ChoicePoint Settles Data Issue With Agents
By Mark E. Ruquet
NU Online News Service, Jan. 24, 10:27 a.m. EST?Insurance information provider, ChoicePoint, after complaints that they were violating proprietary rights of independent agents, has agreed to stop selling data they accumulated from transactions with agents.
The company said it would halt the sale of client policy expiration date lists gathered from independent agents who contacted the service for inquiries on client credit background.
The Alpharetta, Ga., reporting service agreed to change its practice after several agent groups brought the issue to their attention. The Independent Insurance Agents of America and the National Association of Professional Insurance Agents, both based in Alexandria, Va., along with the Professional Insurance Agents Alliance an eight-state organization of Northeast and Midwest PIA groups contacted the company, ChoicePoint said.
Several insurance companies, who work through the independent agency system, have reportedly made changes in their contracts with the information service to stop the data harvesting practice.
ChoicePoint said this month it ended the practice of developing the lists with information gathered from independent agent's orders.
ChoicePoint said it did not agree that any agent's proprietary rights were violated. However, it would no longer develop the list from orders placed directly by independent agents to the service or through an agent's company office. ChoicePoint also said it would purge its database of such information.
.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
