Following discussions with the Independent Insurance Agents of America (IIAA), Alexandria, Va., ChoicePoint Inc., an Alpharetta, Ga.-based provider of data services to the insurance industry, has agreed to end its practice of data-mining the insurance transactions of independent agents and brokers. The firm was creating "shopping dates" (when consumers would be most likely to shop for insurance) by using dates culled from insurance quote and underwriting transactions submitted to the company by agents and brokers. The firm then sold this information to other agents and insurance companies in lead lists. IIAA first raised its concerns about this practice with ChoicePoint last August after being alerted to the company's practice when an IIAA member purchased a prospect list from ChoicePoint that included a number of his own agency clients.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access