Credit Scoring News

Insurance credit scoring plagued with fundamental problems

A fundamental problem exists with insurance scoring. The problem is that insurance scores and credit scores reflect correlation, but correlation does not necessarily indicate dependency upon which effective decisions can be made. For example, there may be a relationship between …

UNDER Construction: The Green Property Insurance Market

Douglas G. Hotchkiss, owner of the Dallas, Texas-based Hotchkiss Insurance Agency, hadn’t thought much about building “green” or environmentally-friendly structures. But he now says, “it’s a bigger deal than I thought. … I guess I’ve been asleep at the wheel …

News Currents

New risk assessment techniques a must if credit scoring bans enacted Insurers will need to develop new evaluation techniques to assess risks, if the use of credit scoring in underwriting goes away, attendees at the CAS Seminar on Predictive Modeling …

Insurance credit scoring plagued with fundamental problems

A fundamental problem exists with insurance scoring. The problem is that insurance scores and credit scores reflect correlation, but correlation does not necessarily indicate dependency upon which effective decisions can be made. For example, there may be a relationship between …

UNDER CONSTRUCTION

Douglas G. Hotchkiss, owner of the Dallas, Texas-based Hotchkiss Insurance Agency, hadn’t thought much about building “green” or environmentally-friendly structures. But he now says, “it’s a bigger deal than I thought. … I guess I’ve been asleep at the wheel …

New Risk Assessment Techniques a Must If Credit Scoring Bans Enacted

Insurers will need to develop new evaluation techniques to help them assess risks, if the use of credit scoring in underwriting goes away, attendees at the CAS Seminar on Predictive Modeling heard here during a session titled “What To Do …

Mich. appeals court hears oral arguments on use of credit scores

A hearing with oral arguments on the legality of the use of credit scoring in setting insurance rates took place in Lansing, Mich., this month at the Hall of Justice. The appeals hearing follows the ruling by Judge James H. …

Supreme Court agrees to hear insurance credit scoring cases

The U.S. Supreme Court has agreed to hear one hour of oral arguments on insurers’ use of credit reports, based on appeals filed by Safeco Insurance Co. of America and GEICO General Insurance Co., which was supported by friend of …

6 Pennsylvania: Wall Street West?

State makes pitch to be Wall Street’s backup location 6 Making Hartford shine again Conn. sees talent pool giving it edge in competition for insurance jobs 8 Mass. weighs jail time for workplace safety violators State may also require regular …

Mich. appeals court hears oral arguments on use of credit scores

A hearing with oral arguments on the legality of the use of credit scoring in setting insurance rates took place in Lansing, Mich., this month at the Hall of Justice. The appeals hearing follows the ruling by Judge James H. …