Credit scoring, CLUE reports become targets of Commissioner Garamendi’s Ire The hard market has hit California homeowners hard. State Farm, which had nearly 23 percent market share in the state in 2001 according to the National Association of Insurance Commissioners …
For more than a decade, the U. S. homeowners insurance industry has failed to produce acceptable results. Less publicized has been the challenges faced by insurers of high-valued homes. To a large extent, the same culprits that have placed a …
One of the most frustrating experiences for any insurance buyer—personal, commercial, or institutional—is to see a sudden, steep rate hike even if you haven’t had a claim in years, if ever. The industry loses credibility with consumers when companies are …
For more than a decade, the U. S. homeowners insurance industry has failed to produce acceptable results. Less publicized has been the challenges faced by insurers of high valued homes. To a large extent, the same culprits that have placed …
Could it be that there is a light at the end of the tunnel for the Texas homeowners market? Rates have firmed through waves of increases over the past two years to the point where they may have reached a …
One of the most frustrating experiences for any insurance buyer—personal, commercial or institutional—is to see a sudden, steep rate hike even if you haven’t had a claim in years, if ever. The industry loses credibility with consumers when companies are …
The Texas Senate passed, on a 28-3 vote, Senate Bill 14, major insurance reform legislation that addresses rate regulation and the use of credit-based insurance scores, among other things. Generally, the bill regulates the rates of personal auto and homeowners …
A report released this month regarding Ohio insurers’ use of credit-based insurance scores incorrectly asserts that such scores intentionally and unfairly create a disproportionate impact on minority and low-income groups, according to the National Association of Independent Insurers. “Insurance scores …
The Professional Insurance Agents of Connecticut Inc. has issued a statement urging the Connecticut General Assembly’s Insurance & Real Estate Committee to oppose Committee Bill No. 5490. The PIACT described the bill as seeking “to prohibit insurers from using credit …
Have we finally arrived at the point where the economy is a critical factor in personal automobile insurance? Not quite but it is my opinion that we are closing in. Although insurance company annual statements do not discern between the …
