What is LexisNexis used for in insurance?

What information can be found on LexisNexis?

LexisNexis content includes more than 307 million court dockets and documents, over 168 million patent documents, 4.75 million State Trial Orders, and 1.5 million jury verdict and settlement documents.

Why would an insurance company do a credit check?

Most insurance companies using credit information will include it as a factor in determining your rate. For example, someone with a relatively high credit score may pay a lower premium than someone with a relatively low credit score.

Can you remove information from LexisNexis?

Individuals may request to opt-out of having personal information about themselves made available through certain LexisNexis products and services, in accordance with legal requirements or if permitted by LexisNexis policy. Such requests are referred to as "Information Suppressions."

Can I look myself up on LexisNexis?

You may order information on yourself by filling out a request, which must include proper identification. If you have questions or need to submit documents, you can do so via our LexisNexis Risk Solutions Reports Help page.

Who would use LexisNexis?

Who are your customers? Examples of LexisNexis customers include law enforcement agencies, federal homeland security departments, banking and financial services companies and insurance carriers, legal professionals, and state and local governments.

Why does LexisNexis have my information?

LexisNexis provides a Consumer Disclosure Report to companies. This report allows companies to make more informed decisions about doing business with new customers.

What do people use LexisNexis for?

LexisNexis is a consumer reporting agency that provides information about individuals that commercial organizations, government agencies and nonprofits need to get a complete picture of individuals, businesses and assets.

Does LexisNexis affect credit score?

This is recorded in your credit history, but is only visible to you and not visible to lenders and therefore don't affect your credit score. However, if the footprint mentions only LexisNexis it would be related to insurance services meaning an insurance company would have carried out an identity check on you.

How much does LexisNexis cost per month?

As of this review, the price of a three-year commitment to LexisNexis starts at $153.00 per month (1-year contract). This tier provides case law, statutes, and legislation for one state and the ability to Shepardize your results.

What information do insurance companies have access to?

Insurance companies often request your medical information to assess claims and determine coverage. They may access various records, including treatment histories, diagnostic reports, and medication lists. Knowing which records are accessible helps protect your privacy and ensure your information is used appropriately.

Is it illegal for insurance companies to check your credit?

California

Insurance companies in California don't use credit-based scores or your credit history for underwriting or rating auto policies, or setting rates for homeowners insurance. As a result, your credit won't impact your ability to get or renew a policy, or how much you pay in premiums.

What is a good insurance credit score?

Insurance scores using the LexisNexis Risk Classifier range from 200 to 997. According to the company, a score of 770 or better is considered good and will get you favorable rates. A score of 500 or below is considered poor and could result in higher premiums or being turned down for coverage.

Can I view my LexisNexis report?

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.

What insurance company doesn't use LexisNexis?

Root, Metromile, and Mercury Insurance are the best car insurance companies that don't use LexisNexis. Root is the cheapest company that doesn't use LexisNexis. Rates start at $16/month. However, Root and Metromile are only available to low-mileage drivers.

How do I clear my LexisNexis history?

What happens if I opt out of LexisNexis?

Basically, once you request to opt out of LexisNexis, you can expect some of your information to be deleted from its system. However, according to the data analytics company, it does keep public records that are available to law enforcement officials.

Does LexisNexis affect insurance rates?

LexisNexis® Indicium and Consumer Plus

We use information from data we access on behalf of our Customers to create an overall risk score that insurers may use as one factor to help them assess the price they offer for home, motor, commercial or other general insurance.

What is LexisNexis insurance?

LexisNexis® Risk Solutions provides customers with innovative technologies, information-based analytics, decisioning tools and data management services that help them solve problems, make better decisions, stay compliant, reduce risk and improve operations.