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 …
The failure of four bills introduced during the Washington State legislative session that would have banned or added further restrictions to the use of credit-based insurance scoring as an underwriting tool may send the message that the regulatory environment has …
Independent Agents and Their Customers Have the Most to Lose As product manager for the state’s largest writer of auto insurance through independent agents, I want to take this opportunity to remind you that preserving our ability to use credit-based …
The Arkansas General Assembly has completed its business for 2005, but will return for a formal and mostly ceremonial sine die adjournment on May 13, the American Insurance Association (AIA) reported. “AIA had two crucial goals this session. One was …
The American Insurance Association applauded the passage of an insurance scoring measure in Montana. This 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 …
As planned, a group of Michigan property/ casualty insurers has filed a lawsuit challenging the state’s new rule set banning their use of credit scores in auto and homeowners insurance and reducing base rates. According to Crain’s Detroit Business, the …
Independent Agents and Their Customers Have the Most to Lose As product manager for the state’s largest writer of auto insurance through independent agents, I want to take this opportunity to remind you that preserving our ability to use credit-based …
New Mexico Gov. Bill Richardson (D) signed into law SB 560, the Personal Insurance Credit Information Act, according to the American Insurance Association. The bill was passed by the legislature on March 19. SB 560 will provide New Mexico with …
The American Insurance Association commended New Mexico Gov. Bill Richardson (D) for signing into law this week SB 560, the Personal Insurance Credit Information Act. The bill was passed by the legislature on March 19. “By signing this bill, Gov. …
The American Insurance Association applauded the passage of an insurance scoring measure in Montana. This 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 …
