(redirected from Comprehensive Loss Underwriting Exchange)
CLUEComprehensive Loss Underwriting Exchange (insurance)
CLUEColorado Linux Users
CLUECanadian Linux Users Exchange (computing)
CLUEClaim Loss Underwriting Exchange (California)
CLUECorrection of Local Usage Errors (telephony)
CLUEComprehensive Look at Unit Effectiveness
CLUEClinical Look-Up Engine (database of medical information, England)
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All claims are stored for seven years in a database known as a CLUE (Comprehensive Loss Underwriting Exchange), and may be accessed by all insurance carriers.
(Comprehensive Loss Underwriting Exchange) report from LexisNexis for personal or auto insurance claim inquiries; First Advantage for employment history; medical history reports from MIB Group (formerly Medical Information Bureau); and rental and mortgage history from CoreLogic.
Amica uses a variety of third-party data such as motor vehicle reports, Comprehensive Loss Underwriting Exchange reports, and insurance bureau scores, according to Palumbo.
"Insurers report these inquiries to insurance claim history databases such as the Comprehensive Loss Underwriting Exchange (CLUE), operated by ChoicePoint, Inc., or the AutomobileProperty Loss Underwriting System (A-PLUS), operated by the Insurance Services Organization.
"MVRs have been used for a long time, and technology is advancing carriers' ability to use motor vehicle data sets more efficiently and effectively," said John Wilson, assistant vice president of analytics for ChoicePoint--the creator of CLUE (Comprehensive Loss Underwriting Exchange) reports.
In 2004, laws protecting the use of loss history reports generated by the Comprehensive Loss Underwriting Exchange were enacted in nine states: Arizona, Colorado, Georgia, Maine, North Carolina, Oklahoma, Utah, Virginia, and Wyoming.
CLUE stands for Comprehensive Loss Underwriting Exchange, and is a database that has served to track all claims filed on houses over the last 10 years.
It then goes to several other databases, such as the Comprehensive Loss Underwriting Exchange, provided by Choicepoint Inc., which gives it information on any losses the applicant has reported to any insurance company.
The concern is that the use of two primary loss-history databases, the Comprehensive Loss Underwriting Exchange, or CLUE, for homeowners policies and the Automobile-Property Loss Underwriting system, or A-PLUS, for property and automobile policies can lead to adverse underwriting decisions based on an insured's mere inquiry about possible coverage, or on losses suffered by a former property owner due to his or her negligence.
Almost as soon as the service was launched in the early 1990s, insurers began ordering claims reports on applicants and houses from the Comprehensive Loss Underwriting Exchange, a service of ChoicePoint.
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