Comment Re:Explain like a 5 year old... (Score 3, Informative) 158
In the United States auto and property insurance companies have tried occasionally to use algorithms to set rates that are most fair to everyone. Objectively, "most fair" is not the same thing as "equal." So, invariably rates were higher for groups that factually represented greater risk to the pool of insurance consumers (largely based on real data from claims paid), and also predictably these groups tended to be represented by a single or small number of demographics. In all cases like this the consumers sued and won, forcing the less risky consumers to pay more and the more risky consumers to pay less.