Survey: Consumers Growing Wary of Information Sharing

The article summarizes a 2013 LexisNexis Risk Solutions survey of 2,072 consumers that found growing awareness of usage-based insurance (UBI) but increased discomfort with sharing driving, GPS, banking, search, and social network data; respondents showed conditional interest in UBI if offered discounts, opt-out options, choice over shared data, and short data retention periods.