Allstate Insurance Co. has lost its bid to squash a class action discrimination suit against it for its use of credit scoring in setting insurance prices. The U.S. Supreme Court this week denied the Northbrook, Ill.-based insurers’ bid to end …
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 …
The first thing the insurance industry should know about Steve D’Amato is that although he graduated from law school, he is not a trial lawyer. He also does not sport fangs nor does he carry a pitchfork. Finally, he does …
Speakers at this year’s annual meeting of the Maine Insurance Agents Association didn’t let a sneaky spring snowfall get them down as they issued positive reports on markets, products, association business and even the agents’ own venture into banking. “It’s …
A host of personal lines issues—ranging from credit scoring to a commissioner-requested data call to state fines on drivers with no proof of auto insurance—headlined the Michigan Association of Insurance Agents (MAIA) convention last February and have been in the …
Give the Florida Office of Insurance Regulation (OIR) credit, it has been a good listener when it comes to questions and concerns on the role of credit scoring. During a rule development workshop last month in Tallahassee, the OIR listened …
A proposal to ban use of credit-based insurance scores (HB 1292) would do severe harm to, and cause unintended consequences for, Colorado consumers, according to the American Insurance Association (AIA). “Removing credit information from the insurance rating and underwriting process …
A former director of the State Rating Bureau (SRB) within the Massachusetts Division of Insurance and frequent critic of the industry and its regulators has signed on to be executive director at the Center for Insurance Research (CIR), a watchdog …
A host of personal lines issues — ranging from credit scoring to a commissioner-requested data call to state fines on drivers with no proof of auto insurance — headlined the Michigan Association of Insurance Agents (MAIA) convention last February and …
A proposal to ban use of credit-based insurance scores (HB 1292) would do severe harm to, and cause unintended consequences for, Colorado consumers, according to the American Insurance Association (AIA). “Removing credit information from the insurance rating and underwriting process …
