Law360, New York (June 8, 2015, 10:33 AM EDT) -- "Price optimization," an emerging practice that uses big data, predictive modeling and data analytics in pricing insurance products, especially personal lines property and casualty insurance, continues to draw the attention of state regulators, consumer advocates and class action plaintiffs. Several states have issued bulletins questioning — and in some cases, prohibiting — certain "price optimization" practices; the National Association of Insurance Commissioners Casualty Actuarial and Statistical (C) Task Force is preparing guidance on price optimization; and the Federal Advisory Committee on Insurance discussed the issue in its most recent meeting. At issue is whether state regulators should constrain "price optimization" in some fashion or permit the practice....