National • April 28, 2004
“What I don’t understand is why there is a problem with a perfectly good plan to have persons more likely to have accidents pay their fair share of the risk. I don’t believe that there is any doubt about the actuarial tables that find a definite link between “low” credit scores and the risk of a loss. As for claiming discrimination, the scoring does not provide the companies any information about race so what’s the problem? As for insurance companies being in the risk business … that may be true, but the first responsibility for any company is to turn a profit. No profit, no business. We don’t need any more Kempers out there.”
— Ray C. Margeson, Elmira, N.Y.
Topics Lawsuits
Was this article valuable?
Here are more articles you may enjoy.
What Analysts Are Saying About the 2026 P/C Insurance Market
Trapped Tesla Driver’s 911 Call: ‘It’s on Fire. Help Please’
After Falling 6% in 2025, Average Auto Insurance Cost Will Stabilize in 2026, Says Insurify
Uber Jury Awards $8.5 Million Damages in Sexual Assault Case 


