Posted On: February 1, 2005, 10:59 pm CST

Posted By: Arthur Ciszek

I only see bad losses for Nationwide in the future, given the inability to rate for driver type, activity, etc. This program makes me scratch my head as I learned in business school that more variables in a quantitative model will allow one to become more accurate in a forecast...How does only basing it on vehicle type make it more accurate? This think tank may have contracts with some non-standard carriers as I have heard from an agent here in IL that the program also offers full coverage...and that scares me as an insurance professional if you are giving "free" insurance to high-risk drivers...I expect Nationwide to have a high combined ratio after the 1st 2 quarters. I am glad I am a Toyota owner.