Verisk Analytics, Inc.
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| Basic information | |
|---|---|
| Founded | 1971 |
| Legal Structure | Public |
| Industry | Data Broker |
| Also known as | |
| Official website | https://verisk.com/ |
Verisk Analytics, Inc., is an 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 wrote:[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
- ↑ United States Senate (26 Jul 2024). "Senators Ron Wyden and Edward J. Markey to the Honorable Lina S. Khan (FTC Chair)" (PDF). Archived from the original (PDF) on 20 Jul 2025. Retrieved 15 Mar 2025.
- ↑ Hill, Kashmir (11 Mar 2024). "Automakers Are Sharing Consumers' Driving Behavior With Insurance Companies". The New York Times. Archived from the original on 20 Feb 2026. 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". Archived from the original on 24 Feb 2026. 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. Archived from the original on 23 Sep 2025. Retrieved 15 Mar 2025.
- ↑ Stafford, Eric (12 Mar 2024). "Your 'Connected' Car May Be Transmitting Your Driving Data to Insurance Companies". Car and Driver. Archived from the original on 23 Sep 2025. Retrieved 15 Mar 2025.