Credit Scoring News

NAMIC Makes the Case for Underwriting Freedom

Efforts to deregulate property casualty insurance should include easing restrictions that states place on insurance companies’ underwriting, and not just on removing pricing controls, the National Association of Mutual Insurance Companies (NAMIC) said today. At its annual convention in Washington, …

Kansas Bulletin on Credit Scoring’s ‘Sole Use’ Meets With Industry Resistance

The current Kansas Insurance Department regulation as well as a proposed bulletin on the use of credit-based insurance scores significantly alters the Kansas Insurance Score Act, one of 20 state laws based on the NCOIL model, and these alternations place …

The Growing Clout – and Controversy – of Consumer Credit Records

It’s Not Just the Insurance Industry Using Credit Scores to Size-Up Customers Brenda Matthews thought she had a new job lined up at Johnson & Johnson headquarters in New Jersey. After applying online for a position as a patent specialist, …

The Growing Clout – and Controversy – of Consumer Credit Records

It’s Not Just the Insurance Industry Using Credit Scores to Size-Up Customers Brenda Matthews thought she had a new job lined up at Johnson & Johnson headquarters in New Jersey. After applying online for a position as a patent specialist, …

People and Places

Jonathan Freeburg Chicago-based online wholesaler Noodle Specialty Brokers announced that Jonathan Freeburg has joined the company as a senior underwriter focusing on private company directors’ and officers’ liability insurance, with a special emphasis on employment practices liability insurance. Prior to …

PCI Comments on NAIC’s Adoption of Insurance Credit Scoring “Best Practices”

The Property Casualty Insurers Association of America has issued a critical statement following the adoption by the Credit Scoring Working Group of the National Association of Insurance Commissioners (NAIC) of its “best practices” document, despite strong objections from insurers. PCI …

NAMIC Targets Corporate Governance, Market Conduct, Securities Ratings, and Credit Scoring at NAIC Meeting

The National Association of Mutual Insurance Companies (NAMIC) will advocate its positions on corporate governance, market conduct, securities ratings, and credit scoring during the National Association of Insurance Commissioners (NAIC) Fall National Meeting in Anchorage, Alaska, Saturday through Tuesday. Corporate …

Delaware’s Race for Insurance Commissioner Pits Advocate Denn Vs. Conciliator Ennis

Delaware voters face a choice in this year’s election for state insurance commissioner between a Democratic counsel to the current governor who vows to “stand up for Delawareans” and a Republican veteran legislator who lays claim to being a “great …

The Race For Delaware Insurance Commissioner: The Advocate Vs. The Conciliator

INSURANCE JOURNAL PUTS CANDIDATES DENN AND ENNIS ON THE RECORD, ON THE ISSUES September 7, 2004–Delaware voters face a choice in this year’s election for state insurance commissioner between a Democratic counsel to the current governor who vows to “stand …

On the Record: The Race for Delaware’s Insurance Commissioner

Delaware voters face a choice in this year’s election for state insurance commissioner between a Democratic counsel to the current governor who vows to “stand up for Delawareans” and a Republican veteran legislator who lays claim to being a “great …