Facebook stymies Admiral’s plans to use social media data to price insurance premiums

British motor insurer Admiral has had to abandon plans to use data taken from Facebook to price insurance premiums for first-time drivers following discussions with the social media firm, an Admiral spokeswoman said on Wednesday. Insurers say examining social media could improve the pricing of policies, but critics say this could erode customers' privacy. Admiral's firstcarquote app was designed to allow new drivers to share social media data in order to get a discounted quote.

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