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“The pay-as-you-go model allows insurers… to more accurately price premiums based on kilometers, and create a new paradigm with policyholders — emphasizing and recognizing each as an individual and building real-time policies that fit around their lifestyle and need, as opposed to traditional insurance that views and prices policyholders in bulk,” Octo Telematics CEO Nino Tarantino said in a press release about his company’s new partnership with CAA Insurance Company. (Photo: Shutterstock)Recommended Stories
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