com/2019/03/19/technology/drone-deliveries-faa-pilot-programs.html

*Drones are a future technology area to study. See lots of opportunity for people with multiple knowledge bases that relate to drones. A few areas are geography, human population density, legalities related to airspace, and the allocation of scarce resources.

Jun 202019
 

Richard Montañez went from cleaning toilets to being one of the most creative executives in the food industry. But first, he had to call the CEO…
— Read on thehustle.co/hot-cheetos-inventor/

*Worth a read.

Mar 042019
 

Luminary Premium: Ad-Free Podcast Listening & Exclusives:

“How to change your podcasting life:

Sign up early (before 4.22.19) for: A chance to win experiences with your favorite podcast creators. Savings when you refer friends. Bonus: first month is always free.”

(Via.) An ad on Google. Yes, I clicked on the ad.

Dec 192018
 

This week Kroger — the nation’s largest grocery chain — announced a new partnership with Nuro, a Silicon Valley start-up that produces a self-driving, unmanned vehicle known as the R1 that operates on major roadways alongside cars. As of Tuesday, customers have been able to have their groceries delivered to their homes by the autonomous vehicle
— Read on www.washingtonpost.com/technology/2018/12/19/tired-going-grocery-store-arizona-robot-driven-car-will-deliver-groceries-your-home/

*Could see this becoming a competitor to UPS, FedEx and other delivery services too.