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One of Two Major Data Brokers Shuts Down Product Related To Driver Behavior Patterns
An anonymous reader quotes a report from The Record: The revelation earlier this year that General Motors had been selling driver behavior patterns to data brokers -- who in turn packaged and resold it to insurers -- has led at least one of two major data brokers to shut down its related product. Th...
While Verisk has stopped selling car company-provided driver behavior patterns to insurers, LexisNexis Risk Solutions continues to prominently promote its driver behavior data product for insurers despite the mounting backlash from state governments, federal officials and consumer groups. LexisNexis Risk Solutions' Telematics OnDemand page remains online, boasting that it is "bringing automakers and insurance carriers together." "By partnering directly with automotive OEMs, LexisNexis is able to turn connected car data into tangible driving behavior insights that can be leveraged within insurance carriers' existing workflows," the page says.
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