Search results for Verisk
Industry
Automakers make money selling vehicle data as U.S. car privacy row spreads
A growing privacy debate in the United States is focusing on who should control location and driving-habit data collected by cars, after it emerged that such data was used in setting insurance rates. The U.S. Federal Trade Commission in January issued a final order barring General Motors and OnStar for five years from providing consumer location and driving-behavior data to consumer reporting agencies. Scrutiny is also widening to other automakers as lawmakers weigh new measures.
Finance
SpaceX IPO seen as potential catalyst for AI listings, broader Wall Street sentiment
Jim Cramer said the successful stock market debut of SpaceX could encourage new listings by artificial intelligence-related companies and help lift investor sentiment across Wall Street. He reviewed this week’s key events, including U.S. economic data, a Federal Reserve meeting and a Nasdaq 100 index rebalancing, saying they could raise short-term volatility while strengthening risk appetite over the medium to long term. He also cited possible geopolitical risk easing as an additional factor.
Mobility
California fines GM $12.75 million over driver data sales allegations
California imposed a $12.75 million penalty on General Motors over allegations it sold location and driving data from hundreds of thousands of OnStar users to data brokers. The settlement, pending court approval, also restricts GM’s business by barring it from selling consumer personal data for 5 years and requiring deletion of stored driver data within 180 days unless consent is renewed. GM must also stop selling driving data to consumer credit reporting agencies.