Please note that all submissions to the site are subject to the wiki's licence, CC 4.0 BY-SA, as found here

Verisk

From Consumer Action Taskforce
Revision as of 02:05, 23 January 2025 by MasterJ (talk | contribs) (Created page to document Verisk Analytics and their collection of data from car manufacturers to resell to insurance companies.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

Verisk Analytics 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, Senators Wyden and Markey "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." Also in the letter the Senators state " 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"

In the letter is is alleged 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 released an article about it in March of 2024 right before Verisk shut down the service in April 2024.


https://www.hyundai-forums.com/threads/are-you-aware-that-hyundai-is-sharing-your-personal-and-driving-data-with-insurance-companies-via-verisk.712760/

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.