Credit Scoring News

The Midwest’s Top 10 Newsmakers in 2004

What a long, strange trip it’s been. The year started with the two Chicago-area property/casualty insurance trade groups, the National Association of Independent Insurers and the Alliance of American Insurers, merging to form the Property Casualty Insurers Association of America. …

Ark. Issues Reminder of Credit Scoring Reports

The Arkansas Insurance Department recently issued a reminder to property and casualty insurers operating in the state of the requirement to submit a report to the department concerning companies’ use of credit scoring in writing personal lines of insurance. Arkansas …

From Maine to Virginia … What Happened in 2004

Leaving aside the insurance brokerage compensation investigations, the World Trade Center trial, the St. Paul-Travelers merger and the UnumProvident settlement, all of which have their roots in this region but grew to become national insurance stories; and bypassing most reform …

Trouble Ahead, Trouble Behind

The time seems to fly by so fast when you’re covering insurance. It’s been quite an eventful first year for Insurance Journal Midwest. We saw Near North Insurance Brokerage CEO Michael Segal convicted on dozens of federal fraud and racketeering …

The Midwest’s Top 10 Newsmakers

Here Are the Heartlanders Who Made Insurance Headlines in 2004 What a long, strange trip it’s been. The year started with the two Chicago-area property/casualty insurance trade groups merging to form the Property Casualty Insurers Association of America. It continued …

Consumer Group Praises Insurance Commissioner Kreidler for Hearing on Credit Scoring

The Center for Economic Justice (CEJ) praised Washington Insurance Commissioner Mike Kreidler for seeking greater disclosure from insurers about their use of credit scoring. CEJ urged Kreidler to quickly adopt the proposed regulation that requires insurers to better explain how …

S.D. INSURERS ASK STEUCK TO SPIKE CREDIT SCORING BILL:

South Dakota draft legislation regarding credit scoring is unnecessary, burdensome and would open the door for even more restrictive alternatives in the legislature if introduced, a leading industry representative has told Insurance Director Gary Steuck. The draft legislation, DRR26, would …

PCI Opposes NCOIL Market Conduct Model Act

The Property Casualty Insurers Association of America (PCI) told legislators at the recent meeting of the National Conference of Insurance Legislators (NCOIL) in Florida that it would not support the Market Conduct Surveillance Model Act in its current form in …

S.D. Insurers Ask Steuck to Spike Credit Scoring Bill

South Dakota draft legislation regarding credit scoring is unnecessary, burdensome and would open the door for even more restrictive alternatives in the legislature if introduced, a leading industry representative has told Insurance Director Gary Steuck. The draft legislation, DRR26, would …

Coloring by Numbers

The vote tallies in the presidential and congressional races suggest this is a blue region (with the exception of Virginia) but that is probably not true of the insurance community here or elsewhere. Purple, maybe; blue, doubtful. Blue voters can …