The results of a multistate data call on credit-based insurance scoring appear to be preordained, according to lobbyists for the National Association of Mutual Insurance Cos. (NAMIC) and the Property Casualty Insurers Association of America (PCI). NAMIC State Affairs Director …
A bill that limits the use of credit histories to set insurance rates got final approval from state lawmakers on May 5 after they gave up trying to ban the practice. Under the measure (Senate Bill 216), insurers wouldn’t be …
The Property Casualty Insurers Association of America has issued a bulletin expressing serious legal and public policy concerns about a multi-state study being conducted by insurance regulators on the “impact of credit-based insurance scoring on certain groups of consumers.” The …
National News • March 16 “I have been a State Farm agent 34 years and have a little over 2000 cars insured. Because of credit scoring last year, I was only able to qualify 9 new auto sales for the …
National News • March 16 “I have been a State Farm agent 34 years and have a little over 2000 cars insured. Because of credit scoring last year, I was only able to qualify 9 new auto sales for the …
National News • March 16 “I have been a State Farm agent 34 years and have a little over 2000 cars insured. Because of credit scoring last year, I was only able to qualify nine new auto sales for the …
National News • March 16 “I have been a State Farm agent 34 years and have a little over 2,000 cars insured. Because of credit scoring last year, I was only able to qualify nine new auto sales for the …
A proposed regulation (Chapter 56) to restrict the use of credit-based insurance scores could actually cause unintended consequences for Wyoming consumers, according to the American Insurance Association (AIA). “Restricting the use of credit information in the insurance rating and underwriting …
National News • March 16 “I have been a State Farm agent 34 years and have a little over 2000 cars insured. Because of credit scoring last year, I was only able to qualify nine new auto sales for the …
New Jersey insurance officials, after reviewing their own test and the results in other states, have decided to permit the use of credit scores in the rating of private passenger auto policies by all insurers. Last year, the Department of …
