Automakers including GM (GM), Honda (HMC), Kia (KIMTF), and Hyundai (HYMTF) are collecting driving data from internet-connected vehicles and sharing it with insurance companies without clear consent, The New York Times’ Kashmir Hill reports. LexisNexis, which generates consumer risk profiles for the insurers, knew about every trip GM drivers had taken in their cars, including when they sped, braked too hard or accelerated rapidly, Hill writes, adding that some drivers may not realize that their driving data is being shared with insurance companies.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GM:
