MICHIGAN Commissioner Appeals Credit Scoring Decision The state of Michigan has filed an appeal of a judge’s ruling that allowed insurance companies to continue using customers’ credit scores to determine their home and automobile insurance rates. Attorneys for the state, …
The state of Michigan has filed an appeal of a judge’s ruling that allowed insurance companies to continue using customers’ credit scores to determine their home and automobile insurance rates. Attorneys for the state, as expected, filed an appeal Monday …
In what best could be called “Survivor: The Colorado Legislative Session,” there were many twists, turns and surprises along the road to adjournment recently, however the insurance industry successfully worked to preserve the state’s stable marketplace, according to the Property …
When her husband Tim died, JoAnn Osmond inherited the family agency … and a career in Illinois Politics. Near the edge of the Illinois-Wisconsin border, closer to Milwaukee than Chicago, in a little town called Antioch, Ill., at the corner …
In a scathing opinion that sides with insurers on nearly all points of fact and law, Barry County Court Judge James Fisher declared illegal a rule set banning insurance scoring and reducing base rates. “The Commissioner clearly lacks any authority” …
The California legislature took action on several insurance-related bills recently, including a controversial bill dealing with the issue of broker compensation. SB 938 (Dunn) would “require that an agent or broker acting on behalf of a client in a transaction …
The American Insurance Association applauded the passage of an insurance scoring measure in Montana. The bill will ensure consistent use of personal credit information by insurers, while maintaining a tool that enables insurers to accurately predict risk and appropriately price …
The main benefit of using credit history to underwrite auto and homeowners insurance policies is that it allows insurers to charge lower risk consumers less for their coverage, according to the Property Casualty Insurers Association of America (PCI). PCI submitted …
Legislation sponsored by the Association of California Insurance Companies (ACIC) to impose strong regulation of the use of credit information by homeowners insurers passed its first committee test today. The bill, AB 1454 by Assemblyman Ron Calderon (D-Montebello), was approved …
New Democratic control of the Montana executive and legislative branches proved challenging for insurers who faced uphill lobbying efforts on several fronts in 2005, according to the American Insurance Association (AIA). AIA lobbied to defeat or amend bills to ban …
