A bill supported by North Dakota Insurance Commissioner Jim Poolman would limit insurers’ use of credit scoring by expanding the definition of the prohibited “adverse actions” they can take based on the information. The proposal, HB 1335, was debated in …
New Delaware Insurance Commissioner Matt Denn announced he will support a bill being introduced that seeks to ban the use of credit scores by insurers in personal lines insurance rating. State Senator Margaret Rose Henry and Denn said that legislation …
LANSING, Mich.–Michigan Gov. Jennifer Granholm and Office of Financial and Insurance Services Commissioner Linda A. Watters have sent a legislative panel a set of proposed rules to reduce base insurance rates and prohibit insurers from using credit scores to determine …
In an ongoing effort to charge accurate insurance rates, carriers are increasingly looking to the use of consumers’ credit information as an aid in determining underwriting, tier placement, rating and/or payment plan eligibility. The Texas Department of Insurance completed a …
Insurance payers in Michigan soon may be paying less. Gov. Jennifer Granholm and Office of Financial and Insurance Services Commissioner Linda A. Watters said last Wednesday they sent a legislative panel a set of proposed rules to reduce base insurance …
Calling the practice discriminatory and unfair, Texas State Senator Rodney Ellis of Houston announced he and Senators Gonzalo Barrientos of Austin and Eliot Shapleigh of El Paso will file a bill that bans credit scoring as a underwriting guideline for …
Wasting little time acting on one of his campaign promises, new Delaware Insurance Commissioner Matt Denn announced he will support a bill being introduced that seeks to ban the use of credit scores by insurers in personal lines insurance rating. …
The Texas Department of Insurance announced it has completed a “Report to the 79th Legislature – Use of Credit Information by Insurers,” which details a recently conducted a legislatively mandated study on the use of credit scoring. TDI said the …
The Texas Department of Insurance has released its Report to the 79th Legislature on the use of credit scoring by the insurance industry. In announcing the report TDI said preliminary findings from the study “indicate a strong relationship between credit …
In times of disaster the insurance industry is supposed to shine, and your industry did,” Alabama Insurance Commissioner Walter A. Bell commented during a panel discussion at the Society of Insurance Research annual conference in Atlanta. The discussion on “The …
