No. of Recommendations: 7
...what might explain Berkshire's failure to address this challenge thus far?"
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Technology aversion? Or at least slow to consider.
Yes, and rightly so, when it first started being heavily used by Progressive, what, 10-15 years ago? But it seems more and more likely that any company not going the tech route for knowing more about driving habits is going to end up getting the high risk clients refused by tech-aware insurers, or, just as bad, to lose low-risk clients attracted by the lower premiums that a tech-aware company like Progressive can offer them.
To modify one of Buffett's favourite aphorisms, if you've been playing poker at the auto insurer's table for a half a decade and you still don't know who the patsy is, YOU'RE the patsy.
d
