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Verisk: 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. | [[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>https://www.wyden.senate.gov/imo/media/doc/wyden-markey_auto_privacy_letter_to_ftc.pdf</ref><blockquote> | |||
In a [https://www.wyden.senate.gov/imo/media/doc/wyden-markey_auto_privacy_letter_to_ftc.pdf | 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,<ref>https://www.nytimes.com/2024/03/11/technology/carmakers-driver-tracking-insurance.html</ref> right before Verisk shut down the service in April 2024. | ||
Latest revision as of 13:54, 23 January 2025
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,[2] right before Verisk shut down the service in April 2024.
https://www.nytimes.com/2024/03/11/technology/carmakers-driver-tracking-insurance.html
https://www.caranddriver.com/news/a61711288/automakers-sold-customer-data-for-small-profits/
https://www.caranddriver.com/news/a60175396/connected-cars-driver-data-tracking-insurance/
Probably need an article on LexisNexis and their involvement with insurance companies as a "driver score" company.