What is LexisNexis for insurance?
LexisNexis® LexID for Insurance
LexisNexis C.L.U.E. (Comprehensive Loss Underwriting Exchange) is a claims information exchange. 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 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.
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.
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.
No, not all insurance companies report to CLUE, but more than 99% of auto insurance companies and 96% of home insurance companies do contribute, according to LexisNexis. Only insurance companies that report information to CLUE can also withdraw information from the LexisNexis database.
data gets compiled much like credit reporting agencies collect information from your creditors about your credit usage and history. Insurers submit insurance claims information to the C.L.U.E. database on a daily and weekly basis. Not all insurers use the service, but most do, says a LexisNexis spokesperson.
LexisNexis® InstantID® is a configurable identity verification solution that allows you to verify consumer information to drive smarter decisions and keep customer acquisition in focus. For identity verification of businesses, see LexisNexis® InstantID® Business.
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."
| Company Name | Website | Sub Level Industry |
|---|---|---|
| Comcast | xfinity.com | Telephony & Wireless |
| The University of Texas System | utsystem.edu | Colleges & Universities |
| Winrock International | winrock.org | Rail, Bus, Commuter & Taxi |
| State of Tennessee | tn.gov | Government |
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.
You may order information on yourself or someone whom you have legal authority over, such as a minor.
LexisNexis mails letters via U.S. Postal Service first-class mail to individuals whose information may have been accessed in an unauthorized manner.
Insurance companies check your credit score in order to gauge the risk they'll take to insure you. Studies have indicated that those with lower credit scores are likely to file more claims or have more expensive insurance claims, while those with higher credit scores are less likely to do so.
Have the LexisNexis / IIL searches impacted my credit score? The CRA searches conducted by LexisNexis/IIL on behalf of insurers and brokers are classified as 'soft searches' and these types of searches have no impact on your credit score.
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.
Click History. Click View All History. Click delete icon. Click Delete.
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.
Contact LexisNexis: They will investigate the errors and the nature of the dispute and remove any information that is found to be incorrect. You can contact the LexisNexis consumer care center by: Phone: 888-497-0011. Email: documents@lexisnexis.com.
What Is a Clue Report? 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.
How do you remove items from LexisNexis?
Select the item you want to delete. Items, such as exhibit pages and transcripts, are not deleted from presentations, they are removed. Accordingly, if you want to remove an item from a presentation, you must select the item then then click Remove Item.
With LexisNexis Applicant Screening organizations can conduct criminal background searches, check civil records for evidence of past employment-related lawsuits, and verify educational and licensing credentials.
To request a LexisNexis opt-out, you must submit an online form. After this, it may take up to 30 days for your information to be removed.
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.
If your report contains public records, the Public Records section includes items from courts that Experian may have obtained through LexisNexis Risk Data Management Inc., a third-party vendor.
