LexisNexis Misuses Consumer Insurance Info: Rival

Law360, New York (December 7, 2011, 5:43 PM EST) -- Reed Elsevier Inc.'s legal research service LexisNexis has gained an unfair advantage in the market for insurance software by illegally buying and aggregating consumer reports, a rival company said in a lawsuit removed to California federal court last week.

LexisNexis’ InsurView program — a market analysis tool for insurance companies — has reaped substantial profits for over a decade, but it uses consumer data for a purpose other than insurance underwriting in violation of the Fair Credit Reporting Act, according to the suit by Quadrant Information...
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