Verisk Analytics, Inc.: Difference between revisions
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Verisk Analytics, Inc. is a American corporation that collects data and provides it to third parties that use the data for risk assessment. | {{Incomplete}}{{InfoboxCompany | ||
| Name = Verisk Analytics | |||
| Type = Public | |||
| Founded = 1971 | |||
| Industry = Data Analytics | |||
| Official Website = https://verisk.com/ | |||
| Logo = Verisk.svg | |||
}} | |||
[[wikipedia:Verisk|'''Verisk Analytics, Inc.''']], is a American corporation that collects data and provides it to third parties that use the data for risk assessment. | |||
In a letter to the [[Federal Trade Commission]] (FTC), Senators Wyden and Markey write:<ref>{{Cite web |last=United States Senate |date=26 Jul 2024 |title=Senators Ron Wyden and Edward J. Markey to the Honorable Lina S. Khan (FTC Chair) |url=https://www.wyden.senate.gov/imo/media/doc/wyden-markey_auto_privacy_letter_to_ftc.pdf |access-date=15 Mar 2025}}</ref><blockquote> | |||
"We write to urge the Federal Trade Commission (FTC) to investigate automakers’ disclosure of millions of Americans’ driving data to data brokers, and to share new details about the practice uncovered in a recent oversight investigation. … Senator Wyden’s office conducted follow-up oversight into three auto manufacturers — GM, Honda, and Hyundai — that shared data with the data broker Verisk Analytics. Each of these three automakers confirmed their disclosure of drivers’ data to Verisk, such as acceleration and braking data."</blockquote>The letter alleges that Verisk acquires data from auto manufacturers and sells that data to insurance companies in the form of risk-assessment data. The ''New York Times'' reported on this allegation in March 2024, right before Verisk shut down the service in April 2024.<ref>{{Cite web |last=Hill |first=Kashmir |date=11 Mar 2024 |title=Automakers Are Sharing Consumers’ Driving Behavior With Insurance Companies |url=https://www.nytimes.com/2024/03/11/technology/carmakers-driver-tracking-insurance.html |access-date=15 Mar 2025 |website=The New York Times}}</ref><!-- Probably need an article on LexisNexis and their involvement with insurance companies as a "driver score" company. --> | |||
<ref>{{Cite web |last=bkspero |date=26 Mar 2024 |title=Are you aware that Hyundai is sharing your personal and driving data with insurance companies via Verisk |url=https://www.hyundai-forums.com/threads/are-you-aware-that-hyundai-is-sharing-your-personal-and-driving-data-with-insurance-companies-via-verisk.712760/ |access-date=15 Mar 2025 |via=Hyundai Forums}}</ref><ref>{{Cite web |last=Fitzgerald |first=Jack |date=31 Jul 2024 |title=Automakers Sold Drivers' Data for Shockingly Low Amounts of Money |url=https://www.caranddriver.com/news/a61711288/automakers-sold-customer-data-for-small-profits/ |access-date=15 Mar 2025 |website=Car and Driver}}</ref><ref>{{Cite web |last=Stafford |first=Eric |date=12 Mar 2024 |title=Your 'Connected' Car May Be Transmitting Your Driving Data to Insurance Companies |url=https://www.caranddriver.com/news/a60175396/connected-cars-driver-data-tracking-insurance/ |access-date=15 Mar 2025 |website=Car and Driver}}</ref> | |||
==References== | |||
<references /> | |||
[[Category:Verisk Analytics]] | |||
Latest revision as of 12:47, 15 March 2025
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| Basic information | |
|---|---|
| Founded | 1971 |
| Type | Public |
| Industry | Data Analytics |
| Official website | https://verisk.com/ |
Verisk Analytics, Inc., is a American corporation that collects data and provides it to third parties that use the data for risk assessment.
In a letter to the Federal Trade Commission (FTC), Senators Wyden and Markey write:[1]
"We write to urge the Federal Trade Commission (FTC) to investigate automakers’ disclosure of millions of Americans’ driving data to data brokers, and to share new details about the practice uncovered in a recent oversight investigation. … Senator Wyden’s office conducted follow-up oversight into three auto manufacturers — GM, Honda, and Hyundai — that shared data with the data broker Verisk Analytics. Each of these three automakers confirmed their disclosure of drivers’ data to Verisk, such as acceleration and braking data."
The letter alleges that Verisk acquires data from auto manufacturers and sells that data to insurance companies in the form of risk-assessment data. The New York Times reported on this allegation in March 2024, right before Verisk shut down the service in April 2024.[2]
References[edit | edit source]
- ↑ United States Senate (26 Jul 2024). "Senators Ron Wyden and Edward J. Markey to the Honorable Lina S. Khan (FTC Chair)" (PDF). Retrieved 15 Mar 2025.
- ↑ Hill, Kashmir (11 Mar 2024). "Automakers Are Sharing Consumers' Driving Behavior With Insurance Companies". The New York Times. Retrieved 15 Mar 2025.
- ↑ bkspero (26 Mar 2024). "Are you aware that Hyundai is sharing your personal and driving data with insurance companies via Verisk". Retrieved 15 Mar 2025 – via Hyundai Forums.
- ↑ Fitzgerald, Jack (31 Jul 2024). "Automakers Sold Drivers' Data for Shockingly Low Amounts of Money". Car and Driver. Retrieved 15 Mar 2025.
- ↑ Stafford, Eric (12 Mar 2024). "Your 'Connected' Car May Be Transmitting Your Driving Data to Insurance Companies". Car and Driver. Retrieved 15 Mar 2025.