California Department of Insurance (CDI) Commissioner John Garamendi implemented the first step in his Homeowner’s Bill of Rights April 25 by releasing a regulatory advisory to insurers reminding them to review and follow law when using loss or claims history …
A Montana bill that would have established reasonable and clear guidelines for the use of credit scoring in insurance underwriting and rating is dead, due in large part to disagreements between the insurance commissioner, insurers and legislators. Another bill that …
The Alliance of American Insurers is disappointed that the Montana Legislature has failed to pass a bill that would have struck a fair compromise on regulating how insurers use consumer credit histories in underwriting and rating policies. The bill, SB …
The Wisconsin Assembly is considering a bill that would prohibit insurers from using credit scoring information to issue or renew auto or property insurance policies. Assembly Bill 278, authored by Rep. Gregg Underheim (R-54th), would prohibit insurers from considering information …
The Georgia Senate unanimously approved legislation allowing insurers to use credit-based insurance scores in underwriting and rating homeowners and auto insurance coverage, according to the American Insurance Association (AIA). The bill now goes to Gov. Sonny Perdue for his signature. …
Give them credit—both agents and carriers have made credit scoring an issue that the industry can’t turn its back on. From studies to hearings, the issue has soared to become one of the top three or four issues in the …
Give them credit—both agents and carriers have made credit scoring an issue that the industry can’t turn its back on. From studies to hearings, the issue has soared to become one of the top three or four issues in the …
The Professional Insurance Agents of New Hampshire Inc. will hold its 2003 annual conference May 21, at the Marriott Courtyard and Grappone Conference Center, Concord, N.H. Last year nearly 100 industry representatives attended the event. “I’m looking forward to this …
The increasing use of credit scoring by insurers in underwriting and rating personal lines of insurance has reportedly brought on increased interest, oversight and even some action by insurance regulators and state legislatures to ensure the practice is being used …
Kemper Auto and Home (KAH) announced the certification of IBQ Systems for real-time XML rating of its products. KAH agents can now get quotes and apply for policies through IBQ’s SEMCI interface. The certification gives Kemper Auto and Home wider …
