Credit Scoring News

Insurance Journal Presents Video Interviews with 15 State Insurance Commissioners

Reinsurance collateral, natural disaster plans, brokerage compensation disclosure, credit scoring, competition for insurance jobs—state insurance regulators across the country deal with these and many other issues. Insurance Journal reveals how they are handling the issues in a series of exclusive …

NetRate Systems Enables Commerce West Insurance Company to Implement Straight-Through Processing.

OKEMOS, MI – NetRate Systems has successfully partnered with Commerce West Insurance Company to enable Commerce West to implement rate/ quote/ issue of Personal Auto policies. The process utilizes a NetRate Systems rating engine behind NetRate’s browser-enabled user interface. Using …

Oregon Activitst Tries to Prohibit Insurers from Raising Rates

Sidelined for the past four years because of legal troubles brought on by a racketeering lawsuit, Oregon’s most prolific initiative author — Bill Sizemore — is getting back into the fight. Sizemore is promoting an initiative measure for the November …

Del. Chief Hails Anti-Fraud, Med Mal Bills; Vows Retry on Credit Score Ban

According to Insurance Commissioner Matt Denn, the 2006 Delaware General Assembly session produced some positive accomplishments, but also left some of what he says are his pro-consumer initiatives undone. “There are a few we won and a few we didn’t,” …

Florida vows to implement credit scoring rule despite protests

Florida insurance officials are vowing to enforce a new rule regarding the use of credit scores in insurance starting September 1, despite protests from the industry that the rule is too stringent. The Financial Services Commission unanimously adopted the rule …

In Mass., competition not like a box of chocolates

Massachusetts Rep. Ronald Mariano, D-Quincy, and the committee staffers who crafted his auto insurance competitive rating bill tried to sweeten the deal by throwing some bon bons into the box, including fraud fighting funds, an apparent ban on the use …

Florida vows to implement credit scoring rule despite protests

Florida insurance officials are vowing to enforce a new rule regarding the use of credit scores in insurance starting September 1, despite protests from the industry that the rule is too stringent. The Financial Services Commission unanimously adopted the rule …

In Mass., competition not like a box of chocolates

Massachusetts Rep. Ronald Mariano, D-Quincy, and the committee staffers who crafted his auto insurance competitive rating bill tried to sweeten the deal by throwing some bon bons into the box, including fraud fighting funds, an apparent ban on the use …

Mass. Proposal Would Phase-In Competitive Rating Over 5 Years; Retain Some Subsidies

Massachusetts would phase-in competitive rating of private passenger auto insurance over a five year period utilizing “flex band” rating while retaining certain subsidies and restricting how high liability rates can rise in any one year under a new proposal introduced …

Abram Interstate offers Homeowners Insurance in Arizona

Abram Interstate Insurance Services Inc. in Rocklin, Calif., is offering Homeowners coverage in Arizona. The program includes high risk properties, seasonal homes, brush areas, protection classes 1-10, older homes and homes with losses. High value homes can be written up …