Credit Scoring News

Minn. AG Backs Ban on Insurance Credit Scores

A bill to ban insurance companies from using a consumer’s credit score in setting premium for home or auto coverage is backed by Minnesota Attorney General Mike Hatch and two state legislators. The proposed bill contends that an increasing number …

Alaska Superior Court offers ruling on credit history in underwriting

An Alaska Superior Court recently ruled that credit history can be used in insurance underwriting. That is a major victory for consumers, according to the Property Casualty Insurers Association of America (PCI). “This decision upholds our contention that the use …

Alaska Superior Court offers ruling on credit history in underwriting

An Alaska Superior Court recently ruled that credit history can be used in insurance underwriting. That is a major victory for consumers, according to the Property Casualty Insurers Association of America (PCI). “This decision upholds our contention that the use …

Alaska Superior Court Offers Ruling on Credit History in Underwriting

An Alaska Superior Court recently ruled that credit history can be used in insurance underwriting. That is a major victory for consumers, according to the Property Casualty Insurers Association of America (PCI). “This decision upholds our contention that the use …

Why Mass. Should Keep Its Current Auto System with State-Set Rates

The State’s Independent Agents Explain Why They Oppose a Switch to Competitive Rating I agree with Gov. Romney that improving road designs, dangerous intersections and combating fraud will go a long way to lowering automobile insurance rates in the Commonwealth …

Why Mass. Should Keep Its Current Auto System with State-Set Rates

I agree with Gov. Romney that improving road designs, dangerous intersections and combating fraud will go a long way to lowering automobile insurance rates in the Commonwealth of Massachusetts. But I disagree with his assertion that eliminating our system of …

Natural Catastrophes, Aftermarket Auto Repair Parts, Credit Scoring Top AIA’s Agenda at NCOIL Meeting

The American Insurance Association (AIA) said it looks forward to an open dialogue with state legislators regarding the recent hurricanes and their ramifications for the insurance industry during the annual meeting of the National Conference of Insurance Legislators (NCOIL) Nov. …

Credit-based Insurance Scoring Remains a Key Legislative, Regulatory Issue

Credit-based insurance scoring has been a contentious legislative and regulatory issue in the world of insurance for at least the last three or four years, but the nature of the debate has changed, Robert Detlefsen, National Association of Mutual Insurance …

Credit-based Insurance Scoring Remains a Key Legislative, Regulatory Issue

Credit-based insurance scoring has been a contentious legislative and regulatory issue in the world of insurance for at least the last three or four years, but the nature of the debate has changed, Robert Detlefsen, National Association of Mutual Insurance …

Hartford to Issue Refunds in Delaware Over Error in Credit Scoring

In July, James Fry of Dagsboro, e-mailed Delaware Insurance Commissioner Matt Denn about an increase in his homeowner insurance premium that he knew couldn’t be right. Fry asked for an explanation of a proposed annual increase in his homeowner premium …