Following a week of intense negotiations, the Iowa Senate approved a bill to restrict credit-based insurance scoring by a vote of 49 to 0. A coalition of industry advocates, led by captive-agent carrier State Farm, successfully amended the bill to …
Insurance scoring is a proven, accurate, objective and consistent risk assessment tool that provides significant benefits to Florida consumers, the Florida insurance industry testified Monday at a Florida Office of Insurance Regulation (OIR) rule development workshop. “As in other states, …
The National Association of Mutual Insurance Companies (NAMIC) recently joined the Personal Insurance Federation of California (PIFC) as an associate member. According to Jerry Davies, PIFC communications director, NAMIC is the first organization to join PIFC as an associate member. …
The Property Casualty Insurers Association of America has issued a bulletin indicating that continued debate within the National Association of Insurance Commissioners’ Credit Scoring Working Group about definitions in state laws dealing with the use of insurance scores is” an …
The issue of credit-based insurance scoring will once again reportedly be the subject of much discussion and attention during the spring meeting of the National Association of Insurance Commissioners (NAIC) in New York, which begins this weekend, the American Insurance …
The American Insurance Association joined the PCI (See IJ Website Mar.9) in announcing its opposition to a Massachusetts bill (SB 2093) that would ban the use of credit-based insurance scores. The AIA said passage of the measure “would do more …
Looking at this issue reminds me of how things have changed over the years. I frequently listen to a “Nostalgic” music station—yes, even in France these exist—and they play Ray Charles and the Beach Boys, and recently the song from …
A recent report issued by the Maryland Insurance Administration (MIA) on the use of credit-based insurance scoring found no basis for any conclusion that credit history is skewed toward ethnic minorities or low-income individuals. The study actually indicates that there …
The National Association of Mutual Insurance Companies (NAMIC) called for cessation of an effort to create a “best practices” interpretation document on the use of insurance scores by the National Association of Insurance Commissioners (NAIC). “Reasonable and balanced parameters on …
According to the Washington, D.C. office of the American Insurance Association (AIA), a state insurance regulator’s working group is being pressured by the National Association of Insurance Commissioners (NAIC) to develop “best practices” that would apply to insurance company use …
