What is LexisNexis for insurance? (2024)

What is LexisNexis for insurance?

LexisNexis® Risk Solutions provides products and services to business customers (such as insurers, brokers, other insurance intermediaries and their comparison service providers) (our “Customers”) to help in their validation, integration and management of your identity when you're applying for general insurance ...

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What do insurance companies use LexisNexis for?

It collects and reports up to seven years of auto and personal property claims. It also provides insurance risk scores to help inform pricing and underwriting decisions for the insurance industry. LexisNexis C.L.U.E. Inc. is affiliated with LexisNexis Risk Solutions.

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What does LexisNexis check?

Collects information from public records and multiple proprietary data sources. This includes items such as real estate transaction and ownership data, lien, judgment, and bankruptcy records, professional license information, and historical addresses on file.

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What is the point of LexisNexis?

LexisNexis helps uncover the information that commercial organizations, government agencies and nonprofits need to get a complete picture of individuals, businesses and assets with industry-leading data and analytic solutions. We offer innovative analytic solutions to serve a wide range of industries.

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What is a good LexisNexis insurance score?

What's a good insurance score? Using the LexisNexis Risk Classifier, an insurance score of 770 or higher out of 997 is considered good and will get you a favorable premium. A score of 500 or below is considered poor and could result in higher premiums or being turned down for coverage.

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Do all insurance companies report to LexisNexis?

A CLUE report is a summary of a person's auto or home insurance claim history that all major insurance companies consult when they take on a new customer. The CLUE database, which is run by LexisNexis, lets insurers see any claims that a new customer has filed within the last seven years.

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Is it safe to opt out of LexisNexis?

You can ask to remove your data from LexisNexis, but that's not an ideal option to keep your information and, most importantly – yourself – safe. Data brokers will continuously track you: your information will continue appearing on other sites just as quickly.

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Can I look myself up on LexisNexis?

You may order information on yourself or someone whom you have legal authority over, such as a minor. If you are ordering information for someone other than yourself, you will need to submit paperwork to prove you have authorization.

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Can I pull my own LexisNexis?

You can request and receive reports from LexisNexis Risk Solutions online. After your request is submitted, you will receive a letter via U.S. Mail with details explaining how to access your report online.

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Why has LexisNexis appeared on my credit report?

This means that the company named after LexisNexis/Tracesmart has made a check using our products. Those checks are not credit checks, they are identity checks and leave what's called a soft print of your credit report.


Can anyone get access to LexisNexis?

LexisNexis and Westlaw publish PUBLICLY AVAILABLE statutes and judicial opinions that anybody can access if they're willing to go to the trouble of looking for the information.

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Why have LexisNexis searched me?

Why is LexisNexis or Insurance Initiatives Ltd (IIL) on my credit file? A LexisNexis/IIL search footprint on your credit file demonstrates that an insurer or broker has requested LexisNexis/IIL to search your data with a Credit Reference Agency (“CRA”).

What is LexisNexis for insurance? (2024)
Do insurance companies run your credit for a quote?

Insurance quotes do not affect credit scores. Even though insurance companies check your credit during the quote process, they use a type of inquiry called a soft pull that does not show up to lenders. You can get as many inquiries as you want without negative consequences to your credit score.

What credit bureau uses LexisNexis?

LexisNexis Risk Data Management, Inc. ("LexisNexis") is a provider of bankruptcy information to Experian. If you have questions about the information LexisNexis has provided to Experian, please contact us by one of the methods referenced below.

Do car insurance companies check your credit?

Most insurers use credit checks to create a credit-based insurance score to help set your rate. Some insurers provide auto insurance with no credit check, which might seem appealing if you have a poor credit history.

How do I clear my LexisNexis history?

Click History. Click View All History. Click delete icon. Click Delete.

How far back does a LexisNexis report go?

Records are searched for criminal convictions at the felony and misdemeanor levels where available. Reports include all convictions, dismissed data, and cases pending sentencing if within the 7-year guideline. FEATURES AND BENEFITS Requested online—search requests can be made anywhere and at any time.

Why did LexisNexis request my driving record?

LexisNexis uses motor vehicle records and other publicly available data in its software tool for evaluating life insurance applicants. The tool's algorithm produces a score based on the data for each applicant. Life insurance companies can use the scores to help price policies.

Why do people opt out of LexisNexis?

By opting out of LexisNexis and Sage Stream, you regain control over your personal information. Data brokers often sell data to third parties, which can lead to unwanted marketing solicitations, potential identity theft risks, and a loss of privacy.

Do I have to pay for LexisNexis?

1.3 Access Access charges range from $0 to $99. 1.4 LexisNexis® Alert Charges for Lexis, Lexis+, Lexis+ AI Alert searches (accessed through online research services) are based on the frequency of execution, according to the table below. LexisNexis Alerts prints are subject to applicable printing rates.

What is the LexisNexis controversy?

LexisNexis' Contract with ICE Allows for Illegal Surveillance of Immigrants, Lawsuit Claims. The Chicago ICE Field Office conducted more than 13,000 searches of the LexisNexis database between March and September 2021.

How much does LexisNexis cost per month?

As of this review, the price of a three-year commitment to LexisNexis starts at $105.00 per month.

How do I block LexisNexis?

Request Your Security Freeze Online

You can request your security freeze, or temporarily lift or permanently remove your security freeze, as well as order a replacement PIN for either yourself, a minor child (under the age of 16), or a protected consumer using our online Security Freeze Forms.

How long does information stay on LexisNexis?

All items remain in History for 90 days. While you cannot delete items from your History, the items are automatically and permanently removed after the 90 days.

Does progressive use LexisNexis?

Progressive gets your driving record from your state's DMV or LexisNexis, and they check the past 3 years for accidents and moving violations. If you were cited for a moving violation or got into an accident mid-policy, your rates will not change until your next renewal.

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